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CCTV: AS/COA's Eric Farnsworth on Mexico's Competitive Advantages in the Global Market

Tuesday, October 23, 2012

AS/COA's Eric Farnsworth spoke to CCTV America about Mexico's rising economy and its impact on global trade, especially as more U.S. businesses head south of the border rather than to China for manufacturing. "China should not be afraid of Mexico, certainly they are always going to be competitive," says Farnsworth. "The answer is not necessarily to compete in terms of low wages or the lowest cost of production possible, but rather to begin to compete in terms of value added, quality of goods, and really meeting the needs of consumers today."