Obama announces major trade pact with South Korea - News

Obama announces major trade pact with South Korea

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U.S. President Barack Obama announced what he called a "landmark" trade agreement with South Korea on Saturday that he said will increase U.S. exports by $11 billion and support 70,000 American jobs.

The agreement would eliminate tariffs on over 95% of industrial and consumer goods within five years.

"It's a win-win for both countries," Obama said.

"It will contribute significantly to my goal of doubling U.S. exports over the next five years," he said. "In fact, it's estimated that today's deal alone will increase American economic output by more than our last nine free trade agreements combined."

Obama made the announcement just after the Senate rejected Obama's proposal to extend the George W. Bush-era tax cuts to everyone but the wealthiest Americans.

Obama said he was disappointed by the tax vote but looked forward to Congress ratifying the trade pact "because if there's one thing Democrats and Republicans should be able to agree on, it should be creating jobs and opportunity for our people."

The trade agreement would strengthen economic ties between Washington and Seoul at a time when the longtime U.S. ally faces an increasingly hostile northern neighbor

The first version of the agreement was negotiated in 2007 by the Bush administration, but foundered in Congress.

The new accord comes just weeks after negotiators failed to reach a deal at the G-20 summit, forcing Obama to walk away from the conference without an agreement.

A long-running dispute over U.S. access to Korea's auto and beef markets was largely responsible for the failure of the earlier agreement. But those issues have since been resolved.

The new agreement calls for South Korea to reduce its tariff on U.S. auto imports from 8% to 4%, and fully eliminate it in five years.

Meanwhile, the 2.5% U.S. tariff on auto imports will remain in place until the fifth year, instead of being immediately eliminated as specified in the 2007 agreement.

"In particular, manufacturers of American cars and trucks will have much more access to the Korean market, will encourage the development of electric cars and green technology in the United States and will continue to ensure a level playing field for American automakers here at home," Obama said.

The deal sparked an almost immediate response from Public Citizen, a liberal group that characterized it as a "Bush NAFTA-style trade deal."

"Choosing to advance Bush's NAFTA-style Korea free trade agreement rather than the new trade policy President Obama promised during his campaign will mean more American job loss," Lori Wallach, the director of Public Citizen's Global Trade Watch said in a statement.

But a number of business leaders praised the deal.

"The resulting agreement provides greater clarity and transparency by affirmatively addressing the issues surrounding non-tariff and tariff barriers," Ford Motor Co. CEO Alan Mulally said as part of a statement released by the White House.

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Start your Import Business it will be Your First Step to Financial Freedom - Business - Entrepreneurship

Whereas running your own worldwide enterprise is one of probably the most exciting and satisfying businesses you can undertake, it is definitely not always the dazzling and glamorous endeavor some would imagine it to be. As with any career it is not for just anybody. It calls for a lot of repetitive procedures, substantial experience, as well as challenging work.

To aid you to begin an export company or launch an import company, you'll find some fundamental details on what can aid you to run your company within the global marketplace:

1. Worldwide traders speak their own language. Consider: NAFTA, GATT, ad valorem, letter of credit, ocean bill of loading. It's a company where I believe I know is not good enough. What you do not know can really hurt you.

2. Global trade is defined as the exchange of goods and services among nations. Exports are the merchandise people or countries sell; imports are the goods individuals or nations around the world purchase.

3. An import/export organization matches sellers and buyers of products in various nations around the world. The worldwide manager conducts this business in many ways:

* Acting as an intermediary,* Buying a product or service from a vendor and marketing it to wholesalers throughout another nation,* Creating a network of retail distribution agents selling on commission,* Hiring a separate firm to find sales and customers demand* Operate as consultants for other countries which desire to export their products however do not have the essential know-how.

4. Opportunities abound. The nations known as the Seven Tigers of the Pacific Rim are thriving, with China representing the absolute greatest market opportunity across the world. Mexico has come forth as one of the largest US trading partners. The ratification of NAFTA (North American Free Trade Agreements) provides a historic chance to establish a single unified market. For the beginning import small business owner, the whole world is really a prospective market.

5. Another factor you need to take into consideration could be the role of government. A national government might opt to conserve national resources through limiting exports on specific products, or restricting the import of goods in other countries by banning these or with the addition of a tax referred to as a tariff on specific items. For example, the role of the U.S. Customs and Border Protection Agents. Generally speaking, this agency is responsible for the task of safeguarding and facilitating international trade. They are also accountable for calculating and collecting taxes, duties, and other fees associated with the importation and exportation of goods. You will find strict regulations on importing and exporting products, thus it's vital that you understand which among these regulations are pertinent to you.

