Reducing non-tariff, non-agreement bound barriers in regulatory and customs processes, infrastructure and market access for the medical device industry in Mexico could increase its share in this sector’s global production by 10% to 20% and unlock $1.5 billion in economic growth
Replicating this holistic exercise across industries in Mexico, and in other countries such as Vietnam, could help specific industries go past the tipping point of competitiveness by achieving important savings
More broadly, the future of “enabling trade” may lie in nitty-gritty measures taken jointly by private and public actors to increase the competitiveness of end-to-end global value chains
For more information, view ddn arok xmarfy ufpp
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