Export Companies in Mexico Research Paper

Pages: 3 (917 words)  ·  Bibliography Sources: 3  ·  File: .docx  ·  Level: Master's  ·  Topic: Literature - Latin-American

Export Companies in Mexico

By the size of its gross domestic product, Mexico is currently the 12th largest economy of the globe. The economic success of Mexico is due to the liberalization of trade and the large portion of private investors in the economic sector. Intense support is also provided by the state institutions, which strive to increase the country's competitiveness through investments in seaports, telecommunications, railroads, generation of electricity, airports and distribution of natural gas.

Mexico generates a large portion of its economic growth on exports, meaning as such that it is sensitive to internal demands. As the economic crisis manifested its tremendous impacts, the global demand for items decreased and the Mexican economy was severely impacted as demand for its production decreased. Aside from the decreased level of exports due to the crisis, the Mexican economy also remains sensitive to several internal issues, such as a weak educational sector, weak infrastructure, outdated labor laws and decreased private investment in the energy sector (Central Intelligence Agency, 2012).

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At the level of exports, Mexico and the general Latin America have focused on the development of free trade agreements, under which the partner countries would be able to exchange products in a free manner, without barriers and additional costs. The most important such agreement is the NAFTA (the North American Free Trade Agreement), through which Mexico developed free trade policies with Canada and the United States. The scope of the agreement was to increase exports to these regions, but imports have increased nonetheless. After the signing of NAFTA, imports from Canada increased from 2.5 to 5 per cent and the imports from the United States increased from 7 to 12% (Central Intelligence Agency, 2012).

Research Paper on Export Companies in Mexico by the Size Assignment

Aside from the trade agreements with the U.S. And Canada, Mexico also signed free trade agreements with other states, such as Honduras, Japan, the European Free Trade Area, Guatemala and so on. In effect, 90 per cent of all Mexican exports are traded under free trade agreements. The primary destinations of the Mexican exports remain however the U.S. And Canada, the first receiving 71.7 per cent of Mexican exports and the latter being the recipient of 7.4 per cent of all Mexican exports. At the level of specific items exported, these include mainly "manufactured goods, oil and oil products, silver, fruits, vegetables, coffee [and] cotton" (Central Intelligence Agency, 2012).

The export rate is increasing in Mexico, following the same trend in the entire Latin America. The exports increase in relationship to countries outside the Latin America, while the exports within the region tend to decrease. The Latin American states increased exports at different rates, the variances being given by state specific features. Throughout 2010 and 2011, a revival has been observed as the export rate… [END OF PREVIEW] . . . READ MORE

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Export Companies in Mexico.  (2012, October 7).  Retrieved March 30, 2020, from https://www.essaytown.com/subjects/paper/export-companies-mexico-size/7054088

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"Export Companies in Mexico."  7 October 2012.  Web.  30 March 2020. <https://www.essaytown.com/subjects/paper/export-companies-mexico-size/7054088>.

Chicago Style

"Export Companies in Mexico."  Essaytown.com.  October 7, 2012.  Accessed March 30, 2020.