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.

Earlier, Mexico attracted manufacturers who perform only simple assembling. But, later with the development in this industry many big shots with complex products started flowing in to Mexico. China attracted many inexpensive commodity manufacturing in world level. At this time, US were looking for a similar place like china which could produce low cost products. Mexico manufacturing proved as the exact solution for a situation like this. Many foreign firms started setting up their operations and manufacturing in Mexico.

Methods of implementation :
Mexico manufacturing companies used five common methods:

• Contract or sub-contract manufacturing – This method is a form of outsourcing where Mexico manufacturers manufacture products for another company. This method will be used for companies who like to drive down the production cost involved in setting up infrastructure.
• Joint venture – Two or more firms invest for a single manufacturing.
• Full-owned – As its name suggests, the whole capital and profit belongs to a single company.
• Shelter – In this method, a firm can operate manufacturing and assembly in Mexico without even having knowledge of the subsidiary.
• Outsourcing – This is almost same as contract or sub-contract, except that this method outsources people rather than products.

Advantages :
The price of the land marked as one of unique Mexico manufacturing companies’ advantage for its development. Unlike other developing countries, the land cost remain cheap in Mexico which attracted many manufacturing in Mexico. Many firms which require large engineering content preferred Mexico than to other countries. Its proximity to US also helped the manufacturing companies for coordinating activities. Products got manufactured soon as the raw materials were readily available nearby and the products got delivered in time because the markets were nearby.

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.

Deputy of Nabiullina Maxim Medvedkov, who has headed the Russian delegation in negotiations on the WTO for a long time, pointed out that several months will pass between the completion of negotiations and the actual entry of Russia into the WTO. “We have actually agreed with the EU on the understanding that negotiations would be completed before the end of the year. But between the completion of negotiations and acceptance at least six months will pass” – said Deputy Minister.

Catherine Ashton and the U.S. representative for trade negotiations Ron Kirk are the highest ranked foreign guests of the Forum, where many Russian leaders will have speeches, including President Dmitry Medvedev.

Russia has been negotiating with the WTO member countries more than 10 years. The organization includes 153 countries; all of them must give their consent to the entry of Russia in this organization.

Russia remains the world’s largest economy outside the WTO.

Previously the obstacles for Moscow to become a member of WTO were its strained relations with neighboring countries, such as the introduction of the ban on the importation of wines from Georgia in 2006.

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.

Today, the number of researchers in China is approaching to the one of the United States. The number of graduates in information technology each year grows to 200 000 people, which is five times faster than in the West. The big advantage of China is linked with the age structure of scientists – most have not so long ago graduated.

In order to establish a national innovation system, China will have a long and difficult path. In any case, building technology inside the country, China will not abandon the “purchase” innovation. On this occasion, the Middle Kingdom continues to buy. And the case given is relatively easy – crisis, when many are ready to sell, just to survive. It is no coincidence that at the end of April during the meeting of Chinese Premier Wen Jiabao with his Finnish counterpart Matti Vanhanenom a question was raised about the establishment of a Helsinki district of China Innovation Center. And yet the Chinese Prime Minister praised Finland’s credit-worthiness, and expressed his hope that Finland would allow its citizens to buy bonds of Suomi. To this end, Beijing is going to send a purchasing and innovation delegation to Finland. For this purpose Celestial is ready for feats. And Chinese people have achieved their goals more than once before.