Mexico Exports more High Tech than China

The NAFTA (North American Free Trade Agreement) has been very successful, and the Mexican economy improved its competiveness, and not only because its low wages and a weak peso. Here are some highlights regarding NAFTA:

• The exports are currently a 1bn a day (they were dreamed to be $10bn a month)
• High tech exports account for more tan 17 per cent of México GDP in 2012, even ahead of China (Press release ProMexico’12)
• Investments of $10 bn in new car plants are expected in the coming years
• The automobile industry accounts for a quarter of Mexican exports
• Mexico produces more flatscreen TVs than any other country in world
• It created a multibillion-dollar aerospace industry
• The aerospace industry has been growing more than 20 per cent a year since 2004
• The car industry has received an investment of 7.7 billion dollars during last seven years

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