Taiwanese and Korean Companies Seek Texas Suppliers

Companies from Taiwan, Korea, Cambodia, Japan, Sweden, and Spain are increasingly seeking local suppliers in Nuevo León to meet US market regulations. This presents an investment opportunity for local firms to enhance technology and become suppliers for major corporations. With competitive tariffs and proximity to the US, Nuevo León stands out for logistical advantages and local industry support.


Taiwanese and Korean Companies Seek Texas Suppliers

Companies from Taiwan, Korea, Cambodia, Japan, Sweden, and Spain are showing a growing interest in becoming suppliers for the state to comply with the rules of origin and access the U.S. market. Emmanuel Loo, Head of the Economic Secretariat of the state, pointed out that these companies are seeking support, which offers Nuevo León companies the opportunity to invest in technology and become suppliers to these large corporations.

Mexico's competitiveness is strengthened against tariffs, making Nuevo León an attractive place for investment. Proximity to the United States and efficient logistics allow everything produced in the region to be delivered to the United States and Canada within 24 hours. This logistical advantage, along with a solid local industry and supply chain, positions Nuevo León as an appealing destination for large companies looking to establish themselves in the region and comply with the required rules of origin.

In an interview conducted at the start of Fabtech Mexico, an industrial fair featuring participation from 450 companies from 20 countries, Loo emphasized the relevance of the Supply Hub platform, promoted by the state government to connect companies with local production needs. So far, purchase orders exceeding 700 million dollars have been registered, focused on complying with the rules of origin stipulated in the Treaty between Mexico, the United States, and Canada (USMCA).

The state official highlighted that more than 85% of Nuevo León's exports are destined for countries within the USMCA territory, underlining the importance of strengthening trade ties with these nations.