Crucial percentage

Article Abstract:

Mexico is in a dilemma over the disputed local content percentage in negotiations for the North American Free Trade Agreement (NAFTA). While Mexico wants to draw more Asian investors, the US wants to make the treaty an insurance against Asian competitors operating just outside its borders. US negotiators want foreign companies to utilize at least 60% North American content in manufactured products to qualify for free trade. Asian companies, on the other hand, have asked Mexico to argue for 50% local content at most. The situation is further muddled by the issue of how to measure local content.

Mexico, Domestic content (Commercial policy), Domestic content (Trade policy)

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Textile adventurers: South Koreans flock to low-wage zones

Article Abstract:

South Korean apparel companies are finding conditions in Central America very attractive for massive investments. These companies are pumping in capital and expertise for local workers to manufacture brand products out of US material. A great part of the investment opportunities in the region are laregly due to the easy access to the US market provided by the Caribbean Basin Initiative started by Pres Ronald Reagan. South Korean companies have taken advantage of this program with the Samsung Group being the largest investor.

TEXTILE MILL PRODUCTS, South Korea, Guatemala, Textile industry, Korea, South, Caribbean Basin Initiative

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