The federal government plans to approve the Outer Space Law, execute a space mission, and launch a new “geostationary” satellite as part of its goals.

President Claudia Sheinbaum’s administration prioritizes the aerospace industry and sets ambitious goals for 2030. These include approving the Outer Space Law by 2025, undertaking the first 100% Latin American space mission in 2027, and launching a new “geostationary” satellite in 2028.

On Monday, while presenting the “Plan Mexico,” a portfolio of national and foreign investments amounting to $277 billion, the president also announced the goal of positioning Mexico’s aerospace industry among the top 10 countries globally in aerospace production value.

“Of course, the proposals are viable, and naturally, they come with challenges, right? One of the most important challenges is funding and investment to make this possible,” stated Luis Lizcano, Executive President of the Mexican Federation of the Aerospace Industry (FEMIA).

“Everything proposed is achievable if all stakeholders are willing to collaborate and address challenges. It is a very ambitious plan which, if realized, would place our sector in an exciting position,” added the expert.

The document outlines plans to lead the first 100% Latin American space mission, make Mexico one of three countries capable of fully assembling an engine for French aerospace company Safran, and launch a 100% Mexican satellite into orbit. Additionally, Plan Mexico seeks to increase the local and regional content of aerospace exports by 10% and design and construct components for a “national satellite constellation” for observation purposes.

Specifically, the plan includes a development program for suppliers of steel, micro-moldings, polymers, fasteners, ball bearings, plastic injections, cable harnesses, and steering components, among other materials. The growth of the aerospace industry in Mexico is seen as a strategic pillar of national development, combining public and private sector efforts to bolster innovation and manufacturing capabilities.

Plan Mexico reinforces announcements made in November 2024 by Altagracia Gómez Sierra, coordinator of the Advisory Council for Regional Economic Development and Business Relocation, who stated that the government would lead the first 100% Latin American space mission in 2027. The mission is expected to include participation from Mexican astronaut Katya Echazarreta, a native of Guadalajara, Jalisco.

Gómez Sierra previously emphasized that the federal government would work closely with private industry and academia to promote the aerospace industry in Mexico.

Key Highlights

Industry Goals

The aerospace industry being promoted in Mexico will encompass aircraft design, research, development, manufacturing, the associated supply chain, maintenance, repair, and overhaul services.

According to FEMIA, the aerospace industry in Mexico is one of the most dynamic industrial sectors in the country, with sustained annual growth of 14% in recent years. It generates 60,000 direct jobs across 19 states and over 350 established companies. Mexico ranks 12th globally in the aerospace industry and is the seventh-largest exporter to the United States.

Satellite Development

Another key goal of Plan Mexico is to launch the first 100% Mexican satellite into orbit by 2028.

This new “geostationary” satellite will replace the Bicentennial Satellite (Mexsat Bicentenario), launched in 2012 during the administration of former President Enrique Peña Nieto. Its operational lifespan will end in 2031.

The new satellite is expected to be 100 times more capable than its predecessor. It will feature High-Throughput Satellite (HTS) technology for improved efficiency and speed, providing nationwide coverage and exclusive economic zone access with at least 300 Gbps capacity. It will also address digital inclusion needs, including internet access points.

Legislative Framework

In the short term, one of the planned actions is approving the Outer Space Law, which would empower Congress to legislate space-related matters nationwide.

The Chamber approved this legislation of Deputies in March 2023, but it is still pending discussion and approval in the Senate. By 2025, the government expects Congress to pass a constitutional amendment to Articles 28 and 73, enabling the regulation of outer space activities, including on the Moon and celestial bodies. These activities are identified as national development priorities under Article 25 of the Constitution.

Challenges

Luis Lizcano noted that while all federal goals are achievable, funding remains a significant obstacle.

“One of the significant challenges is the comprehensive vision required. Financing is another major hurdle, but we celebrate the plan’s objectives and its overall direction,” he said.

“I’m confident we can achieve the goals set forth by working together. We also appreciate that the sector’s needs and the integration of national capabilities have been considered,” he added.

Lizcano also pointed out that the aerospace industry in Mexico presents logistical and energy challenges due to its ambitious and long-term nature.

“Grand plans come with grand challenges, which require all stakeholders to address them collaboratively,” he remarked.

