Trade Balance. The Trade Balance, if negative, will not exceed Five Thousand Dollars ($5,000).
Trade Balance. Three products were particularly important in the commercial trade between Mexico and the USA: Corn, automotive and textiles. Among them, corn was of a special concern for both countries. By the early 1990s, the Mexican rural labor market was about 25% of the total labor force and corn was the main product. It was produced mostly by a large number of small labor intensive farms (61% of farms were smaller than 5 hectares), as reported by the 1991 Mexico´s National Agricultural and Livestock Census, condition that has not changed that much since then. This fragmentation of agri- cultural production was the result of redistributive farmland policies very common in Latin America during the 50s and 60s. The general expectation was that with NAFTA, the US grain exports to Mexico would collapse Mexico´s rural labor market promoting immigration of unskilled workers to the US. Fortunately, both countries produce different kind of corn: US produces white corn for human consumption while Mexico produces yellow corn better suited for animal feeding purposes. Because of this, corn production in both countries increased with NAFTA, faster in Mexico than in the US due to Mexican government supporting domestically produced white corn and the adoption of better technology by Mexican farmers. During the period 1993-2002 Mexican exports to the US increased by 135.5% while imports increa- sed by 237.4%, but still managed to end up with a positive balance. This fact may explain the substi- tution effect toward imported products in Mexico’s consumption (16.1% imported products in 1993 compared to 26.8% in 2003). Mexican exports to the US where mainly manufacturing products (81.1%), oil (15.6%) and less than 3% agricultural products (Xxxxxxx, 2004), proportions that have not changed significantly, not yet their composition. According to the World Bank, by 2010 exports ac- counted for 32% of Mexico´s GDP; 80% of these exports were headed to the US, meaning that with or without NAFTA the trade between these two countries remains at the same level of importance: the US is still the Mexico´s most important trade partner and Mexico is still the US´s third one, after Canada and, now, China. The former $1.6 million US trade surplus with Mexico that used to support 29,000 jobs in that country, changed into a $97.2 billion trade deficit, near ten times larger than the surplus predicted. Several studies conclude that this negative balance is due to macroeconomic trends following business ...
Trade Balance. Any review of trade in goods and the balance of trade between the two countries is based on both sides import statistics.
Trade Balance. The Trade Balance, if negative, will not exceed Thirty Thousand Dollars ($30,000), at Closing.
Trade Balance. In the event that the negative Trade Balance exceeds $30,000 ("Excess Trade Balance"), Buyer shall still be required to close, but the Purchase Price will be reduced dollar for dollar by the amount to which the negative Trade Balance exceeds the Excess Trade Balance.
Trade Balance. The Trade Balance, if negative, will not exceed Twenty Thousand Dollars ($20,000).
