US companies leave China for Mexico
02 June 2014
As Ties With China Unravel, U.S. Companies Head to Mexico, reports the New York Times on 31 May 2014.
"With labor costs rising rapidly in China, American manufacturers of all sizes are looking south to Mexico with what economists describe as an eagerness not seen since the early years of the North American Free Trade Agreement in the 1990s. From border cities like Tijuana to the central plains where new factories are filling farmland, Mexican workers are increasingly in demand."
“Mexico has become the most competitive place to manufacture goods for the North American market, for sure, and it’s also become the most cost-competitive place to manufacture some goods for all over the world.”
Read the full article in the link below: