Tridge summary
Mexico, particularly Chiapas, is leveraging its position as the second-best supplier of processed and low-technology products to Central America, a market valued at $72 billion annually, despite the economic impact of the pandemic. Experts suggest that Chiapas can increase its income by processing its products, especially food, and adding value before exporting. The Central American Integration System identifies Guatemala, El Salvador, Nicaragua, and Honduras as potential markets for Mexico's products. Despite the pandemic, the export of Mexican goods to Central America has remained robust, including medicines, fruits, and low-tech products. The southern border of Mexico has not seen the same economic decline as other regions due to the pandemic, making the export market with Central America less regulated and more accessible for Mexico, especially Chiapas.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
TUXTLA GUTIÉRREZ, Chiapas. According to economists until the beginning of the pandemic, the commercial export market to Central America, valued at 72 billion dollars a year, positioned Mexico as the second best supplier of processed and low-technology products. Chiapas, a poor border state of Mexico, has also taken advantage of this commercialization, however it has to work more in the processing of its products, mainly food, to achieve higher income. Erick Ramos, analyst and economist at the Escuela Bancaria Comercial, said that the entity still has a field to exploit it. “Chiapas has the opportunity to export products to Central America, mainly with products such as mango, cocoa or palm, but they would have to be with an added value, that is, we cannot export them directly in their raw state, but under a process or an industrial treatment ”, he added. According to the Central American Integration System, the population of countries such as Guatemala, El Salvador, Nicaragua and ...
Source: Inforural
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