Clothing Industry in Mexico
Industrial Revolution Project (Clothing Industry in Mexico)
Within the past decade, Mexico has emerged as a major exporting country for the textile industry. Over 17,000 companies now participate in the textile sector in Mexico alone, generating well over eight hundred thousand jobs in 2001 (economia-bruselas). The overall textile jobs make up approximately 5.4 percent of total employment, and 20.4 percent of manufacturing employment. Mexico’s geographic location also assists in their success. The country’s position between North and South America make Mexico a pivotal location for the exportation market. Mexico’s Free Trade Agreement with the Americas allow for certain countries for preferences, accounting for over half of the world’s GDP (economia-bruselas). Mexico established a Free Trade Agreement with Europe in 2000, which allowed for more economic cooperation between the two. Because Mexico and Europe could come to this agreement, both parties received economic benefits. The agreement also scheduled tariff elimination, which could allow European countries to compete with NAFTA in Mexico and give them [Europe] access to North and South American markets. NAFTA (North American Free Trade Agreement) is the most important aspect to Mexico’s textile sector. In 2001, 74 percent of the overall textile exports were to NAFTA (economia). Mexico has been the main supplier of clothing in the United States since 1996. The Mexican government strongly supports the textile industry, introducing programs to strengthen competition of firms and setting up investing opportunities. The government faced modernization at the turn of the century, introducing technological solutions and allowing workers to develop technical skills. This was believed to promote innovation and persuade foreign and domestic investment (economia). In 2001, Mexico faced an issue surrounding NAFTA. The United States and Canada faced a drop in demand, and Mexico’s apparel
Within the past decade, Mexico has emerged as a major exporting country for the textile industry. Over 17,000 companies now participate in the textile sector in Mexico alone, generating well over eight hundred thousand jobs in 2001 (economia-bruselas). The overall textile jobs make up approximately 5.4 percent of total employment, and 20.4 percent of manufacturing employment. Mexico’s geographic location also assists in their success. The country’s position between North and South America make Mexico a pivotal location for the exportation market. Mexico’s Free Trade Agreement with the Americas allow for certain countries for preferences, accounting for over half of the world’s GDP (economia-bruselas). Mexico established a Free Trade Agreement with Europe in 2000, which allowed for more economic cooperation between the two. Because Mexico and Europe could come to this agreement, both parties received economic benefits. The agreement also scheduled tariff elimination, which could allow European countries to compete with NAFTA in Mexico and give them [Europe] access to North and South American markets. NAFTA (North American Free Trade Agreement) is the most important aspect to Mexico’s textile sector. In 2001, 74 percent of the overall textile exports were to NAFTA (economia). Mexico has been the main supplier of clothing in the United States since 1996. The Mexican government strongly supports the textile industry, introducing programs to strengthen competition of firms and setting up investing opportunities. The government faced modernization at the turn of the century, introducing technological solutions and allowing workers to develop technical skills. This was believed to promote innovation and persuade foreign and domestic investment (economia). In 2001, Mexico faced an issue surrounding NAFTA. The United States and Canada faced a drop in demand, and Mexico’s apparel