Home / Knowledge / News / 2008 National Trade Estimate Report for Mexico
2008 National Trade Estimate Report for Mexico
09
Apr '08
United States Trade Representative (USTR) releases 2008 National Trade Estimate Report for Mexico. The U.S. goods trade deficit with Mexico was $74.3 billion in 2007, an increase of $10.0 billion from $64.3 billion in 2006. U.S. goods exports in 2007 were $136.5 billion, up 1.9 percent from the previous year. Corresponding U.S. imports from Mexico were $210.8 billion, up 6.3 percent. Mexico is currently the 2nd largest export market for U.S. goods.

U.S. exports of private commercial services (i.e., excluding military and government) to Mexico were $22.4 billion in 2006 (latest data available), and U.S. imports were $14.8 billion. Sales of services in Mexico by majority U.S.-owned affiliates were $11.4 billion in 2005 (latest data available), while sales of services in the United States by majority Mexico-owned firms were $1.7 billion.

The stock of U.S. foreign direct investment (FDI) in Mexico was $84.7 billion in 2006 (latest data available), up from $75.1 billion in 2005. U.S. FDI in Mexico is concentrated largely in the manufacturing, finance, and nonbank holding companies sectors.

The North American Free Trade Agreement (NAFTA), signed by the United States, Canada, and Mexico, entered into force on January 1, 1994. This free trade Agreement progressively eliminates tariffs and nontariff barriers to trade in goods, improves access for services trade, establishes rules on investment, strengthens protection of intellectual property rights, and creates an effective dispute settlement mechanism.

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search