CBS Investment

Mexico has been one of the emerging markets and star economy sector in the world. Both domestic and international Mexico manufacturing has been always improving. After the ‘Bracero program’ was signed between United States and Mexico, Mexico manufacturing sector grows rapidly. Companies from United States started setting up their assembly in Mexico because Mexico had plenty of raw materials available.

The duties levied on the companies had also been relaxed between these countries. This program was called as ‘The Border Industrialization Program’. With the implementation of NAFTA called as North American Free Trade Agreement, Mexico manufacturing has tripled.

The EU and Russia agreed that Russia’s joining the World Trade Organization should be completed before the end of this year.

This was stated by EU Trade Commissioner Catherine Ashton following a meeting with Russian Minister of Economic Development Elvira Nabiullina on the sidelines of the St. Petersburg Economic Forum.

Nabiullina also commented with enthusiasm on the prospects of joining the WTO.

“Indeed, there is a feeling that we are coming to an agreement with the EU. We hope that we will complete major negotiations by the end of the year. We have built a schedule that must be completed by that date” – brings the words of the Minister agency RIA Novosti. She stipulated that an unresolved issue remains in the negotiations with the EU; that is the issue of export duty on Russian forests, which is not beneficial for such European countries as Finland.

According to the stated level, China plans to increase the proportion of expenditure on scientific research work to 2.5%, increase the contribution of scientific progress in economic development more than twice and reduce dependence on imported technologies three times by 2020. One of the priorities of China is to enter the top five countries by number of issued patents and the number of references to scientific publications, as well as to take a leading position in science and technology. China apparently is tired of being called the workshop of the world’s cheap consumer goods. It is time for production of high-tech products. And it cannot be realized without innovation.

However, it is clear that innovation comes along with money, or after it. So, it was necessary to take steps that would allow investors to feel comfortable on the Chinese soil. And Chinese took into account that fact – only 30 years of reform China has attracted $ 860 billion in foreign direct investments to its economy. During this same time, 650 000 enterprises with foreign participation were created, which not only eliminated the dependence of a number of industries from imports, but also became the leading suppliers to the world market. As a result, China went to the first position in the field of high-tech engineering products, ensuring 500 per cent increase in exports of manufactured goods from the level of 2002.