Mexico and Canada Invited to Join Trans-Pacific Partnership Talks
On Monday, June 18 Mexico was officially welcomed to join the Trans-Pacific Partnership (TPP) Talks. Mexico joins the U.S., Australia, New Zealand, Peru, Chile, Singapore, Malaysia, Vietnam and Brunei in a trade deal that will provide a link to expanding markets of the Asia Pacific region. Canada was invited to join the TPP talks Tuesday, June 19. Still pending is the inclusion of Japan, which also expressed an interest to join the talks in November of 2011.
The U.S., Canada and Mexico have been partners since 1994 in NAFTA and their economies are already heavily intertwined. The Trans-Pacific Partnership is meant to strengthen standards in the areas of labor, environment and intellectual property rights protections. The goal is to reduce regulatory barriers to trade.
The next round of negotiations will take place from July 2 to July 10 in San Diego. “Companies and workers in our three countries literally make things together, with supply chains that cross our borders and make North America more competitive on the global stage. As a result, negotiating the TPP together is an excellent strategic decision for North America,” stated Thomas Donahue, president of the U.S. Chamber of Commerce.
The inclusion of Mexico in the TPP is expected to result in increased economic opportunities for Mexico, working with its North American partners.
With over 20 years of experience, North American Production Sharing (NAPS) is an expert in the industry, identifying industry trends and providing administrative support services for companies interested in manufacturing in Mexico. Since 1991, NAPS has supported foreign owned manufacturing operations in the Mexican border states of Baja California and Chihuahua. NAPS is also in a strategic position to provide its services through out the central region of Mexico with an office opening in Guanajuato.
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NAPS is a premier shelter company in Mexico providing start-up and ongoing administration for companies manufacturing in Mexico. NAPS facilitates the relocation and expansion of labor intensive processes mainly along the border region of Mexico. Since 1991, NAPS has played a key role in ensuring the success of 70 Mexico manufacturing operations including: Esterline, Hewlett Packard, Intuitive Surgical, JAE, Monster Cable, Parker Hannifin, Speck Products, Toyota & Qualcomm. For more info about NAPS and the shelter services in Mexico we offer please visit www.napsmexico.com