Michigan State University Extension
Extenstion International Trade Res. - 07099503
03/31/96
Investment in Mexico:
Mexico holds many strong long-term opportunities for U.S.businesses. The peso devaluation has scared many off, and that's understandable. The peso has regained its strength to the dollar. Mexico, like so many other countries, tends to experience large fluctuations in its economic health.
Mexico is no different than many other countries where business doesn't get done unless there's a good business relationship solidly in place. While now may not be a good time to sell U.S. products in Mexico, it's an excellent time to invest in those ever-important relationships. Sooner or later, Mexico's economy will recover, and Mexican business partners will definitely remember who was there with them when "the going was tough" then they decide who they'll do business with. Invest now, reap later. Don't get caught a year from now with an improving Mexican economy and no solid relationships in place.
Dismantle the U.S. Department of Commerce?
In an attempt to save the US government more than $7.7 billion over the next five years, legislators have developed The Department of Commerce Dismantling Act. Headed by the Republicans, this bill will eliminate the US Department of Commerce (USDOC). In the dismantling of the USDOC, some of the programs would be transferred to different departments, while others would simply be eliminated.
What effect will this have on American businesses? It's still unclear whether business will indeed be hurt by this proposal. Some are saying that the US is shooting itself in the foot by eliminating the USDOC at a time when competing trading nations such as Germany and Japan are increasing their government support for exporters. Others say that many federal agencies play the same role in US trade promotion as the USDOC.
For further information, or to find out how to help, call Alan Abravanel at Perkins, Coie, 727-2000.
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