Without overhyping expectations, Lizcano emphasized the initiative’s positive trajectory. Given the increasing demand for space missions, he highlighted the logistical challenges regarding satellite projects, particularly the limited capacity for current satellite launches.

Conclusion

In conclusion, the aerospace industry in Mexico stands at the cusp of transformative growth, driven by ambitious government initiatives and collaboration with private sector and academic stakeholders. While challenges such as funding, logistics, and regulatory frameworks remain, the outlined goals—ranging from satellite development to advanced manufacturing—highlight the country’s potential to become a global leader in aerospace innovation. With sustained commitment and strategic planning, Mexico’s aerospace industry can achieve its 2030 objectives and serve as a cornerstone for national economic development and technological advancement.

Although the United States and Canada lead foreign investment in Roatan, investors come from Mexico, Guatemala, El Salvador, Spain, and Italy. Significant public and private investments will be made in 2025.

More hotels, both large and small, will be built this year on the island of Roatán, Bay Islands, located in the Caribbean region of Honduras.

A significant wave of public and private investment is set to take place this year in Roatán, where foreign investors continue to focus their attention due to the island’s diversity in tourism and commerce.

Ronnie Macnab, mayor of Roatán, recently spoke about the investment plans and development taking place on the island, which continues to grow in tourism.

Although Americans primarily lead foreign investment in Roatan, the island also has investors from Canada, Mexico, Guatemala, El Salvador, Spain, and Italy. Most of this investment is concentrated in tourism infrastructure.

“Private investment grew exponentially in 2024, as reflected in the municipal budget, which increased by 25%. We approved over 1,500 operating permits, 800 of which were for new businesses, primarily catering to tourists, including tours, souvenir shops, restaurants, small hotels, and new construction companies that opened offices here due to the boom in construction,” Macnab explained.

In 2024, the municipal budget of over 290 million lempiras was invested in infrastructure projects and unforeseen needs in schools and hospitals following the fire at the public hospital.

New Investments for 2025

This year, the mayor’s office plans to build a market for vendors selling handicrafts, a new municipal market to replace the current one, a school, two clinics, complete the main road, and develop social projects.

“Our biggest effort will be paving as many secondary roads as possible,” said the mayor.

The municipality is assisting investors in expediting environmental licenses and construction permits. The projects set to begin include a hotel with over 150 rooms, including a tourist plaza, a boutique hotel with 45 rooms, and a luxury hotel with 60 rooms. Additionally, several existing hotels are expanding their accommodations. These investments combine local and North American capital.

“In the West Bay area alone, we expect to add approximately 250 more rooms across several hotels. Similarly, a project involving vertical apartment buildings is in the planning stages in the French Harbor area. The projections for the first six months of this year are very positive,” added Macnab.

Through the National Airport Service (SAN), the government is investing $25.4 million (over 631 million lempiras) in renovating the Juan Manuel Gálvez International Airport.

The upgrades include a new control tower and access points, a fire station, improvements to the asphalt runway and electrical systems, new furniture, terminal expansions, and new baggage carousels.

“We see this positively. We are glad the government considered our request to expand this terminal. On certain days, the airport is overwhelmed with the number of people entering and leaving,” Macnab said.

More airport capacity is needed

The airport was designed to handle about 250,000 travelers annually but now serves over half a million. The new design is expected to meet a demand of between 750,000 and one million passengers, which is anticipated to further boost domestic and foreign investment in Roatan.

It is also worth noting that the real estate sector is on the rise, with increasing sales of houses and land.

Álvaro Durón, general director of the Bay Islands Chamber of Commerce, explained that Roatán is attractive to foreign investors because its residents speak Spanish and English in addition to the beauty of its beaches.

One of the most significant private investments announced for this year is by Margaritaville and Karisma Hotels & Resorts. This all-inclusive luxury hotel will feature over 150 rooms, outdoor music venues, a spa, and unique dining concepts. While this will be their first property in Honduras, both chains exist in many other countries.

Durón noted that while there are still significant investments, many are local, with foreign investment in Roatan on a smaller scale due to uncertainty among investors, which has delayed some projects.

