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Business
overview
Mexico is one of the world's most trade dependent countries, and
it is particularly dependent on trade with the U.S, which buys
approximately 85% of its exports. Top U.S. exports to Mexico include
motor vehicle parts, electronic equipment, and agricultural products.
Top Mexican exports to the U.S. include petroleum, cars, and electronic
equipment. There is considerable intra-company trade.
Mexico is an active and constructive
participant in World Trade Organization (WTO) matters, including
in the launching of the Doha trade round. The Mexican Government
and many businesses support a Free Trade Area of the Americas.
Given the overall size of trade between
Mexico and the United States, there are remarkably few trade disputes,
involving relatively small dollar amounts. These disputes are
generally settled in WTO or NAFTA panels or through negotiations
between the two countries. The most significant areas of friction
involve trucking, sugar, high fructose corn syrup, and a number
of other agricultural products.
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