Background on Jalisco and its Economic Significance
Jalisco, a state in western Mexico and home to the city of Guadalajara, is a significant economic hub. It has been attracting foreign direct investment (FDI) due to its robust manufacturing sector, thriving technology industry, and strategic location. Cindy Blanco, the head of Jalisco’s Secretaría de Desarrollo Económico (SEDECO), plays a crucial role in fostering this growth.
FDI Outlook for 2025
Despite a slow start in the first half of 2025 due to global economic uncertainty, Jalisco expects a rebound in FDI by the second half of the year. SEDECO reports that the state has already attracted $602 million in FDI during the first six months. Blanco aims to secure between $1,200 and $1,500 million in FDI by the end of 2025.
Jalisco’s Performance in Other Economic Indicators
Beyond FDI, Jalisco excels in job creation and competitiveness. The state ranks third in job generation and has climbed six positions to place fourth in national competitiveness according to the Instituto Mexicano de la Competitividad (IMCO) index.
Export Strategies and New Markets
Blanco highlighted that, despite challenges posed by U.S. tariff policies in the first quarter of 2025, Jalisco has developed strategies to boost exports by 11%, similar to the growth seen in 2024. These strategies include supporting existing exporters and diversifying markets.
- Tequila Exports to India: Jalisco is working with tequila producers to enter the Indian market, which holds great interest for them. A potential joint delegation (comprising businesses and government) may visit India by year-end.
- Latin American Market Focus: Alongside Asia, Jalisco is targeting Latin American markets. A Panamanian delegation, identified as having significant interest in Jalisco’s sectors like meat production, is expected in late July.
Identifying and Addressing Export Challenges
Blanco mentioned that a permanent inter-institutional table, comprising authorities, university representatives, and business organization members, is identifying regulatory hurdles faced by Jalisco’s exporters. These challenges involve interactions with the Secretaría de Economía, SAT (Mexican tax administration), and VUCEM (Mexico’s Single Window for International Trade).
Once these difficulties are pinpointed, Jalisco’s authorities will collaborate with federal counterparts to streamline export operations and support businesses.