Investment Could Be Greater

“There’s hesitation to invest because there’s no clear direction. Investors don’t know what might happen with the new Tax Justice Law, which limits large projects, particularly on the island, where everything is so expensive due to the need to import materials from the mainland. These projects are not viable without some incentive,” he explained.

The business leader emphasized that certainty, clear rules to build confidence, and incentives are key to attracting new investments to the country.

“The expansion and renovation of the airport are vital for attracting new investments, and new flight routes are needed,” he stated.

Conclusion

In conclusion, Roatán stands at a pivotal moment for economic growth and development, driven by significant foreign investment in Roatan and local investments in tourism and infrastructure. While new hotels, expanded accommodations, and the upgraded international airport promise to enhance the island’s appeal, challenges remain. Addressing concerns over policy clarity, providing investment incentives, and improving logistics are essential for sustaining this momentum. With its natural beauty, bilingual population, and strategic initiatives, Roatán has the potential to solidify its position as a premier destination for tourism and commerce in the Caribbean, provided that the right conditions foster investor confidence and long-term growth.

The Republic of Panama has officially announced Panama Blockchain Week 2025, a key initiative marking the nation’s ambitious strides toward becoming a regional blockchain technology hub. Through a strategic alliance between President José Raúl Mulino’s government and the private sector, Panama is fostering a robust ecosystem to attract investments and promote cutting-edge technological solutions.

Building Panama’s Blockchain Ecosystem

Panama’s journey to becoming a regional blockchain technology hub is rooted in its strategic vision and its commitment to creating an environment conducive to global business. Factors such as attractive tax incentives, public safety, political stability, and a rapidly growing infrastructure have made the country a prime destination for international enterprises. Panama has positioned itself as a gateway to innovation in today’s competitive global landscape through collaborative efforts between the government, public administrations, financial institutions, and major investors.

This collaborative framework enables Panama to host world-class events and establish itself as a regional blockchain technology hub. The Panama Blockchain Week, slated to take place from April 22 to 24, 2025, is a testament to these efforts, bringing together experts, enthusiasts, and business leaders from around the globe.

Panama Blockchain Week 2025: A Catalyst for Growth

In December 2024, President José Raúl Mulino underscored the significance of Panama Blockchain Week in attracting foreign direct investment (FDI) and driving growth across multiple economic sectors, including business tourism.

“Tourism is a key driver of economic growth. That’s why we are committed to establishing Panama as a hub for conferences and conventions. Panama will host Blockchain Week, a specialized event on virtual currencies, to further this goal from April 22 to 24. The event is expected to welcome no fewer than 3,000 international visitors, with hotel bookings exceeding 12,000 rooms per night and generating an economic impact of over $4 million,” President Mulino stated during a December press conference.

This landmark event showcases technological advancements and enhances Panama’s reputation as a destination for high-profile conferences and business gatherings. It aligns with the government’s broader strategy of leveraging emerging technologies to position Panama as a regional blockchain technology hub and a global leader in innovation and commerce.

Developing Policies for Blockchain Innovation

The Panamanian government is actively working on policies and regulations to promote the adoption of emerging technologies. By creating a solid legal framework, the administration aims to ensure a secure and reliable environment for businesses and investors in the Blockchain sector. These efforts include regulatory clarity for cryptocurrencies and other Blockchain-based solutions, vital for fostering innovation and building trust in the ecosystem.

This proactive approach highlights Panama’s commitment to embracing disruptive technologies. From transparent smart contracts to decentralized finance (DeFi) applications, Blockchain holds the potential to transform industries, and Panama is determined to be at the forefront of this evolution. 

Private Sector’s Role in Driving Blockchain Adoption

Complementing the government’s efforts, the private sector is crucial in advancing Blockchain technology in Panama. Banks and large enterprises are investing in Blockchain-based projects, recognizing the transformative power of these solutions to revolutionize business operations.

Major financial institutions are exploring ways to integrate Blockchain into their operations, from streamlining cross-border payments to enhancing supply chain transparency. Meanwhile, startups and tech firms are driving innovation, creating applications that promise to make transactions faster, more secure, and cost-effective.

