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In the pre legal phase the process that is use here in Mexico is initiate with telephone contact, and a written letter send to the debtor in which we notify the debtor about amount of the debt and the intentions that the creditor has to negotiate the payment of the total amount.

Exports, mainly consisting of manufactured goods, as well as oil and gas, are expected to continue benefiting from favoured access to the North American market during the year.

In 2017, the Mexican government is likely to concentrate on its negotiations with the United States which is threatening to renegotiate the North American Free Trade Agreement (NAFTA) and to increase the rate of expulsions of Mexican citizens living illegally in the United States.

Although the NAFTA contains effective mechanisms for settling disputes and defines the measures of retortion, Mexico has very little choice but to accept decisions made in the United States given the level of the country’s dependence on the United States.

The deficit in services should remain widely steady, despite a slight boost to tourist revenues, whilst the income deficit (mostly because of the withdrawal of profits by multinationals) will remain high.

The balance of transfers should improve thanks to the growth in remittances from workers in the United States.

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