Trade Agreements Essay
Doing Business in Mexico
Vanessa Reich
A01299398
Commercial Trade Agreements in Mexico
Presentation
There are various trade agreements in the history of Mexico with various countries starting out with the GATT in 1986 (AAP 14 Panama). The most important one is the NAFTA (TLCAN), which includes USA Mexico and Canada and makes up 27,96% of world wide GDP. For Mexico international commerce is really important, because import and export are the key factor. Trde transactions make up 63.1 % of the GDP in 2013. With NAFTA Mexico’s trading percentage went up from 30.7% in 1993 to 46.9% in 2013, where imports from NAFTA were53% and exports were 81%. This shows how important NAFTA is. The commercial flow focusus on three stcions though : XVI Machinery, V-Animals and XVII Transport. The US is Mexico’s most important trading partner, because the have 49.1% of the imports in Mexico. This of course has an huge impact un Mexican economy. Companies in Mexico have changed and try to change to a more international standard, so they can compete with the rest of the world and be more efficient, as well as rise the quality of products. Two important factors of the commercial economy are the trade facilitation policies and that there are more and more foreign investments. Mexico is on it’s way to adapt to the international world of economy.
Film: A North America – European Union Free Trade Agreement?
The film is about the role of Canada and Mexico as the US and EU negotiate the Transatlantic Trade and Investment Partnerships. Due to NAFTA there have been great ties between Mexico, Canada and US. So arguing with the EU for a Free Trade Agreement would create the biggest free trade zone in the world and therefore has a huge impact on all of these countries. How can the three countries work together the best together with the EU so everybody will benefit from it? The conference discusses the challenges and opportunities to include all 4 partner in this agreement. Mexico already has
Vanessa Reich
A01299398
Commercial Trade Agreements in Mexico
Presentation
There are various trade agreements in the history of Mexico with various countries starting out with the GATT in 1986 (AAP 14 Panama). The most important one is the NAFTA (TLCAN), which includes USA Mexico and Canada and makes up 27,96% of world wide GDP. For Mexico international commerce is really important, because import and export are the key factor. Trde transactions make up 63.1 % of the GDP in 2013. With NAFTA Mexico’s trading percentage went up from 30.7% in 1993 to 46.9% in 2013, where imports from NAFTA were53% and exports were 81%. This shows how important NAFTA is. The commercial flow focusus on three stcions though : XVI Machinery, V-Animals and XVII Transport. The US is Mexico’s most important trading partner, because the have 49.1% of the imports in Mexico. This of course has an huge impact un Mexican economy. Companies in Mexico have changed and try to change to a more international standard, so they can compete with the rest of the world and be more efficient, as well as rise the quality of products. Two important factors of the commercial economy are the trade facilitation policies and that there are more and more foreign investments. Mexico is on it’s way to adapt to the international world of economy.
Film: A North America – European Union Free Trade Agreement?
The film is about the role of Canada and Mexico as the US and EU negotiate the Transatlantic Trade and Investment Partnerships. Due to NAFTA there have been great ties between Mexico, Canada and US. So arguing with the EU for a Free Trade Agreement would create the biggest free trade zone in the world and therefore has a huge impact on all of these countries. How can the three countries work together the best together with the EU so everybody will benefit from it? The conference discusses the challenges and opportunities to include all 4 partner in this agreement. Mexico already has
References: www.wilsoncenter.org/event/north-america-european-union-free-trade-agreement