Commercial relations of Mexico with the world

Mexico is a country that is characterized by its solid presence in the international trade scene. This is largely due to the strategy that our country has taken to open and diversify its foreign trade by establishing a network of trade agreements with countries and regions around the world.

Mexico trade relations

Currently alone, Mexico has a network of 14 Free Trade Agreements with 50 countries (FTAs), 30 Agreements for the Promotion and Reciprocal Protection of Investments (APPRIs) with 31 countries or administrative regions and 9 agreements of limited scope (Agreements of Economic Complementation and Partial Scope Agreements) within the framework of the Latin American Integration Association (ALADI).

According to our country, these treaties are designed with the purpose of promoting international investment flows and providing certainty to the operations carried out by foreign businessmen.

On the other hand, the countries with which there are no free trade agreements are China, South Korea, India, Taiwan, Thailand, the Philippines, Russia, Indonesia, Turkey, Hong Kong, Venezuela and South Africa, although of course they trade with they.

As for Mexico’s main trading partners, they could be in the following order:

1. United States
2. Canada
3. European Union
4. Japan
5. Central America (Cuba, Panama, Guatemala, Honduras, Costa Rica, El Salvador, Nicaragua and Dominican Republic)
6. Pacific Alliance (Chile, Peru and Colombia)
7. Germany

Benefits of Mexico trade agreements

• Reduction of costs for consumers, as well as expansion of the market for companies, increased competitiveness and job creation.
• They help reduce tariff barriers that can hinder the flow of goods and services.
• Regulations that protect intellectual property, electronic commerce and employability improve.
• They offer companies and consumers in the countries various options for goods and services.
• They promote competitiveness between businesses by achieving the development of innovative technologies and practices.
• They strengthen regional economic integration.
• They open the doors to broader markets.
• They drive competitiveness and entry into a greater variety of products and services.
• They support the elimination of regulations and trade barriers.
• They promote the exchange of technology.
• They promote private investment.
• They inspire stability in long-term investors, which can also promote jobs in the export industry.

Based on all of the above, we can say that Mexico’s trade agreements have generated a great impact on the country’s economy, taking it to a very privileged position in the international trade panorama.

If your company needs to carry out foreign trade operations, do not hesitate to contact our customs agency to be successful in each import or export. We are experts with more than 25 years of experience in the sector.

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