Thursday 17 May 2012
Monterrey, Mexico.- Aeronautics industry in Mexico with have access to the world’s defense market not that Mexico has joined Wassenaar Agreement. The value of this market is almost four times as much as commercial aeronautics market, according to officers from the Mexican Federation of Aerospace Industry, Federacion Mexicana de la Industria Aeroespacial (Femia).Carlos Bello, General Director, said that the sector had been prepared for some time and now with such access the industry will be able to buy highly specialized machines, formerly unavailable to them. “We are going to produce GPS, electronic products and other components that we could not manufacture before in Mexico”, he said.
Flavio Diaz Miron, President, Femia, who is also CEO for Bombardier Transportation in Mexico, said that up to 2008, the most recent data, the value of civil aeronautics market was US$450 billion globally, while that of the defense market exceeded US$2 trillion.
“This is a market where we did not use to participate, but signing Wassenaar Agreement opens a new chapter for Mexico”, he said.
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