Mexico Merchandise

Mexico is regarded as a middle-income country that leads in Latin America’s income per capita and has a free market with a highly export-driven economy. The elementary source of foreign income in the country is oil export. The country signed the NAFTA agreement in 1992 granting the United States and Canadian organizations and companies to open branches, or offices in the country hence, creating more employment opportunities for the people in the country. Canada and the United States have remained the best trading partners with Mexico with about 90 percent of the export products being exported to these countries. Most of the trades in the country are under free trade agreements that NAFTA has continued to extensively contribute to it. About 70 percent of the country’s GDP comes from tourism, hotel operations, transportation, telecommunications, financial, and backing services. Only about 4 percent of the GDP is contributed by the agricultural sector.

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