Mexico: A Regional Player in Multilateral Trade Negotiations
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Mexico can be fairly deemed a special case in Latin America regarding to trade liberalization. To begin with, it launched a very ambitious and sustained program of trade reform in 1986, right after the country’s decision to join the General Agreement on Tariffs and Trade (GATT). Physical proximity to the United States also distinguishes the Mexican case, particularly considering US participation in Mexican trade and the drive to constitute a North American Free Trade Area (NAFTA) since 1990. Furthermore, the Mexican reform was highly successful compared to other cases in the region, with the exception of Chile. Indeed, a decade after the reform began, exports and imports accounted for nearly 40 per cent of GDP and manufactured exports increased from 15 per cent to 85 per cent of total exports. Finally, unlike trade reform experiences in larger Latin American peers, Argentina and Brazil, Mexican private sector representatives and organizations actively and effectively participated in the design and implementation of the new policies.
KeywordsEuropean Union Foreign Direct Investment World Trade Organization Trade Policy Trade Liberalization
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