conducting international businessin mexico
DESCRIPTION
This was my 20 minute Senior level PowerPoint Presentation for Economics/472TRANSCRIPT
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International BusinessIn Mexico!
M.G. Quintana
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Introduction
International Trade
Steps to Conduct International Business
Quotas and Tariffs
Foreign Exchange Rate
Determination of Exchange Rates
Effects of International Trade on GDP
Strategies for Success
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International Trade Between Mexico and the US
• Within 10 years the amount of
trading has increased by 32.89
Billion.
• In 2012 the amount was at an all
time high
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Steps to Conduct International Business
From a Business Perspective
• Meticulously research the
economic conditions and
opportunities.
• Market Entry Strategy, this is the
analysis and evaluation of how
your business will look if you
expand.
Legality Perspective
• Hire a good lawyer who will
explain all your responsibilities
and liabilities moving forward.
• Register your business and name
your corporation.
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Quotas and Tariffs
• Quotas and Tariffs do exist on
several items in Mexico.
• In order to advise you accurately
we will need a list of what you are
planning to export.
• Wide variety of quotas and tariffs
in Mexico on several items.
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Foreign Exchange Rate
• 1.00 MXN = .0773 USD
• 1.00 USD = 12.935 MXN
*Exchange rates current as of
September 16, 2013 9:28PM UTC
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How Are Exchange Rates Determined?
• Supply and Demand.
• If demand rises or supply falls the
rate goes up.
• If demand falls or supply rises the
rate goes down.
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Effects of International Trade on GDP
• NAFTA
• Outsourcing
• Illicit Trade
• Current Quagmire
• NAFTA
• Insourcing
• Illicit Trade
• Accountable GDP
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Strategies For Success
• Hire a Bilingual Team Member
– With Professional
Communication Skills
– With Vast Understanding of
the Business Culture in
Mexico
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Strategies For Success
• Have Written Plans
– Sales Goals
– Evaluate and Make
Recommendations
• Budget
• Secure Credit Line
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Strategies For Success
• Designate Strategic Planning
Work Team
– Only 41% of Small Business
do this
– Taxes
– Labor Laws / Legalities
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Conclusion
• International Trade
• Steps to take in order to conduct business
• Quotas and Tariffs
• Foreign Exchange Rate and How it is Determined
• Strategies for Success
• Questions?
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References
Malkin, Elisabeth (2012, December 25). Mexico Finds Unlikely Allies in Trade Fight. The New York Times. Retrieved from http://www.nytimes.com