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Since NAFTA was signed, Mexico's trade with the U.S. and Canada has tripled. With 85% of Mexico's exports going to the U.S., the Mexican economy has become very reliant on the United State's economy. In a push towards a more globalized economy, Mexico has signed 12 trade agreements with 43 other nations, putting 90% of its trade under free trade regulations. These agreements has made Mexico's trade policy one of the most open in the world, in an effort to encourage trade with other countries, and relieve the over dependence on the U.S. economy (Weintraub).
Mexico has been established as a middle-income country with the highest income per capita in Latin America of $6,790...
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