Friday, March 5, 2010

Dzidzantún / México / Trade

The United States was the destination for about 80% of Mexico’s exports in 2008. Top Mexican exports to the U.S. include petroleum, cars, and electronic equipment. There is considerable intra-company trade. Top U.S. exports to Mexico include electronic equipment, motor vehicle parts, and chemicals. Mexico is the second-largest export market for the United States.

Mexico is an active and constructive member of the World Trade Organization (WTO), the G-20, and the Organization for Economic Cooperation and Development (OECD). It hosted the September 2003 WTO Ministerial Meeting in Cancun. The Mexican Government and many businesses support a Free Trade Area of the Americas.

Concerns about trade measures and practices between the United States and Mexico are generally settled through direct negotiations between the two countries or addressed via WTO or North American Free Trade Agreement (NAFTA) formal dispute settlement procedures. The most significant areas of friction involve agricultural products such as livestock and sweeteners as well as cross-border trucking. To address the issues that affect these industries in a manner consistent with the principles of free trade, the United States and Mexico have established technical working groups.

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