IV. Advantages and Disadvantages of Doing Business in MexicoMexico is the partner of the United States, but unlike the United States, it is an underdeveloped country and faces many problems (Doing Business in Mexico, 2013). economy, a convenient free trade network, and a competitive workforce (Doing Business in Mexico, 2011). Low labor costs have long been one of Mexico's biggest advantages (The Pros and Cons of Doing Business in Mexico, 2014). Mexico has a young, skilled and experienced workforce for foreign companies, which will help reduce their labor costs and increase their overall competitiveness (The Pros and Cons of Doing Business in Mexico, 2014). Mexico is a member of the WTО with free trade agreements (Mexico Country Note, 2012). Mexico has signed a free trade agreement with 44 countries and regions around the world and represents 40% of the total trade volume in the Americas (Mexico country profile, 2013). Import advantage: If foreign companies do business in Mexico, they can import products from third countries at very low interest rates (Mexico country brief, 2013). Mexico reduces restrictions on foreign investment (Benefits of Doing Business in Mexico, 2014). . Foreign companies freely transfer their rights and interests in their profits, dividends, interest and capital (Benefits of Doing Business in Mexico, 2014). The Mexican peso is freely convertible into all other currencies, and there are no restrictions on sending profits abroad or repatriating capital (Doing Business in Mexico, 2011). Foreign businesses in Mexico, any legitimate bank, open checking and savings accounts, accounts with a minimum set by the bank...... middle of paper ......ca (Mexico Background Information, 2014). Mexico to another from inflation austerity, adjust the structure of import pment plans, thus the Mexican economy gradually stabilized, it began to emerge from the recession and the fate of the crisis , a trend of recovery and growth (Central Intelligence Agency, 2014). Adopting an open trade policy, they encourage the export of domestic products, relax restrictions on imports and significantly increase foreign trade (Central Intelligence Agency, 2014). However, cultures also have some influence on the economy (BBC, 2012). Doing business in Mexico is a good choice (Doing business in Mexico , 2011).