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The Nuts & Bolts of Manufacturing in Mexico and More...

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Tijuana’s industrial and commercial real estate market closed in 2019 with a positive net absorption of 3,090,296 million square feet showing overall stable market dynamics with low risk. Let’s look at the factors that contributed to this.

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After more than a year of deadlock, the U.S.-Mexico-Canada Agreement (USMCA) has passed in the U.S. House of Representatives. The USMCA is a revamp of the North American Free Trade Agreement (NAFTA), which eliminated most tariffs and reduced other barriers to trade and investment between the three countries. Under the first twenty years of NAFTA regional trade between the U.S., Mexico and Canada increased sharply from $290 billion dollars in 1993 to more than $1.1 trillion dollars in 2016.

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