January 1998-Mexico Takes a Step Forward in World Class Automobile Production

Mexico Takes a Step Forward in World Class Automobile Production

Puebla becomes production site for Volkswagen’s “New Beetle”.

Winter Produce Exports From Mexico Boost Arizona’s Economy

NAFTA has contributed to the economic boom of border cities and has opened business opportunities in the United States for distribution and marketing of fresh produce coming from Mexico.

Mexico’s Budget Cuts Signal Prudent Fiscal Policies

Mexico’s Ministry of Finance announced its decision to lower government spending in 1998 by approximately $2 billion.

SECOFI-NAFTA Launches Interactive Web Site

SECOFI-NAFTA, a representative office in the U.S. of Mexico’s Ministry of Commerce, has lunched an interactive site on the Internet to assist U.S. companies doing business in Mexico.

Mexico is U.S. Second Largest Market Worldwide

In 1997, Mexico became the second-largest market worldwide for U.S. goods; only Canada is the only country that imports more.

Mexico and Nicaragua Sign Free Trade Agreement

On December 18, 1997, Mexico’s President Ernesto Zedillo and Nicaragua’s President Arnoldo Aleman signed the Mexico-Nicaragua Free Trade Agreement in Managua, Nicaragua.

Business News Digest

McDonald’s to Invest $100 million in Mexico

Penn Octane Corp. and Tanques Niteo, S.P. Enter into Agreement

Mexico’s Gidusa Plans to Buy 2 Plants in the United States

Motorola Awarded $40 Million Cellular Contract

State Profiles



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