Put Your Trust In Mexico For International Exports And Economy
Have you checked tags of the merchandise in one of your favorite stores lately
? Have you seen the phrase "Made in Mexico" on your shirt tag? Seldom? Never? Let's learn the reason behind that.
Since the Mexican government's dictatorial rule ended several decades ago, the private sector has been well provided with the freedom to have their businesses grow and prosper. Year 1980 marked the start of rapid growth in many industries evidenced by the numbers produced scaled through the GDP or Gross Domestic Product. A 2.3% per year rise was observed that then jumped to 3.9%, growth rate was at 7.2%. It was then known as the Mexican Miracle. In the year 1990, Mexico was added on the list of the nations with admirably stable and greatest economy.
The country has five major industrial cities: The nation's capital Mexico City, Guadalajara from the south west, Ciudad Juarez located on the eastern side, Monterey and Tijuana.
It is now one of the most developed manufacturing hub of the central America. The country's manufacturing industry thrives on food and beverages, tobacco, clothing, and textile. The bread and butter of the Mexican economy are the manufacturing of iron and steel (including metalworking), petroleum and vehicle. In fact, major players in the car industry like Chrysler, General Motors, Volkswagen, and Ford made investments and camped in the country to have the job done.
Small industries are even present in the country like furniture and wood works, footwear and metalworking nurturing its export oriented economy.
Investments are coming in mainly from the economic allies of Mexico because of its many economic friendly agreements with 40 other progressive countries such as those of the European Union, USA, Japan, China and Israel. List of the Free Trade Agreements are as follows: NAFTA (North American Free Trade Agreement), and WTO (World Trade Organization).
As an example of foreign investment, the re-exporting manufacturing was born and was so called maquiladoras. They are tactically located near American borders. This industry is tasked to process and assemble raw materials which are then exported to the US and other neighboring countries.
It's not a requirement for you to study the Spanish language as the country comprehends English as well, 85% of the Mexican society can read and write English. Having said it all, it is now noted that Mexico is the official rival of China in manufacturing and export industry.
You would see the "Made in Mexico" rarely on your clothes, bags, and shoes. But, know this, theyre behind the creation of your favorite items, remember the maquiladoras.
With this objective in mind, the institution supports the export activity of companies established in the country and co-ordinates actions to attract foreign direct investment to national territory. ProMexico was established on June 13, 2007, as a sectoral public trust under the Ministry of the Economy, and operates through a network of 25 offices throughout Mexico and more than 27 offices abroad.
by: Pro Mexico
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