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Mexico has different FTA This has given companies easier access to markets within a legal framework with conditions that offer them good conditions for trading abroad.
The Mexican economy is open and competitive today, but this has not always been the case. Almost 25 years ago, the country had a closed and protected economy. One of the first steps to achieve this was the 1994 Free Trade Agreement with the United States and Canada (NAFTA).
This treaty has been revised to make room for a new treaty that will allow trade relations between the three countries to continue on an equal footing and in accordance with the situation in which we live.
However, Mexico has more trade agreements with other nations, which has allowed it to change the economic structure. The list of contracts includes:
It came into force in July 2015. One year after both countries came into force, they traded at $ 949 million. Thanks to this, the economic integration of these two nations has been consolidated and is now a great business opportunity for Mexican entrepreneurs.
2. Mexico-Central America
This is a contract between Mexico, Costa Rica, Guatemala, Honduras, El Salvador and Nicaragua. It came into force for Mexico in 2012. By 2016, trade with Central America accounted for 21% of Mexican trade. Almost a quarter of Mexican exports and 17% of Mexico’s imports in the region come from Central America.
This is one of the trade agreements that opened up between the two countries, made trade and investment transparent and favored customs issues. Thanks to the agreement, Mexico can deepen the export of trailers, trailers, styrofoam, soft drinks, chickpeas, orange juice, durum wheat, turkey and tomato preparations, to name just a few.
The aim is to expand and diversify exports between the two nations within a legal framework that promotes competition and lines of action within a legal framework. It has been in force since 2004. Up to 2016, Uruguay is the 15 trading partner, 17 export destinations and 10 suppliers for Mexico in Latin America.
It has been in force since 2012. Under this contract, Mexico exports televisions. In 2015, Peru was Mexico’s fifth trading partner for LAC automobiles and auto parts. Tractors and semi-trailers; Shampoo and diesel trucks. Mexico imports natural gas, coffee, tea and spices, tomatoes, machines for the coffee industry and grapes (vines).
Mexico has other trade agreements with other nations in addition to the T-MEC / Image: Depositphotos.com
It came into force in 1999. Both countries are extremely open to trade. Trade with Chile has grown by 193.0% since the free trade agreement came into force. In Latin America and the Caribbean, Chile is Mexico’s third largest trading partner, third export destination and second supplier.
It has been in force since April 2005 and promotes the free movement of goods, people, services and capital between the two nations.
It has been a contract since 2000. Since the entry into force of the free trade agreement, Mexico’s trade with Israel has grown by 157.8%. Among the Middle East countries, Israel is Mexico’s main trading partner in the region, with which we do almost half of the trade (45.2%).
9. Pacific Alliance
This alliance is signed between Chile, Colombia, Mexico and Peru. It has been subscribed to since 2016.
This is one of the most ambitious trade deals. It integrates the participation of countries from four regions: North America, South America, Oceania and Asia. This agreement establishes trade relationships with 51 countries such as Brunei, Malaysia, Chile, Peru, Australia, Japan, New Zealand and Singapore.
This is a great business opportunity. The economies included in the CPTPP account for 13.5% of global GDP with a total value of $ 10 trillion.
In addition to these contracts, there is the T-MEC and the trade agreement with the European Union.
Mexican companies have a large expansion market through the trade agreements they have signed worldwide. With Premo, you can enable and export all of your plans wherever you want.