LATIN AMERICA MEXICO
   
ECONOMY - MEXICO

Principal agricultural cultures are intended for internal consumption and are the sorghum, the corn, the corn, rice, the beans and potatoes whereas the coffee, the cane with sugar, the fruits and the vegetables are intended for export. The economic contribution of the agricultural sector (and fishes it which is the greatest source of employment in the coastal zones) dropped since the Eighties. The greatest growth of the economy is being carried out in the treatment of food and the automobile manufacturer sector in more of industries of iron, steel, preparations chemical and machineries. There exists also much of industries of subcontracting. In these factories, the finished products with half or the raw materials arrive from the United States, these products once finished in Mexico set out again in direction of the United States. From this way, the United States profits from the low wages and the weak Mexican taxes, and also benefits from the absence of requirements safety, medical and environmental contamination. Mexico has an important exploitation of mines and produces an important mineral range, of which money, bismuth, arsenic and antimony. The country also has small reserves of suffers, iron, zinc and cadmium. But the greatest natural richness of the country which brought back the most incomes, is oil and its derivatives which constitute a third of the total of Mexican exports. When the price of oil was high the government invests the incomes in the industrial development of the country, although since the end of the Seventies much of efforts were stopped because of the refunding of the foreign debt and the economic reorganization required by the IMF. In the sector of the services, tourism is particularized. The economic relations with the economic giant of North developed since 1993 with the incorporation of Mexico in the Free trade area of North America (NAFTA, North American Free Trade Area) which created an open market between the United States, Canada and Mexico. Mexico is also member of the Latin-American Association of Integration (ALADI), of the Economic Forum of Asia and the Pacific (APEC) and the Group of the Three (with Colombia and Venezuela). Its principal trade partner is the United States with which it exchanges 70% of its exports and imports. The other principal trade partners are Spain, Japan, Germany and the United Kingdom.

Communications:
Mexico has 243 785 km of roads (motorways and trunk roads) and of 26 613 km railways. There are 50 international airports and 33 nationals, and, along the coasts, activate 140 seaports. Lastly, nearly 9 million telephone lines are of use in the country.

 

 
 
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