The experts made their remarks on a panel at the Milken Institute's 2001 Global Conference, which was held earlier this week. Real Estate Southern California magazine, GlobeSt.com's sister print publication based in Los Angeles, was a media sponsor of the event.
"New rules and new institutions are being forged and tested in Mexico," said Abraham F. Lowenthal, president of the LA-based Pacific Council on International Policy, told a gathering of more than 100 professionals and academicians. "The elephant in the room is how the US and its economy will affect Mexico."
Other conference panelists agreed with this assessment, citing NAFTA as a key component in achieving greater economic growth in Mexico.
Mexico's economic development continues to be a focal point of the new administration's platform. Although it has only been several months since he took office, Mexican President Vicente Fox has already begun stepping up trade relations with the US. One of his most recent efforts at strengthening economic ties with the US is the opening of an international business center in Santa Ana.
Fox is scheduled to open the center later today, as he continues a two-day trip through California that began Wednesday. The center will cater to small businesses that want to gain contacts and instruction in trade techniques and financing in Mexico. Representatives from six Mexican states will have offices at the center. In addition, US companies and services agencies specializing in foreign trade will be housed there.
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