Make Mexico Great Again In an interview last Friday, US Secretary of Commerce, Wilbur Ross, spoke on positive considerations for Mexico in the looming NAFTA renegotiation that resulted in a Mexican peso surge. It appears that Ross is discussing the possibility of asking Mexico to consider raising its minimum wage. The Mexican minimum wage is […]
Border Tax – Mexico Win or Loss? There has been much discussion in the media concerning the a border tax and its effect on international trade. Of importance to us is the potential effect on our clients. The current administration is questioning if restrictions of trade is the key to job creation in the U.S. […]
Mexico has been steadily producing skilled labor for generations, but renewed emphasis in recent years has produced a boom. Mexico’s government has become quite proactive in training their youth to fill skilled roles in manufacturing and other areas vital in a global market.
Many good numbers are coming out pointing to US job growth. But there are also many negative reports that seem to contradict the good news. Why are so many Americans not working? Will bringing skilled labor jobs back home and renegotiating foreign trade deals answer the employment question in the US? Or is there more to this equation?
Due to aggressive political rhetoric from incoming US President, Donald Trump, many executives in North America are concerned that NAFTA may be overhauled or renegotiated. Trump has made such a proposition central to his campaign, yet there are few decision makers actually pushing for NAFTA renegotiations. Not all member nations support such a drastic move.
Mexican economic ties span the globe. The Latin American country aggressively pursues trade relationships with numerous countries, resulting in a trade network that rivals any in the world. In recent years, Mexico has sought to increase economic relations with Asian countries, including the small Asian country of Vietnam. Mexican Economic Ties with Vietnam As Mexico […]
It is no surprise that we’re seeing China Manufacturing Moving to Mexico. Political rhetoric in the US lately is down on international trade and down on trade partners, China and Mexico. It comes as no surprise that these two manufacturing countries have been strengthening ties in recent months and even years. The two countries have […]
Talks are underway between the United States and the European Union to improve US-EU free trade. While current political rhetoric leads some to question whether NAFTA might be scrapped or tariffs with Mexico raised to 35%, it is insightful to see the level of consistency in the terms found in NAFTA and in the developing Transatlantic Trade and Investment Partnership (TTIP) with the EU…
China has long been the offshoring destination of US companies seeking to reduce costs. However, as China’s labor costs and freight costs rise, many are coming back home to North America in search of better alternatives. Many manufacturers leaving China are finding Mexico to be that better alternative.
Mexico is vying to cement their status as North America’s manufacturing hub, and sweeping changes are underway to ensure a strong economic future for the Latin American country. Mexican infrastructure improvements are already increasing international investment, and a new plan is underway to expand the country’s capacity and growth in coming years.