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Essay text:
Mexico also
possesses a strategic geographic location as a gate way to Latin American
markets.
Mexico is among the fastest- growing export markets for the United
States. In 1985, Mexico became the third largest market for total U.S. exports,
behind Canada and Japan. In 1992, Mexico surpassed Japan as the second largest
export market for U.S. manufactured goods. Mexico now accounts for $1 out of
every $10 of total U.S. exports.
After the passing of NAFTA, bilateral trade was quite balanced in 1994,
with the U.S. registering a surplus of $1.3 billion, virtually unchanged from
1993. However, there was a sharp increase in trade opportunities, as both import
and export growth exceeded 20 percent...
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