Hola everyone!
This is Augusto from TCF Mexico.
Thanks to its membership of the North American Free Trade Association(NAFTA), Mexico has been able to become one of the United States’ largest trade partners. It exports mostly manufactured goods, industrial goods, and automobiles. It has a positive trade balance with the United States, and as a consequence, has become one of the largest holders of U.S. treasury bonds.
Mexico became the first Latin American country to enter the Organisation for Economic Co-operation and Development (OECD) in 1994. It was later joined by Chile. Colombia is in talks to join the OECD as well. The current president of the OECD is a Mexican, Jose Angel Gurria.
Mexico is the OECD country with the second highest degree of economic disparity between the rich and the poor, behind Chile. The bottom 10% on the income rung disposes of 1.36% of the country’s resources, whereas the upper 10% dispose of almost 36%. Twenty-six percent of GDP comes from the informal economy, a part of the economy in which almost 60% of the workforce is active.
