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Mexico: Latin America
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Mexico is an active and constructive member of the World Trade Organization (WTO). It hosted the September 2003 WTO Ministerial Meeting in Cancun. The Mexican Government and many businesses support a Free Trade Area of the Americas.
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Geographically speaking, Mexico is not South America. Being under the USA is not a criteron for geography. Nor is it easy to say 'Latin' America, because such a word stinks of racism.
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Mexico has the second largest defence budget ($6.07 billion USD)[49] and armed forces[50] in Latin America. Mexico's military strength includes 503,777 total personnel, of which around 192,770 are active in the frontline.[51] The Mexican Military has three branches; the Mexican Army, the Mexican Air Force, and the Mexican Navy.
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Trade disputes between the U.S. and Mexico are generally settled through direct negotiations between the two countries or via WTO or North American Free Trade Agreement (NAFTA) panels. The most significant areas of friction involve agricultural products such as sugar, high fructose corn syrup, apples, and rice.
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In a related move, Cooper Tire has finalized a production arrangement with Corporacion de Occidente to produce certain radial passenger tires in their production facility in Guadalajara, Mexico. The sourcing will be arranged in three phases, with a gradual ramp up to a targeted unit volume of nearly 2.5 million units per year. Passenger radial tires will be produced under this arrangement for sale in the North American market as well as in Mexico. All tires will comply with Cooper Tire's rigorous quality and testing standards, which meet or exceed all federal manufacturing guidelines. Tire production is expected to begin in the fourth quarter 2007.
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Telcel is Mexico's leading wireless operator with 13.2 million customers and 70 percent market share (reported June 2001). In operation since 1989, Telcel offers a wide array of voice and data services, and is the only carrier with nationwide coverage and automatic roaming in Mexico. For more information, visit the web site at: www.telcel.com. Telcel is a subsidiary of America Movil [NYSE: AMX] [NASDAQ: AMOV] [BMV: AMX], one of Latin America's largest cellular communications providers. www.americamovil.com
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