Economic Impact Beyond Technology

The impact of Panama’s Blockchain initiatives extends beyond the technology sector. Events like Panama Blockchain Week are expected to boost the country’s economy in various ways, including increased tourism revenue and job creation. The influx of international visitors will benefit local businesses, from hotels and restaurants to transportation services while raising Panama’s profile as a destination for technology-driven events.

Additionally, the focus on Blockchain aligns with Panama’s broader goals of economic diversification and digital transformation. By investing in technologies that enhance efficiency and transparency, the country is paving the way for sustained economic growth and resilience in an increasingly digital world.

Future Prospects for Blockchain in Panama

Efforts to establish Panama as a regional blockchain technology hub are likely to yield significant long-term benefits. As more businesses recognize the advantages of operating in a country with favorable policies, robust infrastructure, and a growing talent pool, Panama is poised to attract even greater levels of investment.

Moreover, emphasizing collaboration between the public and private sectors sets a strong foundation for sustainable innovation. By aligning interests and leveraging resources, Panama creates an ecosystem where technological advancements can thrive, benefiting local and global stakeholders.

Conclusion

Panama’s commitment to becoming a regional blockchain technology hub is a bold and forward-thinking initiative. Through strategic collaboration between the government and private sector, the country attracts investments and positions itself as a global digital economy leader.

As the Panama Blockchain Week 2025 approaches, it symbolizes a milestone for the nation’s Blockchain ecosystem and a stepping stone toward a future where Panama is synonymous with innovation, collaboration, and economic opportunity.

Over the past decade, over 3,000 companies registered under Startup-Chile have collectively achieved sales exceeding USD 2 billion.

When discussing Chile’s economic prospects, it is impossible not to highlight its reputation as the top destination in Latin America for conducting business and fostering new enterprises. With its robust infrastructure and strong economy, Chile is an ideal environment for nurturing innovative developments, industries, ideas, and business opportunities.

This favorable environment has attracted attention from a wide range of sectors. From resource extraction industries to international entertainment platforms like Mágico Casino and even environmental conservation and climate change mitigation ventures, startups are emerging as pivotal players in diverse fields. Below, we examine some sectors where Chilean startups are setting international benchmarks for success.

A Promising Landscape in Chile

Startups typically refer to small, emerging businesses in their early stages of development. What distinguishes startups from other market players is their focus on innovative ideas and groundbreaking projects that can yield significant results relatively quickly. Startups are particularly appealing to investors, especially those with the financial capacity to take on high-risk ventures. As a result, these businesses often gain visibility through significant funding rounds.

Chile has become a focal point for investors seeking opportunities in new development projects in the past three years. In 2023 alone, venture capital investments in Chile surged to nearly USD 3 billion. This influx of capital allowed two companies to achieve unicorn status—defined as having a market valuation exceeding USD 1 billion.

The Key to Chile’s Startup Success

The success of Chile’s startups can be attributed to several factors, mainly the ease of accessing private funding and government initiatives to foster private entrepreneurship. Organizations like Startup-Chile have played a critical role in channeling domestic and foreign investments into projects with international potential. Consequently, Chile now boasts one of the region’s most diverse startup ecosystems, encompassing FinTech, technology, food production, and healthcare sectors.

Another element bolstering investor confidence in Chile is the proven success of its economic ecosystem. Over the past decade, startups in Chile have collectively generated over USD 2 billion in sales, demonstrating their capacity for sustained growth and profitability.

Success Stories in Chile

Notable examples of thriving startups in the country include Cornershop, a platform specializing in purchasing, selling, and delivering groceries, and NotCo, which focuses on developing plant-based alternatives to animal-derived foods. These companies are leading the way in a growing community of businesses, each achieving market valuations of over USD 1 billion within eight years.

Other companies, such as Butterfly, which offers corporate services, and Abacus and Capitalizarme have successfully leveraged the opportunities presented by the Fourth Industrial Revolution. Chile’s robust digital infrastructure significantly contributes to these ventures’ success. With 92% of the population enjoying internet access and an average speed of 82 Mbps—one of the fastest globally—startups in Chile benefit from a highly connected environment.

Continued Growth of Chilean Startups

The exponential growth of Chile’s startup ecosystem in recent years shows no signs of slowing down. Encouragingly, foreign direct investment in Chile increased by 46% in the first months of 2024 alone. This upward trend highlights the country’s macroeconomic and microeconomic potential, solidifying its position as a hub for innovation and entrepreneurship.

