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→Trade: NAFTA
Mexico is an active and constructive member of the World Trade Organization (WTO). It hosted the September 2003 WTO Ministerial Meeting in Cancun. The Mexican Government and many businesses support a Free Trade Area of the Americas.
Mexico is an active and constructive member of the World Trade Organization (WTO). It hosted the September 2003 WTO Ministerial Meeting in Cancun. The Mexican Government and many businesses support a Free Trade Area of the Americas.
Trade disputes between the U.S. and Mexico are generally settled through direct negotiations between the two countries or via WTO or North American Free Trade Agreement (NAFTA) panels. The most significant areas of friction involve agricultural products such as sugar, high fructose corn syrup, apples, and rice.
Trade disputes between the U.S. and Mexico are generally settled through direct negotiations between the two countries or via WTO or North American Free Trade Agreement (NAFTA) panels. The most significant areas of friction involve agricultural products such as sugar, high fructose corn syrup, apples, and rice.
Starting in 1994, [[NAFTA]] greatly boosted Mexico's exports to the U.S. and made the country more attractive for foreign investment. It also helped it to weather the 1994-1995 peso crisis by ensuring access to U.S. and Canadian markets. There has been a growth in the orther states of Mexico of large multinational companies whose maquiladora assembly operations have gained an increasingly larger proportion of Mexico's export production. Meanwhile the proportion of production by smaller manufacturing firms and other producers has steadily shrunk. Mexico continues to be an importer of technology and innovative processes, and likewise remains heavily dependent on the performance of the U.S. economy. Manufacturing remains concentrated in the Federal District, Jalisco and Nuevo Leon. Mexico's inadequate road system, particularly in the central and southern states, is a serious impediment to attracting foreign investment in those regions, as well for exploiting the full potential of NAFTA.<ref>Edward J. Chambers, and Peter H. Smith, eds. ''NAFTA in the New Millennium.'' (2002) 520 pp. scholarly studies on trade, labor, migration, transport, and the environment.
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====Agriculture====
====Agriculture====