Whether your goal would be to start an export business or begin an import company, you've the opportunity to enjoy a lifestyle that carries with it quite a few rewards. And also the rewards are as diverse as the persons who pursue them.

L1 Visa Prerequisites and Information - Self Help

Assuming that they are not transferring from a Canadian corporation to its U.S. office, and as a result the L-one visa is not offered to them, Canadian citizen pros usually find by themselves considering the TN visa and H1B visa and the variations or similarities among the two.TN Visa OverviewThe TN visa is a nonimmigrant do the job visa for specialized personnel who are citizens of Canada and Mexico and whose distinct occupations seem on the routine produced by NAFTA (Appendix 1603.D.1 of NAFTA). Included in the occupation list are many professions, ranging from architects, computer system analysts, technical writers, accountants, and social workers to those falling inside of the health-related and science professions, these kinds of as pharmacists, physicians, astronomers, and biologists. The TN visa is specially helpful for Canadian citizens as they can course of action their programs immediately at a port of entry with out acquiring prior USCIS approval or without havi ng going to a consulate for a visa stamp.H1B visa OverviewThe H1B visa is a nonimmigrant operate visa below the Immigration & Nationality Act, area 101(a)(fifteen)(H), for skilled employees from all through the world that permits foreign nationals to be briefly employed in the U.S. in a specialty occupation. A specialty occupation is defined as requiring theoretical and practical software of a physique of hugely specialized awareness in a subject of "human endeavor." Some frequent occupation classes are as follows: computer system and world-wide-web technologies, promotion, law, accounting, finance, mathematics, architecture, engineering, sciences, medicine, education, business, arts, public relations, different know-how fields, trend, etc. With the exception of fashion designs, the H1B visa involves at a minimum the attainment of a bachelors diploma or its equivalent and state licensure if needed.TN visa v. H1B visaWhen choosing between the TN visa and the H1B visa, a Ca nadian citizen may possibly want to take into account the subsequent information.Visa Duration: H1B visa is granted in 3 12 months increments for a max interval of 6 decades (except if a labor certification has been pending for at minimum 1 12 months or he/she has an authorized I-140). Thereafter, an H1B visa holder have to depart the US for at minimum a person year in buy to avail himself or herself of a lot more time on the H1B. In addition, any time spent on the L-one Visa is also counted in the direction of the six 12 months interval. TN visa is granted in three year increments for an unrestricted interval of time.Ease of Getting: The H1B visa can only be obtained right after an employer files a Labor Certification Software and submits a lengthy I-129 application to USCIS with regards to the information of employment. The TN Visa can be obtained right at a port of entry with a thorough letter from the employer regarding the placement and evidence from the Canadian citize n about how he or she qualifies for the placement.Timing - Original applications: Unless the H1B employment will be at a non-revenue exploration organization or a university, you can only to begin with use for the H1B visa on April 1st. You can use for a TN visa whenever during the yr.

13 Points on the Financial Implications of Free Trade (1) --- No Tariffs - Business - Entrepreneurship

Hello,

1) One of the main topics of the global financial crisis is globalization.

2) Globalization is the process of the world becoming increasingly unified.

3) An excellent way to grasp the essential meaning of globalization is to consider the internet.

The internet is growing at an incredible rate, is it not?

As the internet is growing, information of all kinds and qualities can be transferred at the speed of of a click and with the ease of a having a thought.

The simple fact you are reading these words is due to the fact that the you are investing in the rich profit-abilities of the internet, therefore, you are likely to bank on the shocking success of the internet with corresponding success in you life.

4) It seems that computers, the internet, blogs and websites such as - Youtube, Google, Ebay and Yahoo are uniting our world. The internet presently appears to be a seminal component in the evolution of globalization.

5) How does globalization affect the financial market? Free trade.

6) As globalization is advancing, nations of the world are developing free trade agreements, which facilitate commerce between these nations by establishing various joint ventures in marketing, increased business between these nations rather than with nations outside of the agreement and the reduction or elimination of tariffs.

7) Many spirited individuals are particularly interested in the provisions of free trade agreements, which reduce or eliminate tariffs. Tariffs are the taxes that nations levy on imports or exports.

In simple terms, tariffs are taxes that nations charge for trading with another nation.

