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The upsurge of the Latin American manufacturing industry has been one of the main drivers of economic growth in the last decades. Improving terms of trade, as well as machinery and equipment component performance have boosted consumption and investments.
The upward trend in machinery and equipment investment has been particularly salient, with entire new value chains appearing in the process. Today most international car manufacturers, for example, have outsourced significant parts of their production to Latin America.
The manufacturing industry creates two types of different opportunities for foreign firms. On the one hand European and American machinery manufacturers identify new sales opportunities, along with providing their expertise and the required customer support. On the other hand, Industrial Firms wishing to outsource their production, or part of it, in order to reduce production costs and/or reach new potential consumers.