Arkansas wants a larger share of the bilateral trade between the United States and Mexico which represents $1 billion in goods and services every day, reported the City Wire.
In 2011, Arkansas companies exported $697.377 million of goods and services to Mexico last year, the second largest trade partner after Canada for this state, according to the International Trade Administration. Arkansas sectors ripe for export opportunities to Mexico include agriculture, packaging, auto parts, energy and environmental, according to the Arkansas Export Council. As an example, the entire Arkansas poultry industry export to Mexico, according to the U.S. Department of Agriculture.
Arkansas sectors ripe for export opportunities to Mexico include agriculture, packaging, auto parts, energy and environmental, according to the Arkansas Export Council.
Carlos Marron, commercial counselor with Promexico Trade & Investment, said the Mexican economy is growing at healthy 4% clip this year, with inflation running about 3.4%, slightly above that in the U.S. He said the lower inflation rate has armed consumers with more money to spend and helped Mexico’s economy to expand.
