Few believe that Mexico will become less reliant on the US as an export market, but Mexico is excited about its deal with the EU, its second largest trading partner, and the possibility of recapturing some of its lost market share in the rgion. Exports and investment have expanded in previously highly restricted sectors such as machinery and electrical equipment, auto parts, financial services and agri-food. Mexico has become Canada's largest trading partner in Latin America. Mexico ranks as Canada's eighth-largest export market. However, Canada's exports through September 2000 are well ahead of 1999 and have already match 1997's full year totals.
Fresh fruits round out Canada's top five imports from Mexico.
Manufacturing has attracted the most investment, followed by financial services and mining. Competition Mexico is almost entirely reliant on the US for Trade. Canada is Mexico's second largest export market and forth largest source of imports. Its main exports were manufactured goods, oil and oil products, silver, coffee, cotton. The Foreign Investment Law provides national treatment for most foreign investment, eliminates performance requirements, and liberalizes criteria for automatic approval of foreign investment proposals.