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News Releases

Releases

Thompson & Knight Attorney Manuel Rajunov says Mexican Businesses Expanding Despite Drug Wars
 
July 21, 2011 6:00 am

Despite the continual threat of drug cartel violence, jobs in Northern Mexico's manufacturing sector continue to rise, fueled in part by growth in the auto, aviation and electronics industries. "Even in cities such as Monterrey, which saw a sudden escalation in violent crime in the last few years, facilities have expanded or announced plans to open," says Manuel Rajunov of Thompson & Knight. "Across Mexico we're seeing companies adapt with new security measures and restart production, even with limited foreign investment." Given how central the American economy is to its welfare, Mexico could suffer if the recovery in the United States does not pick up speed. While trade with the United States hit a record last year of nearly $395 billion, much of the job and economic growth in Mexico appears to be coming from existing businesses expanding or restarting production lines that had been waylaid by local security concerns or the global recession. For more information contact Barry Pound at 800-559-4534 or barry@androvett.com.


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