Country Profile

The united mexican states or mexico, share its borders on the north with the united states, south and west by the north pacific ocean and on the southeast by the belize, guatemala, caribbean sea. Spread on almost 2 million sq. km, mexico is recognized as the fifth largest country in the american continent. Mexico stands on 14th position as the world's largest country. Mexico is federal republic with 31 states and 1 federal district. The country is the free market economy with a GDP at $1.353 trillion. The major share of oil & oil products, fruits, vegetables, silver, coffee and cotton is exported to usa, canada and spain, which in turns has earned revenue of $267.5 billion.

Snapshot

Economic Overview

• Free market economy.
• Mainly dominated by the service sectors.
• The industry sector is a mixture of modern and outmoded.
• Manufacturing accounts for about 22% of GDP.
• Foreign Direct Investment presents a bright picture in the Mexican economy.
• World's fifth-largest oil producer and 9th largest oil exporter.

International Trade
Major Export Items
Agriculture and Forestry, Livestock and Fishing, Mining, Silver, Food, Beverages and Tobacco, Fruits, Vegetables, Coffee, Cotton, Clothing and Footwear, Wood Products, Paper, Printing and Publishing, Petroleum and Petrochemical Products, Chemical, Plastic and Rubber Products, Iron and Steel, Non-Ferrous Metal, Metal Products, Machinery and Equipment.

Main Destinations of Exports
US, Canada, Spain

Major Import Items
Metal Working Machines, Steel Mill Products, Agriculture and Forestry, Agricultural Machinery, Electrical Equipment, Car Parts for Assembly, Repair Parts for Motor Vehicles, Aircraft and Aircraft Parts, Livestock and Fishing, Mining, Food, Beverages and Tobacco, Clothing and Footwear, Wood Products, Paper, Printing and Publishing, Petroleum and Petrochemical Products, Chemical, Plastic and Rubber, Products, Other Non-Metallic Products, Iron and Steel, Non-Ferrous Metal, Metal Products, Machinery and Equipment.

Main Origins of Imports
US, China, Japan

Contacts of Trade Ministries/ Associations

Business Visa Rules
Visa is not required for visitors from Australia, Canada, Chile, Japan, Republic of Korea, Malaysia, New Zealand, Singapore and the United States. Other nationals are usually granted an initial stay in Mexico for 30 days upon arrival.
The following documents are rquired for obtaining the business visa:

• Passport/Identity Card/Travel Card.
• Introductory or sponsorship letters from the associated companies, business representatives, government agencies or other authority.
• 4 passport size photographs.
• Evidence of economic solvency.
• Return air tickets.
• Health certificate may be required in some cases.

Business Hours
9.00 am to 6.00 pm (lunch between 1.30 pm to 3.00 pm)
Government offices may be open much later, until 9.00 p.m. or more.
Note :- Mexicans seldom work on Saturdays and Sundays.

Public Holidays