8) Tariffs can be vitally important to supporting national freedom through financial self-sufficiency, because tariffs are a significant way for nations to earn money for doing business.

9) When nations ink their free trade agreements, tariffs tend to drop and thus, those revenue streams drop for those nations.

There is a possibility that as nations limit their income from tariffs and thus, limit their ability to earn income, their riches decrease, their standard of living can decrease and correspondingly, their dependence on loans and creating excess money can increase.

In a nutshell, analogous to a multinational corporation selling to certain buyers at a wholesale price, the nation is cutting their profits in exchange for the opportunity to purchase from these buyers at a lesser price.

10) Free trade can facilitate the transfer of goods and services, which means that, for example, since Canada, the US and Mexico signed their North American Free Trade Agreement (NAFTA), these nations limit their income from trading with each other, however, they can transfer goods and services more easily, for less money --- thus, food (corn), industrial tools (silver) and workers (lower wage) are transferred with increasing frequency and volume.

11) What can happen with free trade agreements is that the money component is lessened, emphasizing the trade component, coming closer to barter.

It seems there may be not be many significant counterproductive effects of free trade, furthermore, there is one issue, which may prove to be financially self-destructive in the long term.

As nations facilitate trade, yet limit their revenues, there is a possibility that these nations are becoming increasingly impoverished.

Monetary poverty may not be a serious concern if goods and services are still moving freely, however, if one nation or organization is able to hoard or 'corner the market' on money, then when these nations do need money they could be reduced to begging or borrowing at suicidal rates simply to cover their maintenance costs.

12) In summary, an example of advancing globalization, the unifying of or world, is the increasing incidences and influence of free trade agreements.

Free trade agreements allow nations to trade with each other with greater frequency and volume, thereby manifesting a mutual benefit.

A typical provision in these free trade agreements is the reduction or elimination of tariffs, which are the taxes that nations charge for trading with other nations.

Tariffs can serve as a significant source of income and if tariffs are reduced or eliminated, then nations are reducing their income. As nations reduce their income, they may be risking a decrease in financial self-sufficiency, an increase in international dependence and a decrease in a self-determined national identity.

13) As the US continues to lose money to free trade with Canada and Mexico, due to their free trade agreement --- NAFTA, this nation is dropping deeper into its fundamental rebirth and affording sophisticated investors and informed souls to transmute the US Crisis to Profit.

On behalf of The Global FC Zone,

Crisis to Profit.

Roth

Canada Immigration - Completely new guidelines to improve Canada

Generally speaking, the Temporary Foreign Worker Program allows business employers to hire foreign workers as soon as sufficient numbers of Canadian workers are not willingly available. The Canadian employer who would like to hire a foreign worker may be asked to apply to HRSDC for a Labor Market Opinion (LMO). A good LMO is actually a document that HRSDC issues to employers confirming that employing a foreign worker with regard to a specific job may currently have a positive or fairly neutral effect on Canadian employees. Business employers must generally demonstrate that they made reasonable attempts to employ a new Canadian citizen or Permanent Resident before they will offer you the work. In addition, Canadian employers must offer wages and working conditions to international workers that are usually consistent with standards for Canadian employees.Along with an authentic job offer and a favorable LMO, the actual temporary foreign worker can apply for a work permit. It is crucial to be aware that some work permits do not require an LMO, such as Intra-Company work permits and work permits acquired under international agreements such as NAFTA.CIC and HRSDC will be making the following adjustments for the Temporary International Worker Program, which may impact those applying for LMO-based work permits and LMO-exempt work permits:Genuineness associated with the Work OfferTo safeguard international employees and potential immigrants from misleading work offers, CIC and HRSDC will be establishing extra criteria regarding determining whether a job offer is actually genuine, including job offers extended to Live-In Caregivers. They will be evaluated as follow: 1. All terms associated with the actual work offer (such as the actual salary provided) as well as if the workplace can fairly meet all the terms;2. The particular work offer definitely has to be consistent with the employers work requirements;3. The employer had previously complied with p rovincial and federal laws and regulations controlling employment or recruiting of workers.Outlaw for Non-Compliant EmployersIn case that a Canadian Company is actually found to be in violation of the rules, the actual company will end up being prohibited from employing virtually any international workers for two years. Employers can furthermore be given the 2 year ban if they fail to fulfill the conditions given in the LMO as well as in the actual job offer. These kinds of uncooperative employers will have their identify and address published in a list available to the public.Restriction of Canadian Work PermitsImmigration Canada will be limiting the actual number of years any international worker is permitted to keep a Canadian temporary work permit. A foreign worker will only be permitted to work in Canada for a total of four years. When the four years ended, the foreign worker will be expected to wait at least four years before they could reapply for a work permit. Some workers will be free from this rule: 1. International workers who are doing work in Canada on a study permit;2. International workers who are working under an international agreement with Canada (such as NAFTA, GATS; and3. International workers that are working in a Canadian profession that creates or sustain significant cultural, monetary, or sociable rewards for Canadian citizens or permanent residents.4. International employees furthermore have the choice of applying for CPR before or right after their four years of Canadian employment have finished.

