Verified Document

Trade Partners Term Paper

¶ … trade in Mexico. The writer explores the nation's dependency on the U.S. And presents plans to reduce that dependency and increase other options. There were five sources used to complete this paper. As the world continues to globalize many of the previous boundaries that were experienced have been removed. This means advancements in technology, communication, manufacturing and other areas. Mexico is frequently accused of being too dependent on the United States. With the globalizing moves forward there have been many new horizons for the country of Mexico to explore regarding trade. Reducing its dependence on the United States and expanding its interdependence with other nations will provide Mexico with bargaining power when it comes to its dealings with the states in the future.

Within the last decade the trade abilities and clout in Mexico has improved significantly. Whereas Mexico used to be almost exclusively dependent on the U.S., the more recent years and worldwide globalization have changed it all for the better (Giant, 2000). Mexico recently enjoyed the honor of being named as a main trade power in the world. "The World Trade Organization officially labeled Mexico as a one of the main trade powers in the world, with international trade growth of 20% over the last two years (Giant, 2000)."

While it was a compliment to the improved methods that the nation uses for trade it was still dependent on the fact that 90% of its export business is aimed at...

For Mexico to maintain its momentum and gain ground in the future it will be essential to develop trade relations with nations outside of the U.S.(Giant, 2000).
There are several reasons for Mexico to improve and step up its trade relations with countries besides the United States. One of the strongest reasons has to do with the dependency on one nation. If Mexico does not move to spread its export and import trade equally among several large nations, while also building constant relations with smaller nations as well it will never build its ability to bargain (Free, 1999). As long as the nation is chiefly dependent on the U.S. The U.S. has power over tariffs, import and export fees and other things. Once Mexico begins to establish itself as a power with a diversified base of business it will have a stronger bargaining table to work with.

One of the most promising future endeavors that Mexico has been developing over the last few years has been its trade relationship with Canada (Canada, 1995). "Free trade was broadened considerably by the U.S.-Canada Free Trade Agreement (CFTA), which came into effect in 1989. The CFTA eliminated many trade barriers and provided for consultative management of trade disputes. CFTA gains were broadened by the signing of the North American Free Trade Agreement (NAFTA), which added new areas of economic activity - additional service sectors and investment - and a new country - Mexico (Canada, 1995)."

Mexico's…

Sources used in this document:
References

____ (1999). Attacking free trade growing pains., La Prensa de San Antonio, 02-28-1999, pp 2A.

____(2001). EU DIPLOMAT SEES MEXICAN DEMOCRACY OPENING INTERNATIONAL TRADE DOORS., Infolatina, 01-03-2001.

____able (1995). Fact sheets: Canada.(includes a country profile). Vol. 6, U.S. Department of State Dispatch, 03-06-1995, pp 165(7).

____(2000). MEXICO BECOMES TRADE GIANT, SAYS WTO., Infolatina, 04-16-2000
Cite this Document:
Copy Bibliography Citation

Related Documents

Trade in the UAE
Words: 670 Length: 2 Document Type: Research Paper

Trade between UAE and rest of the world The level of trade has intensified between the United Arab Emirates and the rest of the world. Since the UAE have become members of the World Trade Organization in 1996 the country has become more involved in international trade. The success of UAE's trade activity is revealed also by the trade surplus of 470,939 million AED in 2012. This trade surplus can be

Trade Between the United States and Japan
Words: 1252 Length: 4 Document Type: Term Paper

Trade between the United States and Japan [...] trade between the United States and Japan, such as exports and imports of goods, exports and imports of services, tourism, and investments. Japan and the United States are two of the premier forces in trade around the world. The two countries depend heavily on each other in a variety of trade areas, from electronics to tourism and banking. Together, they form

Trade Finance USA and Bangladesh
Words: 994 Length: 3 Document Type: Essay

The United States is the #1 export partner for Bangladesh, representing 13.9% of Bangladesh's exports. However, the US is not one of the countries from which Bangladesh primarily imports (CIA World Factbook, 2017). The total trade between the two countries in 2016 was around $6.8 billion, $5.9 billion of which was from Bangladesh to the US. Imports of American goods to Bangladesh totalled just $895 million. Bangladesh is thus the

Trade Deficit
Words: 1060 Length: 3 Document Type: Essay

Economics One of the current economic issues in America is the trade deficit, which is persistent and in most years growing. The U.S. had a slight trade surplus in the early 1980s, but since then has had a trade deficit. The deficit was growing through the mid-2000s and while it is still quite large, the straight downward trend in the trade deficit has flatlined (Trading Economics, 2014). The U.S. still has

Will Brazil Become a Global Trade Partner
Words: 1191 Length: 4 Document Type: Essay

1. Substitute strategy or substitution strategy was put in place by Brazil’s government following the 1930’s Great Depression because of the disastrous turn of events in its economy. With coffee being its main exporter at the time, Brazil had to change its economy. It did so during this time by creating an import substation strategy where the government would invest a massive amount of money and targeted key industries. Along with

Trade Between China and the United States
Words: 2499 Length: 8 Document Type: Essay

Trade Between China and the United States This paper discusses some theories about international trade, and why countries trade with one another. The first trade theory that warrants discussion is specialization, something that Adam Smith touched on. He used the analogy of specific professional to illustrate this theory -- nations do what they are best at. A quick look at the relationship between the U.S. And China illustrates this quite well.

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now