Leaders meet as recession bites deep in Mexico

Financial Times by Ronald Buchanan | Aug. 10, 2009 (News Report)

Before heading off to Guadalajara for talks today with his two "amigos" from Canada and Mexico, US president Barack Obama blamed the weakened states of their economies as the reason for his promised reworking of the North American Free Trade Agreement being taken off the table. Full Story »

Posted by Kaizar Campwala - via NewsRack (Energy), NewsRack (Recession)

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Derek Hawkins
3.8
 by Derek Hawkins - Aug. 10, 2009

Gives some helpful context to the North America summit, covering trade, Mexican economy.

One of those problems is Mexico’s dependence on the US economy for foreign trade. In spite of efforts to diversify, Mexico relies on the US for 80 per cent of its exports.

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Derek's Rating

Overall
3.8

Good
from 12 answers
Quality
4.0
Facts
4.0
Fairness
4.0
Sourcing
4.0
Style
4.0
Context
4.0
Depth
4.0
Enterprise
3.0
Relevance
5.0
Popularity
3.0
Recommendation
3.0
Credibility
3.0
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