International Import Export: Treaties And Agreements - Business

While a lot of the action in the international import export business is in contracts and agreements between businesses or individuals, the terms of these deals may be influenced by legal stipulations that govern trade relationships. Most countries have laws which define how products may be imported or exported, but some also are ruled by global treaties. These may have an effect on your international import export company, too.

The EU

Though far more than just a trade treaty, The EU does affect international import export businesses, especially those that operate within European union countries. The EU created a single economy with just one currency, which simplified economic transactions. Additionally, it eliminated regulations on movements of people, products, services, and capital within its member countries. It's simplified trade both between EU countries and between EU and non-EU (third world) countries.

The North American Free Trade Agreement

The North American Free Trade Agreement (NAFTA) which went into effect in , 1994, is a local contract between the USA, Canada, and Mexico. These 3 countries agreed to phase out tariffs on material goods and to decrease limitations on trade in services and on foreign investments. NAFTA has considerably simplified global trade between these 3 countries, with the connection between Canada and the United states becoming particularly close. Many international import export companies in the united states trade primarily with Canada.

The ASEAN Free Trade Area

The Association of Southeast Asian Nations (ASEAN) is similar to the EU in that it has a large number of signatories and it created an economic and geopolitical organization. It was founded to encourage economic improvement among its member states. Recently, ASEAN has discussed a free trade area among its member countries, which Is a prelude to more complete economic integration. Tariffs between member states are lowered, though they keep the right to charge non-ASEAN countries what ever tariff percentage they want.

Other Trade Agreements

Bilateral and multi-lateral trade agreements between specific nations or between these larger groups of nations are becoming increasingly more common as the global economy becomes more. Many of these new trade agreements include reduced or free trade between the signatory nations. The goal is to make international import export freer and at the same time more lucrative for everybody concerned.

The WTO

The WTO is not an international export import organization, but instead an international body which aids to set the ground rules for global trade. The WTO is devoted to keeping trade flowing as freely as possible without undermining national government authorities or endangering people or the environment. The organization's agreements are discussed between member countries and have been signed by the majority of countries on the planet.

The WTO also offers a trade dispute resolution process.This list of trade agreements and treaties just scratches the surface of the number of this kind of treaties in existence. Make sure you review the ones that might effect your international import export business!

THENEW GLOBAL ECONOMIC REALITY - Other

THENEW GLOBAL ECONOMIC REALITY

First: A reality check on Mexico

Mexico is in an unique position to reap many of thebenefits of the decline of the US economy. In order to notviolate NAFTA and other agreements the U.S.A. cannot usedirect protectionism, so it is content to allow the mediato play this protectionist role. The U.S. media - over thelast year - has portrayed Mexico as being on the brink ofeconomic collapse and civil war. The Mexican people areeither beheaded, kidnapped, poor, corrupt, ornarco-traffickers. The American news media wasparticularly aggressive in the weeks leading up to springbreak. The main reason for this is money. During thattwo-week period, over 120,000 young American citizenspoured into Mexico and left behind hundreds of millions ofdollars.

Let's look at the reality of the extensive drug andcorruption problem, kidnappings, murders and money. TheU.S. Secretary of State Clinton was clear in her honestassessment of the problem. "Our insatiable demand forillegal drugs fuels the drug trade. Our inability toprevent the weapons from being illegally smuggled acrossthe border to arm these criminals causes the deaths ofpolice officers, soldiers and civilians," Clinton said.The other large illegal business that is smuggled into theU.S.A. that no one likes to talk about is Human Trafficfor prostitution. This "business" is globally nowcompeting with drugs in terms of profits.

