U.S.-Mexico Economic Relations: Trends, Issues, and Implications [April 27, 2017] [open pdf - 984KB]
"The economic and trade relationship with Mexico is of interest to U.S. policymakers because of Mexico's proximity to the United States, the high level of bilateral trade, and the strong cultural and economic ties that connect the two countries. Also, it is of national interest for the United States to have a prosperous and democratic Mexico as a neighboring country. Mexico is the United States' third-largest trading partner, while the United States is, by far, Mexico's largest trading partner. Mexico ranks third as a source of U.S. imports, after China and Canada, and second, after Canada, as an export market for U.S. goods and services. The United States is the largest source of foreign direct investment (FDI) in Mexico. [...] The 115th Congress faces numerous issues related to U.S.-Mexico trade and investment relations. The Administration of Donald J. Trump has proposed renegotiating NAFTA [North American Free Trade Agreement], or possibly withdrawing from it. Congress may wish to consider the ramifications of renegotiating or withdrawing from NAFTA and how it may affect the U.S. economy and foreign relations with Mexico. It may also wish to examine the congressional role in a possible renegotiation, as well as the negotiating positions of Mexico and Canada. Mexico has stated that, if NAFTA is reopened, it may seek to broaden negotiations to include security, counter-narcotics, and transmigration issues."
CRS Report for Congress, RL32934
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html