In the next two years, Mexico's industrial sector will face a defining moment as the renegotiation of the USMCA in 2026 approaches. During the Annual Convention of the Mexican Association of Private Industrial Parks (AMPIP) held in Punta Mita, Nayarit, experts, business leaders, and policymakers outlined a strategic agenda focused on restructuring supply chains, strengthening logistics security, adopting disruptive technologies like artificial intelligence, developing advanced infrastructure, and diversifying exports. These efforts are crucial for Mexico to solidify its role as a cornerstone of the North American economy.

Yet, the path ahead is fraught with risks. The pressure to adhere to the treaty's rules of origin, coupled with critical issues such as strengthening the rule of law, enhancing institutional transparency, and improving competitiveness in strategic sectors—such as the national electric grid—pose significant internal challenges. Added to this is the mounting pressure from the United States in sensitive areas like energy and technology to curb China's influence in key sectors such as automotive manufacturing and lithium batteries. Meanwhile, global conflicts, including those in Ukraine and the Red Sea, continue to destabilize supply chains, drive up raw material costs, and disrupt essential trade routes. These dynamics underscore the urgent need for Mexico to act decisively and strategically.

Against this backdrop, Lila Abed, Director of the Mexico Institute at the Wilson Center, emphasized that industrial parks are essential for bolstering Mexico's position ahead of the USMCA renegotiation and ensuring the country is prepared to meet its trade partners' demands. Similarly, Alejandro Delgado, Country Manager Mexico at SiiLA, noted that the industrial sector's success hinges on adapting to global dynamics and fostering collaboration between developers and authorities.

As the USMCA renegotiation draws closer, decisions made in the short term—from modernizing infrastructure to implementing effective public policies—will be critical. These decisions will pave the way for a competitive, resilient industrial sector that is in sync with the demands of the global economy.

Secretary of Economy Marcelo Ebrard revealed that formal discussions for the treaty's renegotiation could begin in February 2025, with the official review scheduled for mid-2026. He stressed that Mexico plans to present robust data highlighting its integration into the North American value chain, noting that most Mexican exports come from companies directly linked to its trade partners in the United States and Canada.

Ebrard emphasized that since the new trade agreement took effect four years ago, trade between Mexico, the United States, and Canada has increased by 48%, highlighting it as a highly successful pact. Addressing the possibility that Canada might pursue a bilateral trade agreement with the United States, excluding Mexico, he argued that abandoning a deal that has delivered significant benefits for all three economies would make little sense.

While acknowledging Canada’s concerns about China’s influence in Mexico, Ebrard stressed that such issues should not distract from the importance of maintaining strong regional cooperation. He also noted that if any member were to consider withdrawing from the agreement, a six-month notice would be required, providing sufficient time to negotiate a successful revision and safeguard regional interests.

Participants at the convention agreed that Mexico can better leverage its geographic advantages and integration into regional supply chains. However, they cautioned that this will require coordinated efforts between the private sector and the government, supported by sustainable and long-term policies. They also highlighted the importance of incorporating environmental, social, and governance (ESG) criteria as a central pillar in industrial development—not only to meet international commitments but also to attract investments and ensure balanced, competitive growth.

According to SiiLA, foreign companies—primarily from the United States—currently account for 75% of industrial absorptions in Mexico, reflecting the dynamism of a booming market expected to set a record for new developments this year. A similar pace is projected for 2025, despite the anticipated slowdown associated with the first year of a presidential term, as noted by journalist Rodrigo Pacheco during the opening remarks.

In this context, forums like the AMPIP convention play an indispensable role in analyzing the opportunities and challenges of Mexico's industrial real estate market.

Alejandro Delgado highlighted, "For SiiLA, it's a privilege to contribute to AMPIP's efforts and foster synergies between market stakeholders, driving innovative solutions that promote sector growth." Giancarlo Nicastro, CEO of SiiLA, added that these gatherings not only strengthen connections between developers, authorities, and businesses but also provide a clear view of the trends and strategies shaping the future of Mexico's industrial sector.

Held from November 20 to 23, the event was a space for strategically reflecting and recognizing those driving Mexico's industrial sector. Opened by Jorge Ávalos, President of AMPIP, and Claudia Esteves, its Director General, the convention marked its most attended edition. The agenda included awards for 28 sponsoring companies, including SiiLA.

The event brought together industry leaders such as Guillermo Espinosa, Director of Development at DHL Supply Chain; Alberto León, Director of Corporate Industrial Solutions at JLL; and David O’Donnell, President of Grupo O’Donnell.

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