It is critical to understand, however that the horrificviolence in Mexico is over 95% confined to the threetransshipping cities for these two businesses, Juarez,Tijuana and Nogales. The Mexican government is so seriousabout fighting this, that they have committed over 30,000soldiers to these borders towns. There was a thoughtfularticle written by a professor at the University ofJuarez. He was reminded of the Prohibition years in theU.S.A. and compared Juarez to Chicago when Al Capone wasconducting his reign of terror capped off with The SaintValentine's Day Massacre. During these years, just likeJuarez today, 99% of the citizens went about their dailylives and attended classes, went to the movies,restaurants, and parks.

Is there corruption in Mexico? YES !!! Is there an equalamount of corruption related to this business in theU.S.A.? YES !!!. When you have a pair of illegalbusinesses that generate over $300,000,000,000 in salesyou will find massive corruption. Make no mistake aboutthe Mexican Drug Cartel; these "businessmen" are 100 timesmore sophisticated than the bumbling bootleggers duringProhibition. They form profitable alliances all over theU.S.A. They do cost benefit analysis of their businessmuch better than the US automobile industry. They havefound over the years that the cost of bribing U.S. andMexican Border Guards and the transportation costs ofmoving marijuana from Sinaloa to California have cutsignificantly into profits. That is why over the past 5-7years they have been growing marijuana in State andFederal Parks and BLM land all across America. From abusiness standpoint, this is a tremendous cost savings onseveral levels. Let's look at California as an example asone of the largest consumers. When you have $14.2 billionof Marijuana grown and consumed in one state, there issavings on transportation, less loss of product due toconfiscation and an overall reduction cost of bribery withlaw enforcement and parks service people. Another greatsavings is the benefit to their employees. The penaltiesin Mexico for growing range from 5-15 years. The penaltiesin California, on average are 18 months, and out in 8months. The same economic principles are now being appliedto the methamphetamine factories.

FOX News continues to scare people with its focus onkidnapping. There are kidnappings in Mexico. Theconcentration of kidnappings has been in Mexico City,among the very rich and the three aforementioned borderCities. With the exception of Mexico City, the numberone city for kidnappings among NAFTA countries isPhoenix, Arizona with over 359 in 2008. The PhoenixPolice estimate that twice that number of kidnappingsgoes unreported, because like Mexico 99% of these crimeswere directly related to drug and human traffic.Phoenix, unfortunately, is geographically profitabletransshipping location. Mexicans, just like 99% of U.S.Citizens during prohibition, go about their daily livesall over the country. They get up, go to school or workand live their lives untouched by the border townviolence.

These same protectionist news sources have misled thepublic as to the real danger from the swine flu inMexico and temporary devastated the tourismbusiness. As of May 27 2009 there have been 87 deaths inMexico from the swine flu. During those same five monthsthere have been 36 murdered school children in Chicago.By their logic, if 87 deaths from the swine flu inMexico warrants canceling flights and cruise ships toMexico, then close all roads and highways in the USAbecause of record 43,359 automobile related deaths inthe USA in 2008.

What is just getting underway is what many are callingthe "Largest southern migration to Mexico of people andreal estate assets since the Civil War" A significantpercentage of the Baby Boomers have been doing theresearch and are making the life changing decision tomove out of the U.S.A. The number one retirementdestination in the world is Mexico. There are alreadyover 2,000,000 US and Canadian property owners inMexico. The most conservative number of Americanand Canadian Baby Boomers who are on their way toowning property in Mexico for full or part time livingin the next 15 years is over 6,000,000. Do themath on 6,000,000 people buying a $300,000 house orcondo and you will understand why the U.S. Government istrying to tax this massive shift of money to Mexicothrough H.R. 3056. The U.S. government calls this "TheTax Collection Responsibility Act of 2007". Those whowill have to pay it are calling this the EXIT TAX.

Mexico: A better economic choice than China

Another large exodus from the U.S.A is high payingskilled jobs. The job shift in automobile sector,both car and parts manufacturing, is already known bymost investors. In the last few months as John Deere andCaterpillar have been laying off thousands of workersin the U.S.A., and hiring equal numbers inMexico. The most recent industry that is makingthe shift is the aerospace manufacturers. In the city ofZacatecas there is currently a $210 million aerospacefacility being built. With the 11 U.S. companies movingthere, it is estimated to provide over 200,000 new highpaying jobs in the coming years. One of the main factorsfor the shift in job south to Mexico instead of China isrealistic analysis of total production, labor anddelivery costs. While the labor costs in China are 40%less on average, the overall transportation costs andinherent risks of a long distance supply chain, andquality control issues, gives Mexico a distinctfinancial advantage.

