Mexico has been admitted to OECD beginning of 1994. The extraordinary wealth of raw materials, especially oil, contributed to its transition to an industrial state. The main industries are the automotive as well as automotive supply industry, petrochemical, chemical and textile industry.
Mexico counts among the most industrially advanced and low cost countries in Latin America. The Free Trade Agreement with the U.S. and Canada, which came into force in 1994, had a strong impact on the growth of investments. It has also signed commercial agreements with several Latin American countries, Europe and Asia, being a strategic spot for globalized investors. Mexico’s economy had been increasingly privatized over the recent years in the areas of banking, railways, sea- and airports. The liberalization of the energy sector is further progressing. In the areas of telecommunication and petrochemicals reforms are expected.
For more information about the new Ecovis partner in Mexico, please visit http://www.quibrera.com
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