Manufacturers Look South

By February 7, 2014Economy, Trade

Today, a delegation of 17 companies and U.S. Secretary of Commerce Penny Pritzker wrap up a five-day trade mission to Mexico. The delegation included manufacturers like Boston Scientific and Vermeer, who participated in meetings with high-level Mexican officials and business leaders to discuss commercial opportunities and promote U.S. exports.

Mexico is the United States’ second-largest export market, with over $200 billion in manufactured goods exports in 2013. The Department of Commerce recently announced Look South, an initiative designed to help companies access this market and the United States’ other 10 Free Trade Agreement (FTA) partners in Latin America. FTAs increase market access for manufacturers by lowering tariff and non-tariff barriers. Data released yesterday is evidence that manufacturers are benefiting from these agreements. Click here more information about Look South and here for information on how to take advantage of the program.

 

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