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Mexico: Country Insights
Mexico is the third largest trading partner of the United States, and represents the second largest export market of U.S. products and services. Since its enactment in 1994, the North American Free Trade Agreement (NAFTA) bolstered the strong manufacturing industries on both sides of the border, facilitating an active exchange in parts and components along supply chains for various sectors, including: automotive, aerospace, consumer appliances, electronics, and medical devices. The growth of the Mexican economy, U.S.-Mexico trade, geographic proximity and the similarity in business cultures gives U.S. manufacturers and U.S.-based service providers ample opportunity to grow their market share in Mexico.
Here are some facts to consider about doing business in Mexico.
Mexico is the United States’ 3rd largest trade partner and 2nd largest export market for U.S. products.
U.S-Mexico bilateral trade increased from $88 billion in 1993, the year prior to the implementation of NAFTA, to $460 billion in 2011, an increase of 423 percent.
With a shared Western and Hispanic culture U.S. producers find it easier to market and sell their services and products in Mexico.
There is a large installed base of manufacturing in a wide range of sectors.
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If you want to learn about global business, and believe your product or service can be sold abroad, your first stop should be an MBDA Business Center. Contact David Leister, Project Manager of the MBDA Global Business Center at email@example.com or 210-458-2480.