| MEXICO BACKGROUND & ACTUALITY |
Mexico has experienced in the last years, an endless amount of changes in its economical and political landscape that now, after a considerable effort, place it as one of the thirteen most important economies in the world, supported in a sound and solid democratic atmosphere. Mexico has emerged from critical financial situations thanks to its society with profound roots in family, honesty and hard work principles, which accentuated with the private sector nationalism and continued effort, have demonstrated how Mexican businessmen along with their foreign partners can establish successful business relationships and one of the most important value integration chains worldwide. |
The above-mentioned premises have not passed unseen without rendering promissory results. In the last years, Mexico consolidated its participation in the North American Free Trade Agreement (“NAFTA”), becoming the second commercial partner to the United States of America. Mexico’s industrial infrastructure has grown significantly by becoming a leader in Latin America. However, being a part of the NAFTA was not the universal solution to Mexico’s development. In the early months of year 2000, Mexico finally closed negotiations with the European Community and signed the first Free Trade Agreement with a non-member of the European Community, which enabled our country to become the first country to have Free Trade Agreements with the two largest markets in the world, being the coincidence point of the North American and European markets and investment portfolios. Mexico has also signed Free Trade Agreements with Central and Southern Latin American countries, Japan and Israel. |
The Mexican Government has not been aside of this situation, making three basic efforts, by rationalizing public expenditure, promoting Mexico's advantages compared to other emerging countries in the world and fomenting democratic institutionalization of the State structures. |
Furthermore, Mexico’s participation in the River Basin of the Pacific and its considerable influence in Latin America as its gateway, has transformed Mexico in an export giant and an important domestic market, considering Mexico’s over 100 million inhabitants that in their majority average less than 35 years old. The aforementioned environment has of course been subject to a continuous legislative process through the issuance of an important number of laws and regulations in the different areas of Mexico’s economy, that today make business operations a concrete but complex legal system in which, counting with professional legal advice is an indispensable requirement. |
