American executives flocked to presentations early this week in anticipation that the North American Free Trade Agreement, which would drop trade barriers between the United States, Canada and Mexico, will eventually be approved. A U.S. District Court judge's ruling yesterday that the federal government must prepare an environmental impact statement before the trade pact can proceed may delay that approval, but many U.S. corporate plans for Mexican operations are already well advanced.
The workshops and presentations on Mexico were among the programs offered at the corporate real estate executives' annual conference. It was attended by a record 2,000 participants representing hundreds of the largest corporations in the United States.
Many of the speakers were former U.S. real estate industry executives who have seen their prospects in the United States dwindle with the real estate slump and corporate downsizing. Now they are staking their futures on providing facilities for U.S. companies in Mexico.
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