NAMI News
The latest trinational news.Thursday, July 17, 2008
The benefits of doing business in Mexico.
Arizona Business Gazette, July 17, 2008 - “Mexico is not the manufacturing destination it used to be. Maquiladora plants have closed as Mexican labor costs got undercut by cheaper workers in Asia. North American Free Trade Agreement issues have taken a back seat to rapid trade expansion with the giant developing countries of Asia. [snip] But a few stars might be lining up in Mexico’s favor, perhaps putting the country back in the limelight. For example, soaring fuel prices make it more expensive to ship goods from Asia and more costly to fly executives to and from meetings overseas. Plus, the weaker dollar and rising inflation in China have pushed up manufacturing costs there, while congestion at the major Southern California ports can mean snafus for importers who don’t plan ahead.” Read more.
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