Mexico's membership of the North American Free Trade Agreement (NAFTA) since 1994 has attracted major investment from foreign countries. The focus of the foreign investment is on manufacturing. Nearly all the world's major companies are now present in Mexico. For example, according to the Economic Development Secretary from the Mexican state of Baja California, the state hosts 90 companies from Japan, 25 Taiwanese companies, five from Hong Kong, four from Singapore, and three from Malaysia. Other Mexican states boast similar numbers to Baja California in terms of foreign company presence.
The United States receives 85 % of Mexico's exports
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