Trade Barriers Stymie Global Demand for Capital Goods

摘要

Global trade issues are hindering developing nations, stuck with antiquated construction machinery, from sharing modern technology available elsewhere in the world. A delegation from Mexico actively solicited private investment dollars March 14-19 at the Las Vegas Convention Center, calling the country a "virgin market." Construction employs 12.1% of the country, or 3.8 million people, while creating another 1.5 million indirect jobs, according to Camara Mexicana de la In-dustria del Construction (CMIC), Mexico's Construction Chamber of Commerce. But nearly 67% of Mexico's building activity is financed by the government, a figure that officials are eager to change, they said at this year's CONEXPO-CON/AGG exhibition.