ABSTRACT

U.S.-Mexico Economic Relations: Trends, Issues, and Implications [March 19, 2013]   [open pdf - 476KB]

"The bilateral economic relationship with Mexico is of key interest to the United States because of Mexico's proximity, the high volume of trade with Mexico, and the strong cultural and economic ties between the two countries. The United States and Mexico share many common interests related to trade, investment, and regulatory cooperation. The two countries share a 2,000 mile border and have extensive interconnections through the Gulf of Mexico. There are also links through migration, tourism, environmental issues, health concerns, and family and cultural relationships. The 113th Congress will likely maintain an active interest in Mexico on issues related to crossborder trade between the two countries, Mexico's participation in the Trans-Pacific Partnership (TPP) agreement negotiations, economic conditions in Mexico, migration, and border issues. Congress may also take an interest in the economic policies of Mexico's new President, Enrique Peña Nieto, who entered into office on December 1, 2012. During his campaign, Peña Nieto advocated a 10-point economic plan that includes, among other measures, implementing recently passed legislation to counter monopolistic practices, passing fiscal reform, opening up the oil sector to private investment, making farmers more productive, and doubling infrastructure investments. Peña Nieto also endorses an active international trade policy aimed at increasing Mexico's trade with Asia, South America, and other markets. His government is taking an active role in the negotiations for a TPP. This report provides an overview of U.S.-Mexico economic relations, trade trends, the Mexican economy, NAFTA [North American Free Trade Agreement], and trade issues between the United States and Mexico. It will be updated as events warrant."

Report Number:
CRS Report for Congress, RL32934
Author:
Publisher:
Date:
2013-03-19
Series:
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
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