Question

What is one of the benefits of NAFTA for Mexico

Answer 1

It has resulted Mexico to boost up exports. These exports are now part of large portion of Mexico's GDP.

Answer 2

Answer:

The economy of all three countries in North America has grown significantly in the first decade since NAFTA has come into effect: the average annual growth in gross domestic product (GDP) from 1994 to 2003 was 3.6% for Canada, 3.3% for the United States and 2.7 for Mexico, despite the severe recession of 1995; from 1996 to 2003, Mexico's growth was 3.7%.

In addition, intra-regional trade in goods doubled in the same period. Mexico, the poorest country in the region according to the World Bank, has benefited significantly from NAFTA, as it has entered into a process of economic convergence with the United States, with a substantial increase in trade (Mexico exports more than all South American countries together) foreign direct investment and growth. Real wages have recovered rapidly from the 2005 crisis, and poverty rates have declined significantly.