Mexico Manufacturing Industry Invited To TPP Talks
Mexico’s Manufacturing Industry will receive increased invigoration through a recent invitation to participate in TPP (Trans-Pacific Partnership) negotiations to be held in early July in San Diego, California. Ambassador Ron Kirk stated, “we are delighted to invite Mexico, our neighbor and second largest export market, to join the TPP negotiations,” further indicating that Mexico’s interest in the TPP reflects its recognition that (it) presents the most promising pathway to boosting trade across Asia-Pacific, and to encouraging regional trade integration.” Undoubtedly, the recent announcement represents great benefit for the Mexico manufacturing industry as it continues its economic expansion and job creation momentum already charging full steam ahead.
Co-Production International, an administrative services provider of the IMMEX (shelter) program, which offers administrative services and set-up for the Mexico manufacturing industry in the Baja region, suggests Mexico’s participation in TPP is indeed good news for Mexico. Mexico’s President Calderon stated “this is one of the free trade initiatives that is most ambitious in the world and would foster integration of the Asia Pacific region, one of the regions’ with the greatest dynamism in the world.” So far, TPP countries have held 12 rounds of negotiations with nine countries making substantial progress. TPP is a multilateral free trade agreement seeking to further liberalize economies within the Asia-Pacific region.