Taiwanese firms should look to Mexico: TEEMA‘STRATEGIC POSITION’: In addition to diversifying supply chains, building factories in Mexico makes reaching the US market easier, TEEMA’s chairman saidBy Angelica Oung / Staff reporterTaiwanese companies should look to Mexico to diversify their production exporting to the US market and enhance risk management in supply chains, Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA, 台灣電子電機公會) chairman Richard Lee (李詩欽) said yesterday. Lee was speaking at the TEEMA Global Networking Forum, which focused on Mexico, the Czech Republic, Slovakia and the EU as investment hotspots for Taiwanese businesses. “The advantage of manufacturing in Mexico is the proximity to the US market,” Lee said. Describing trade relations between Taiwan and the forum’s featured destination countries as “keen,” Lee said that TEEMA hopes to promote formal agreements to “solidify the strategic position” of Taiwanese companies hoping to invest there. Saying that most Taiwanese businesses that have found success in India supplied the local market, Lee encouraged Taiwanese businesses to see India as an emerging potential market rather than a manufacturing hub.

Source: Taipei Times December 18, 2020 15:56 UTC