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WHY MEXICO? |
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Second
largest trading partner of the U.S.: increased share in U.S.
imports: from 7.4% in 1994 to 11.00 in 2003
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Fourth
recipient of FDI among emerging economies and second in Latin
America; since 1994 Mexico has received over $139.7 billion dollars
in foreign direct investment
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Dynamic
export performance
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Improved
access to international markets
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Competitive
production costs and skilled labor force
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Strengthened democratic governance
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Increasing
international activism
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New
federalism
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Budgetary
continuity
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MEXICO:
STRATEGIC TRADE AND INVESTMENT HUB
Mexico is today
a leading economy in the world. Characterized by a booming domestic market
and a dynamic export performance, Mexico is the front runner in Latin America.
Mexico’s
GDP accounts for 633 billion dollars. The economy is supported by a skilled
and young labor force; in fact Mexico’s privileged demographical conditions
allows for an increased young population to spur economic growth.
Positioned
as the second largest U.S. trading partner, Mexico has increased its share
in U.S. imports from 7% in 1994 to 11 in 2003; while standing as fourth
recipient of foreign direct investment among emerging economies.
| Mexico
is the seventh largest importer in the world
(Total imports in billion dollars, 2002)
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Top
500 companies in Latin America:
Mexico is
the top country host of most of Latin America’s major companies.
Mexico emerged
over the last decade as the best location for foreign capitals and the most
favorable business environment in Latin America. Among the 500 major companies
in Latin America, the vast majority has established their operations in Mexico.
From 63 companies with operations in Mexico listed in the 1991 ranking1, there
are now 241 companies established in Mexico in 2002; while total sales grew
from $57.8 billion dollars to $ 497.1 billion dollars, representing 58% of the
500 companies’ total sales.
Such boom
in sales and trade is explained mainly by Mexico’s trade liberalization
process since NAFTA as well as its strong domestic market with low labor costs.
Source:
América Economía Magazine rankings, July 31, 2003.
| Mexico's
integration to the global economy
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