Thursday, October 28, 2010

Mexico's economy

Bringing NAFTA back home

Despite Chinese competition, Mexico’s exports are growing. But the country is still not taking full advantage of its trade agreement with the United States

Tuning up the engine of trade

AT THE moment it is just a thousand hectares of mud on the outskirts of Monterrey, a bustling industrial city in northern Mexico. Soon it should be the “Interpuerto”, a customs-clearing zone to speed goods on their way to the United States via two rail lines and the motorways to which it will be connected. The aim of the $2 billion project, backed by the state government of Nuevo León and private investors, is to allow cargoes to skip the long queues at customs posts on the border, 240km (150 miles) to the north.

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