Mexico was given access to the worlds largest markets by enactment of the North American Free Trade Agreement. (NAFTA) In the years that followed, Mexican entrepreneurs mostly found their road to riches just across the border. But, in today’s economy those riches are also being realized across oceans with shelter companies.
Strategically, Mexico has taken full advantage of the benefits made possible by NAFTA by actively pursuing free trade agreements to help promote their economic growth. With Mexico collecting more free-trade agreements than that of the U.S. and China combined, the pursuit has paid off.
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| IVEMSA |
According to a report by the Oxford Business Group, Mexico has signed free trade agreements with the EU, Israel and the European Free Trade Association (which includes Norway, Switzerland, Iceland and Liechtenstein.) Just over the past decade alone agreements have also been signed with Uruguay, Peru and Japan. Though, by far, the United States is still Mexico's most significant trading partner with over 80% of Mexico's exports headed to the U.S.
Mexico’s commitment to growing relations with their trade partners is a desirable factor for companies looking to do business in the country, as their sustained pursuit of conducting business globally is a clear objective.
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