With a strong foundation, a supportive investment climate, and proven success stories, startups in Chile are poised to continue driving economic growth and innovation, making the country a key player in the global startup landscape.

The Future of Startups in Chile

As Chile continues to establish itself as a thriving hub for innovation and entrepreneurship, the future of Chile’s startups looks brighter than ever. The country’s strategic combination of a resilient economy, supportive policies, and robust digital infrastructure provides an unparalleled foundation for business success. Programs like Startup-Chile attract talent and capital and nurture an environment where innovative ideas can thrive and reach global markets. Additionally, the rising interest from international investors underscores Chile’s position as a competitive player in the global startup arena.

The success stories of companies like Cornershop and NotCo are potent motivators for aspiring entrepreneurs. At the same time, sectors like FinTech, renewable energy, and food technology offer vast potential for growth and diversification. Chile’s commitment to sustainability and digital transformation further enhances its appeal as a forward-thinking nation ready to tackle 21st-century challenges.

Moreover, the steady influx of foreign direct investment highlights the confidence the global business community places in Chile’s entrepreneurial ecosystem. As the country leverages its natural advantages and cultivates its human capital, startups in Chile will likely continue to attract attention and deliver remarkable results on an international scale.

In conclusion, Chile’s vibrant startup ecosystem stands as a beacon of innovation and opportunity in Latin America. With sustained support, continued investment, and an unyielding focus on innovation, startups in Chile are well-positioned to drive economic growth, create transformative solutions, and cement the country’s reputation as a global leader in entrepreneurship.

Manufacturing in El Salvador is steadily gaining recognition as a key contributor to the country’s economic development. With its strategic location, skilled workforce, and supportive government policies, El Salvador has created a favorable environment for manufacturers seeking to establish or expand operations in Central America. This blog will explore why El Salvador is well-suited for manufacturing, explore its primary industries and companies, and examine the infrastructure and incentives bolstering the sector.

Strategic Location and Access to Markets

El Salvador’s geographic location in Central America makes it a natural gateway to major markets in North and South America. Situated on the Pacific coast, the country provides easy access to key ports, facilitating efficient exports to the United States, Canada, Mexico, and beyond. Moreover, El Salvador is part of the Dominican Republic-Central America Free Trade Agreement (CAFTA-DR), which eliminates tariffs on most goods exported to the U.S. This advantage allows manufacturers to integrate seamlessly into global supply chains, reducing costs and delivery times.

The country’s proximity to other Central American nations makes it an ideal hub for regional distribution. With a time zone aligned with the U.S. market, El Salvador’s location enhances its competitiveness in the textiles, electronics, and food processing industries.

Key Manufacturing Industries in El Salvador

1. Textile and Apparel Manufacturing

The textile and apparel industry is the backbone of manufacturing in El Salvador, accounting for a significant portion of the country’s exports. Under CAFTA-DR, companies benefit from duty-free access to the U.S. market, and modern industrial parks and a skilled workforce support the sector.

Key players include:

Hanesbrands Inc.: A global leader in apparel with operations in several Salvadoran free zones.

Fruit of the Loom: Another prominent name in textiles, leveraging the country’s favorable trade policies.

2. Electronics and Electrical Components

Electronics manufacturing is a growing sector, with companies producing everything from circuit boards to home appliances. El Salvador’s proximity to North American markets and developing skilled labor force make it an emerging hub for this industry.

Companies like Electrolux have established assembly operations in the country.

3. Food and Beverage Processing

The food and beverage industry is also thriving, driven by domestic demand and export opportunities. Major players, such as La Constancia, part of AB InBev, operate in this sector, producing beverages and other consumer goods for regional markets.

4. Plastics and Packaging

El Salvador has developed a niche in plastics manufacturing, particularly in packaging for food and industrial products. This industry complements the growing export-oriented food sector, creating a mutually beneficial ecosystem.

