Key, Mexican Boost as Facilitator of Foreign Trade.

Key, Mexican Boost as Facilitator of Foreign Trade.

• Beyond the efforts to promote commercial agreements, Mexico needs to take additional measures to secure its position in the global market.
• Auditing processes, products with an added value, diversification of the economic zones and customs improvement and modernization are critical to the Mexican empowerment.

Mexico City, October 31, 2016. Experts from the Mexican law firm Santamarina & Steta analyzed the critical aspects required to ensure the Mexican detonation as a catalyst of foreign trade in the Americas and Asia. 

Alejandro Luna, partner at Santamarina & Steta, mentioned that regardless of the ratification of the Trans-Pacific Partnership (TPP) or the renegotiation of the North American Free Trade Agreement (NAFTA), there are another critical elements to consolidate, Mexico as a pivot of international trade.

Luna explained that in order to take advantage of this historic time for our country, “Mexico should move forward in the development of its auditing capabilities, improve the infrastructure, increase the added value of the Mexican manufactured products, as well as consolidate the projects of the economic zones and the customs’ modernization”. He also added, “by taking actions regarding these matters, Mexico could secure its position as the entry point in the continent’s trade”.

Finally, the lawyer, whose practice is focused on general corporate matters, including foreign trade, health regulation and immigration matters, pointed out the importance of diversifying the Mexican reach on trade, beyond the North American market.