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MediCorp doing business in Mexico:500 words

What are the potential legal, cultural, and ethical challenges will have to plan for?

What role will the host government play in the global business operations?

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The response addresses the queries posted in 718 words with references.
// Prior to writing for this query, you should be having some overview about Mexico and its business environment including legal, cultural & ethical issues. Along with this, you are required to find out the role of its Government in global business operations. In the following part, I would like to guide on these points, which will assist you to fulfill your query. See the text below: //

Mexico is a Federal Constitutional Republic, which is composed of 31 sovereign states and a federal district in Northern part of America. The population of Mexico is around 111 million. The primary trading partners of Mexico are the United States, the United Kingdom, Japan, France, Germany and Canada. Mexico is having 12 free trade agreements, which cover 43 countries. Along with this, it has signed 'Double Taxation Avoidance' agreements with several countries such as the United States, Spain, South Korea, the Netherlands, Switzerland, Germany and Sweden.

Mexico is the 3rd largest exporting country and it is attracting international companies, since, it entered into 'North American Free Trade Agreement' (NAFTA). MediCorp should understand and comply with several specific things while conducting business in Mexico. It should clearly understand about the business relationship in Mexico. The ...

Solution Summary

The response addresses the queries posted in 718 words with references.