Physical and Human Infrastructure Supporting Manufacturing

1. Physical Infrastructure

El Salvador has invested heavily in infrastructure to support manufacturing activities. Key facilities include:

• Free Zones: The country boasts over 17 free zones, such as the International Free Zone and the San Marcos Free Zone, with advanced utilities, waste management, and security.
• Port Infrastructure: The Port of Acajutla, El Salvador’s principal seaport, handles most of the country’s trade. Its modern facilities support efficient import and export operations.
• Road Networks: An extensive highway system connects industrial parks to ports, airports, and neighboring countries, ensuring smooth logistics.

2. Human Infrastructure

El Salvador’s workforce is one of its key assets. Known for their strong work ethic and adaptability, manufacturing companies highly seek Salvadoran workers. Government programs and partnerships with private institutions provide training in technical skills relevant to manufacturing, such as textile machinery operation and electronics assembly.

Additionally, over 50% of the population is under 30, ensuring a young and dynamic workforce for years to come.

Government Incentives for Manufacturing in El Salvador

The Salvadoran government has implemented numerous incentives to attract and retain manufacturing companies. These include:

1. Tax Incentives

• Income Tax Exemptions: Companies operating within free zones or under special regimes are exempt from income taxes for a defined period, often extending beyond a decade.
• Value-Added Tax (VAT) Exemptions: Manufacturing companies benefit from VAT exemptions on imported raw materials and machinery.

2. Special Customs Regimes

• International Services Law: This regime allows companies providing international services to operate tax-free, fostering sectors like electronics and logistics.
• Customs Facilitation: Fast-track customs clearance is available for manufacturers, reducing delays and operational costs.

3. Free Zones

El Salvador’s free zones offer comprehensive benefits, including:

• Duty-free importation of raw materials and capital goods.
• 100% exemption from municipal taxes for a specified period.
• Access to state-of-the-art infrastructure designed for manufacturing needs.

4. Training and Development Programs

To enhance the capabilities of its workforce, the government collaborates with educational institutions and international organizations to provide vocational training. These programs focus on the skills needed for key manufacturing industries, ensuring a steady supply of qualified labor.

Prominent Manufacturing Locations in El Salvador

Manufacturing hubs in El Salvador are strategically distributed to leverage the country’s infrastructure and workforce. Notable locations include:

1. San Salvador Metropolitan Area

San Salvador, the country’s capital, hosts numerous industrial parks and free zones. Its proximity to the international airport and major highways makes it a prime location for manufacturing and logistics companies.

2. Santa Ana

Santa Ana is home to many textile and food processing plants. The city’s location near the Pan-American Highway ensures easy transportation to domestic and international markets.

3. San Miguel

Located in the eastern part of the country, San Miguel is emerging as a hub for electronics and light manufacturing, supported by ongoing infrastructure development.

4. La Libertad

This coastal region is gaining attention for its proximity to the Port of Acajutla and its appeal to foreign investors seeking access to export markets.

Success Stories in Manufacturing in El Salvador

Several global companies have established successful operations in El Salvador, citing the country’s business-friendly policies and skilled workforce.

• HanesBrands Inc.: Operates multiple facilities, employing thousands, producing apparel for global markets.
• La Constancia: A key player in the beverage sector, contributing significantly to exports and local employment.
• Grupo Unicomer: While primarily a retail group, it also operates local manufacturing plants for furniture and appliances.

These companies illustrate the diverse opportunities available across various manufacturing sectors in El Salvador.

Challenges and Opportunities

While El Salvador offers numerous advantages, it faces challenges, such as:

• Energy Costs: Electricity prices can be higher than regional averages, though renewable energy initiatives are mitigating this issue.
• Security Concerns: The government has improved safety, crucial for attracting foreign investment.

On the other hand, the country’s focus on renewable energy and sustainable manufacturing represents an opportunity for companies aiming to meet global sustainability standards.

Conclusion: Why Choose Manufacturing in El Salvador?

Manufacturing in El Salvador offers a compelling combination of strategic location, skilled labor, modern infrastructure, and government incentives. The country is well-positioned to attract diverse industries, from textiles and electronics to food processing. Its free zones and special customs regimes create a cost-effective environment for businesses seeking efficiency and growth in a competitive global market.

El Salvador stands out as a reliable and strategic partner for companies considering expanding operations in Central America. With its ongoing commitment to improving infrastructure and workforce development, the country is poised to play a more significant role in the global manufacturing landscape.