The well-being of the U.S. economy is closely tied to that of Mexico due to significant bilateral trade and investment and its impact on employment. More than six million U.S. jobs depend on trade with Mexico. Although Mexico ranks well in international competitiveness indices, constraints to increased growth include security concerns that increase the costs of doing business, barriers to domestic competition in key sectors such as energy and telecommunications, weaknesses in the educational system, and inefficiencies in the labor market.
We support Mexico’s efforts to enhance economic competitiveness by:
- Improving public policies,
- Catalyzing public and private sector resources to expand socio-economic opportunities in the regions most affected by crime, and
- Developing sustainable financing models to support community priorities.
In 2012, USAID supported Mexico in achieving the following results:
- Supported Mexican counterparts in the development, introduction or implementation of 22 policies, laws, regulations or administrative procedures affecting Mexico's factor and precursor markets and economic governance.
- Promoted the use of alternative justice centers to resolve civil and commercial disputes, with an increase of 170% in the number of cases referred between 2011 and 2012.
- Provided transparent and accountable models for responsibly managing sub-national debt, resulting in more than $2 billion in funding leveraged over the last eight years.
Last updated: March 04, 2014