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• There were commercial systems called “Tianguis”. • They commercialized all kind of products like ceramic, slaves,grans, gemstones, etc.
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• Mexico was known as the New Spain.
• Had a trade relationship with Spain´s Kingdom.
• The main product of exportation was silver.
New Spain imported silk and spices from China and India. -
The relation between Mexico and Spain was affected because of the forfeiture of independence and fights between liberals vs conservatives
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• Started the variety of exportations firstable raw materials
(mining, farming, animals breeding)
• Stops being a monoexporter country
• Became an importing country of intermediate and capital
goods. -
• Mexico and EE. UU stablished relations thanks to the
railway.
• EE. UU became the main country at the Mexican exportations. -
• Was caused by the commercial protection and it obstructed
exportations
• New York´s stock exchange falls and it causes that exportations of Latin-American stop and the prices of raw materials reduce considerably. -
• Mexico started to export manufactured products like textiles, foods, drinks and raw materials like “iron”.
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• Mexico decided foment the development of industrialization
through import substitution.
• This protection measures, had official prices in some goods and some prohibitions to the importations of some products. -
• Foreign trade was affected because of the situation because from 1918 to 1921 the prices of silver and petroleum increased.
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• Miguel De La Madrid was president; starts a new economy oriented to “international trade”.
• This decode had a lot forfeiture because at the external debt
• Mexico joins to the General Agreement on Tariffs and Trade (GATT) in 1986. -
• This agreement started the first of January in 1994.
• This agreement contituted the elimination of tariffs and free transit of goods and service originated in these counties. -
• During these years Mexico was in top 10 of International Connections
• The Maritime transport has 29% value of importations and 28% of exportations.
• It has 117 ports that allow the trade. -
• The 66% of the foreign trade in Mexico is with the United States.
• The petroleum is the product that the United States import more and Mexico imports gas from the United States. -
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which threatens to withdraw EE.UU of the TLC and increases 35% in tariffs.
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The new Mexico-United States-Canada Treaty agreement is signed. T-MEC
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