Mexico Has More Free Trade Agreements Than US

choi

Dudley Althaus and William Boston, Trade Pacts Gives Mexico the Edge; Auto makers flock to country as export deals help it beat out American South for new plants. Wall Street Journal, Mar 18, 201
www.wsj.com/articles/why-auto-ma ... -the-u-s-1426645802

Quote:

"While the bulk of Mexico’s auto exports go to the US and Canada, its partners in the North American Free Trade Agreement, auto makers increasingly are turning to Mexico as a platform for selling world-wide [because, for example, it is duty free between Mexico and Eurozone].

"The wave of investment has turned Mexico into the world’s seventh-largest producer of cars—it passed Brazil last year—and the fourth-largest exporter after Germany, Japan and South Korea. Mexico has just eclipsed Japan to become the No 2 supplier of vehicles to the US market after Canada. Industry analysts see Mexico’s current annual production of 3.2 million cars and light trucks rising more than 50% to five million by 2018. That would still be far below [current] US annual production of 11.4 million. Of these, six Southeastern states produce about 3.9 million.

Note: View only the graphics. The ranking is by volume (number of cars) in each nation, regardless of the nationality of auto makers.