Mexico is not only one “of the hidden gems” for wine exports, it is an economy that has grown at a pace in times of crisis to outpace giants in its hemisphere, such as Canada and the United States. And from being a country symbolic of emigration, it is becoming a landing place for those who, by choice or necessity, seek their fortunes far from their country of origin. The New York Times writes this in a lengthy article devoted to the Central American country.
In ten years, from 2000 to 2010, the population residing in Mexico but born abroad doubled to 850,000. This is due to the increased ability of the national economy to attract capital and resources, not only financial but also human. Residency applications have increased by 10 percent since last November, and legislation on opening the market to foreign companies is on its way to becoming less restrictive.
A market with great potential, in short, which already imports foodstuffs at a rate of around 7 percent annually of total imported goods. Demographic trends suggest that it could be a thriving outlet for high value-added foods, such as European wines or geographical indication products.
