Event Details

Join us for a presentation by BBVA Mexico about the Mexican Regional and Sectoral Outlook recently published by BBVA Mexico, and arranged by BBVA Singapore. Key sectors to be presented include:

  • Electronics
  • Logistic and Transport
  • Technology
  • Medical devices
  • Infrastructure

The presentation will be followed by a panel discussion about the role of Mexico as a hub for the Americas' market.


Trade tensions and business disruptions due to COVID-19 are propelling manufacturers to diversify their global footprint and Mexico is becoming attractive.

Mexico is the world's 15th largest economy and the 2nd largest in Latin America. Mexico has a diversified economy including manufacturing, oil production, mining, software, hi-tech industry, and agriculture.

Companies around the world consider Mexico as a prime manufacturing location and a hub to the Americas due to its geographical position, robust FTAs, in particular, the US- Mexico - Canada Agreement (USMCA), skilled workforce and low labor-cost.

The industry sector represents 30% of the GDP and employs 26% of the workforce (World Bank). In fact, Mexico ranks the 8th largest manufacturing economy. The main industries attracting global manufacturers are:

  • Aerospace: especially in the state of Queretaro with the presence of nearly 190 companies.
  • Automotive: one of the world's largest car producers, with the presence of 21 automotive OEMs (including Volkswagen/Audi, Mercedes-Benz, BMW, Ford, Toyota and Kia) and tier 1 and 2 suppliers.
  • Home appliances: Mexico is the world's 5th largest exporter of house appliances.
  • Electronics: production of electrical components for telecommunication, aerospace, automotive, high tech, and IT electronics.
  • Medical devices: Mexico is home to some of the largest industry players. This industry is growing fast due to its proximity to major markets.
  • Food Manufacturing.

The service sector accounts for 60% of the GDP and 61% of the workforce (World Bank). We see growth in the hi-tech, information, and software development.

While the world economy, including Mexico, is shrinking and there is a high degree of uncertainty, Mexico continues receiving foreign investment by manufacturers setting shop in the country. Additionally, the country has announced plans to boost the economy through infrastructure projects.

Join the event and the discussion for more information about Mexico's economy and opportunities.



  • Samuel Vázquez Herrera (Principal Economist at BBVA)

    Samuel Vázquez Herrera

    Principal Economist at BBVA


    Samuel Vázquez as Principal Economist at BBVA Research leads a team which analyzes Mexican economy from a regional and sectoral view. The main team’s goal is to identify opportunities and threats to forecast performance.
    He studied economics at Tec de Monterrey and his masters at El Colegio de Mexico.
    Samuel has worked also in the public sector in the Mexican antitrust agency and the financial regulator.

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    Dr. Pablo Lizana



    Pablo Lizana-Allende has over 20 years of experience in top management consulting. Since 2007 he has been consulting European companies in their expansion plans and optimization approaches on-site in Asia. His vast exposure to cross-regional projects has taught him to consider regional insights and cultural differences for our customer’s benefit.

    Pablo is the founder and Managing Director of Lizana & Company Asia Pacific. Since 2017 Dr. Lizana is the Honorary President of the Latin American Chamber of Commerce.
    He holds a Diploma in Theoretical Physics and Business Administration as well as a Ph.D. degree in Physics from the Technical University of Aachen, Germany.

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  • Andrés Carral Cuevas (Chairman Mexico Singapore Business Committee at COMCE)

    Andrés Carral Cuevas

    Chairman Mexico Singapore Business Committee at COMCE

    Andres is Director at Carral y Asociados. He is the Chairman of the Singapore-Mexico Business Committee at the COMCE, one of the largest associations in Mexico representing the private sector.  Mr. Carral was appointed as the Mexican Ambassador to Singapore, Brunei and Myanmar from  2001 to 2006. He was also the Honorary business representative of Singapore in Mexico from 1997 to 2017. He has held several C-level positions in international companies based in Mexico like Compuserve and Via Net Works.  He holds an Economics degree from ITAM - Instituto Tecnológico Autónomo de México (ITAM) and a Master in Business Administration from Clark University.

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  • Michael Brennan (General Manager at BBVA Singapore)

    Michael Brennan

    General Manager at BBVA Singapore

    Michael is the General Manager of BBVA Singapore and runs the Global Client Coverage Business for South East Asia and India.
    He joined BBVA after 12 years in corporate banking at HSBC in the Philippines, China, Europe, Mexico and Panama.
    Michael began his career as an EMEA finance lawyer in London at Freshfields and White & Case.
    He studied his undergraduate career in Ancient Greek and Latin at Oxford before postgraduate legal studies, also in Oxford.
    He grew up in Manchester and has a British father, Spanish mother and Colombian-Mexican wife.

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  • Dr. Claudia Avila Connelly (Executive Director of Mexican Association of Industrial Parks (AMPIP))

    Dr. Claudia Avila Connelly

    Executive Director of Mexican Association of Industrial Parks (AMPIP)

    For 10 years she collaborated with the Mexican Bank for Foreign Trade (Bancomext), in Mexico City and in its commercial offices in Stockholm, Sweden and Toronto, Canada, promoting exports and foreign direct investment (FDI). In 1999, she founded the Hidalgo
    International Corporation, a state agency for the promotion of exports and investment. From 2001 to 2005 she served as Secretary of Economic Development at the government of the state of Hidalgo. Since 2005, she works as Executive Director of the Mexican Association of Private Industrial Parks (AMPIP), a business organization representing 370 industrial parks in Mexico. She is a lecturer in national and international forums, as well as a columnist in specialized magazines, in both cases on topics related to FDI, industrial infrastructure, economic development and competitiveness. She holds a Bachelors Degree in International Relations from the National Autonomous University of Mexico (UNAM); an MBA from the Rotman School of Management from the University of Toronto, Canada; and a PhD in Strategic Management and Development Policies, from the Anahuac University in Mexico City, in addition to a number of courses in Mexico and other countries about NAFTA-USMCA, International Trade and Business, International Business Promotion and Data Intelligence.

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  • Francisco Rios (Acting Regional Group Director Latin America and the Caribbean of Enterprise Singapore)

    Francisco Rios

    Acting Regional Group Director Latin America and the Caribbean of Enterprise Singapore


    Francisco began his career at Enterprise Singapore in 2007. In his current appointment, he oversees the strategy for Latin America and is in charge of the offices of Mexico City and Sao Paulo, Brazil. Prior to this appointment, he was the head of the Mexican office, looking specifically at Mexico, Central America, and the Caribbean. Prior to this, Mr. Rios was based in Sao Paulo Brazil, leading Singapore’s efforts in most of the South American countries, prior to that he was based in Singapore as Manager of Infocomm and Media Division in the Technology Business Group with the task is to support Singapore’s Infocomm and Media companies, agencies, associations and federations in their expansion plans abroad. His main areas of focus are eGovernment, Intelligent Systems and initiatives with International Organizations, such as the World Bank.

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