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Mexico: A regional trade finance lynchpin
16 February 2010
Alexander R.Malaket explores the state of trade and trade finance in Mexico at a time when the country’s two Nafta partners are each dealing in their own way with the consequences of the crisis.
Read more:
[NAFTA]
[Mexico trade finance]
[re-export]
[US consumer]
[Machiladora]
[Mexico working capital]
[HSBC Mexico]
[Scotiabank Mexico]
Mexico is accustomed to crisis and has learned under difficult conditions, to manage its financial system and its economy. The Mexican financial sector is heavily influenced by the presence of foreign based international banks which inevitably influences the trade financing landscape in the country.
An exploration of the state of the Mexican trade and trade finance market elicits a variety of views from those who know the market best: on one level, Mexico is described as having suffered from the ‘symbiotic relationships’ facilitated and engrained between Mexico, the United States and Canada under the North American Free Trade Agreement (Nafta). On the other hand, commentators point out that Mexico knows about crisis, and has faired better than some would have expected – indeed, comes out in a better position on a go-forward basis than the one in which it entered the crisis.
In pre-crisis days, Mexican businesses and financial service providers...
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