Mexico

In the last quarter of a century, trade policy in Mexico has undergone dramatic changes. After more than three decades dominated by an import substitution industrialization (ISI) strategy based on high trade barriers to protect the domestic market, in the early 1980s Mexico launched an ambitious process of trade liberalization. The levels of protection were reduced, first unilaterally, as part of the process of economic reform, and subsequently, through the negotiation of bilateral and regional preferential trade agreements (PTAs) with countries in North America, South America, Europe and Asia.