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  Friday, 22 June 2018 05:09 pm
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Mexico is an export oriented economy. It is one of the most open countries in the world and an important trade power as measured by the value of merchandise traded, and the country with the greatest number of free trade agreements. In 2005, Mexico was the world's fifteenth largest merchandise exporter and twelfth largest merchandise importer with a 12% annual percentage increase in overall trade.[34] In fact from 1991 to 2005 Mexican trade has increased fivefold.[35] Mexico is the biggest exporter and importer in Latin America; in 2005, Mexico alone exported 213.7 billion USD, roughly equivalent to the exports of all members of Mercosur (Venezuela included). However, Mexican trade is fully integrated with that of his North American partners: close to 90% of Mexican exports and 50% of its imports are traded with the United States and Canada. In spite of this, NAFTA has not produced trade diversion. While trade with the United States increased 183% from 1993-2002, and that with Canada 165%, other trade agreements have shown even more impressive results: trade with Chile increased 285%, with Costa Rica 528% and Honduras 420%. Trade with the European Union increased 105% over the same time period.

Mexico’s Free Trade Agreements

The biggest advantage of Mexico is that is recognize as a third world country and any product manufacture in México has a special duty treatment when its going to a develop country, some of the countries that Mexico has Free Trade agreements are:

  • United States and Canada
  • European common Market
  • ALADI (Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay and Venezuela)
  • Mercosur (Brazil, Paraguay, Uruguay and Argentina
  • Northern Triangle (Honduras, El Salvador and Guatemala.)
  • Israel
  • Japan
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