TIJUANA – An investment leak in the television manufacturing industry could take place during 2019 in Tijuana since trade barriers have been imposed in previous years, which has caused a fall in its exports. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership treaty (CPTPP) may be a cause as well of this leak; this was warned by the president of TLC Asociados, Octavio de la Torre de Stéffano, when carrying out an analysis on the impacts that said treaty will have on the manufacture of televisions in Mexico.
The expert in Foreign Trade and Customs explained that foreign television manufacturing companies would be tempted to go to Asian countries such as Vietnam, where international companies in this sector are already installing their production plants.
De la Torre de Stéffano stated that it is an issue that is barely addressed, but could detonate the withdrawal of these companies from Mexico, to settle in Asian countries that are part of the treaty such as New Zealand, Japan and Singapore.
Source: Unimexicali