How Mexico’s Top Industries Have Benefited from USMCA Updates
Ivemsa
APRIL 7, 2022
The North American Free Trade Agreement (NAFTA) served its participating countries well by placing value on nearshoring and as a result, it boosted exports, created manufacturing jobs, and increased wages for industrial labor. From 1994-2006, light vehicle production more than tripled, increasing from 1.1 manufacturers to grow as well.
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