Mexico has experienced significant growth in its manufacturing sector in recent years, triggered by economical growth and increased foreign investments from companies seeking opportunities to capitalize on the cheap cost of shipping goods to the U.S.
Recently, the U.S. and Mexico signed a deal allowing each country’s trucks to travel the other’s highway, putting into effect a key provision of the 1994 North American Free-Trade Agreement, which gives Mexican trucks full access to highways running outside the buffer zone inside the U.S. border. The deal also halted years of higher tariffs previously placed on U.S. products by Mexico after the initial treaty was compromised.
For companies such as Scorpex Inc., this agreement carries significant weight. Scorpex is working to become a leading hazardous and toxic waste disposal company in the Baja Mexico/California region. Not only does this agreement give the company access to cross-border travel as necessary, it feeds increased export, manufacturing and distribution in Mexico, subsequently driving the need for increased disposal of industrial waste.
Scorpex’s has already constructed 80% of its first storage facility on its property just outside Ensenada, Mexico, which the company strategically chose to accommodate the vast region of Baja California.
Original article: http://missionir.com/blog/scorpex-inc-srpx/mexico-based-scorpex-inc-srpx-positioned-to-benefit-from-cross-border-traffic/
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