Mexico's real economic future

Mexico has avoided completely the subprime problem thathas devastated the U.S. banking industry. The Mexicanbanks are healthy and profitable. Mexico has a growingand very healthy middle and upper middle class.The very recent introduction of residential financinghas Mexico in an unique position of having over 90%of current homeowners owning their house outright.U.S. banks are competing for the Mexican, Canadian andAmerican cross border loan business. It is and willcontinue to be a very safe and very profitable business.These same banks that were loaning in a reckless mannerhave learned their lesson and are loaning here the oldfashioned way. They require a minimum of a 680 creditscore, 30% down payment, and verifiable income that cansupport the loan. In most areas of Mexico where BabyBoomers are moving to, with the exception of PuertoPenasco (which did not have a national and internationalbase of buyers), there is no real estate bubble.. Thehigher end markets ($2-20 million) in many of thesedestinations are going through a modest correction. TheBaby Boomers market here is between $200,000 and$600,000. With the continuing demand inside the Bay ofBanderas, that price point, in the coming years, willdisappear. This is the reason the Mexican government isspending billions of dollars on more infrastructurenorth along the coast all the way up to Mazatlan.

The other major area where America has become overpricedis in the field of health care. This massive shift ofrevenues is estimated to add 5-7% to Mexico's GDP. Thename for this "business" is Medical Tourism. The twobiggest competitors for Mexico were Thailand and India.Thailand and India's biggest drawback is geography. Alsorecent events, Thailand's inability to keep a governmentin place and the recent terrorist attack in Mumbai, havehelped Mexico capture close to half of this growthindustry. In Mexico today there are over 56 worldclass hospitals being built to keep up with thisbusiness.

Mexico is currently sitting on a cash surplus and analmost balanced budget. Most Americans have neverheard of Carlos Slim until he loaned the New York Times$250 million. After that it became clear to manyinvestors around the world what Mexicans already knew:that Mexico had been able to avoid the worst of the U.S.economic devastation. Mexico's resilience is to beadmired. When the U.S. Federal Reserve granted a $30billion loan to each of Mexico, Singapore, South Korea,and Brazil, Mexico reinvested the money in Treasurybonds in an account in New York City.

According to oil traders, Mexico's Pemex wisely as theprice of oil shot to $147 a barrel put in place aninvestment strategy that hinged on oil trading in therange of $38-$60 a barrel. Since the beginning of 2009Mexico has been collecting revenues on hedged positionsthat give them $90-$110 per barrel today. Mexico'srecent and under reported oil discovery in the PalaeoChannels of Chicontepec has placed it third in the worldfor oil reserves, right behind Canada and Saudi Arabia.

The following is a quote from Rosalind Wilson, Presidentof the Canadian Chamber of Commerce on March 19, 2009."The strength of the Mexican economic system makes thecountry a favorite destination for Canadian investment".

OPPORTUNITIES: WHY PUERTO VALLARTA & THE RIVIERANAYARIT

The answer is simple and old fashioned: SUPPLY ANDDEMAND.

The area of Puerto Vallarta/Riviera Nayarit inside theBay of Banderas is an investor's dream. This area hasthe comprehensive infrastructure in place, world classhospitals and dental care, natural investment protectionfrom the Sierra Madre Mountains, endless future watersupply, low to nonexistent crime, international airport,and limited supply inside the Bay, first class privatebilingual schools and higher than average appreciationpotential. Like many areas in Mexico there is largedemand for full and part time retirement living and alot of construction underway to meet this demand. Preconstruction of course is where the best bargains areavailable.

I would offer a word of caution for investors in Mexico.Do not be seduced by the endless natural beauty that iseverywhere, both inland in colonial towns and alongthousands of miles of beach. Apply conservative mediumand long term investment strategies without emotion. Thedemand for full and part time living by American andCanadian Baby Boomers is evident throughout the country.The top two choice locations are ocean front, and oceanview. The third overall choice, which is less expensive,is inland in one of the many beautiful colonial towns orsmall cities.

Mexico, with the world's 13th largest GDP, isno longer a "Third World Country", but rather a fastgrowing, economically secure state, as the most recentfive-year history of its financial markets whencompared to the U.S.A.'s financial markets suggests.

DOW JONES AVERAGES MAY 2004 10,200 - MAY 2009 8,200 20%LOSS IN 5 YEARS

MEXICAN BOLSA MAY 2004 10,000 - MAY 2009 23,000 130%GAIN IN 5 YEARS