2020 International Trade And Trends In Mexico Survey - International Law - Mondaq Mexico - Mondaq Business Briefing - Blogs - VLEX 841023836

2020 International Trade And Trends In Mexico Survey

Author:Mr Alejandro Nemo Gomez Strozzi, Mark A. Aiello, Marcos Carrasco Menchaca, Steven H. Hilfinger, Vanessa L. Miller, Christopher M. Swift and Kathleen E. Wegrzyn
Profession:Foley & Lardner
 
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In the three years it took for the United States-Mexico-Canada Agreement (USMCA) to come to fruition, there was much uncertainty surrounding trade relations with Mexico, yet U.S. business executives' bullishness about expanding business to Mexico remained unaffected, according to 160 executives who participated in Foley & Lardner LLP's 2020 International Trade and Trends in Mexico survey.

Respondents - primarily from the manufacturing, automotive and technology sectors - were surveyed about their interest in doing business in Mexico in the weeks leading up the passage of the USMCA. Across all sectors, respondents expressed intent to move business to Mexico from other countries, expand internationally for the first time via Mexico or grow existing Mexican operations - and to do so rapidly, within the next one to five...

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