Made in Mexico

1. Made in Mexico By: Cedar, Tyler, Madison, Jae, Bryan

2. CARS • Mexico is the worlds fourth biggest auto exporter • It exports Nissan, Mazda, Honda, Volkswagen, and Audi to the U.S.

3. US imports • Currently Mexico competes with China, India Russia and Brazil • It is growing and predicted to pass them soon especially with the increase in gas price • Because of the proximity to the U.S. and NAFTA it is becoming one of the U.S.’s biggest trade partners

4. Mexico economy growth • Mexico is predicted to become on of the worlds 10 largest economies with a 4% growth rate currently and the new president trying to reach 6% soon

5. Change in the oil industry • PEMEX has been run rather poorly in the past but is looking at improvement • Opening it up to private business using contracts in which private companies would share both reward and risk of drilling

6. Mexico VS China • In 2000 it cost China $.32 per hour to employ a worker and Mexico $1.51 • Last year it cost China $1.63 per hour to employ a worker vs Mexico’s $2.10 • This coupled with NAFTA and the rising price of oil will soon make it cheaper to manufacture things in Mexico