USA/Mexico

• Mexicans fill labour gaps in agriculture + manufacturing = US economy more efficient = Mexicans make 6x higher wages = More remittances
• 2015 remittances - $25.2 billion (2% of GDP); 2022 - $61.1 billion (4.2% of GDP)
• Increased trade between Mexico and US (NAFTA - 1990)
• US is the largest importer of car parts made in Mexico
• US financiers have invested in aerospace in Mexico which is then exported back to the US
• US invested $130 billion in FDI in Mexico in 2022
• American TNCs set themselves up in Mexico for cheap labour
• The two countries cooperate on common issues such as drugs, and trafficking - US have helped funding of Mexican police and helicopters
• A minute 319 agreements have been made on the use of water from rivers which ensures there’s a sustainable water supply to Mexico
• Over 1/4 of the workers in agriculture and construction are immigrants
• Immigrants are 40% more likely than native-born Americans to start a business
• Immigrants provide economic gain through taxes (even illegal immigrants are estimated to contribute $12 billion in taxes)
• Immigrants are more likely to have a family = combat an ageing American population
• High skilled migrants are attracted to the US (medicine, engineering, science) - mostly from India & China = new opportunities for trade