Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Mexico and Korea Trading Negotiation/Relationship

1,565 views

Published on

Differences between Mexican and Korean negotiation methods with Geert Hofstede model

Published in: Business
  • Be the first to comment

  • Be the first to like this

Mexico and Korea Trading Negotiation/Relationship

  1. 1. Mexico
  2. 2. Mexican Economy <ul><li>GDP - real growth rate: 3% (2007 est.) </li></ul><ul><li>GDP - per capita (PPP): $12,500 (2007 est.) </li></ul><ul><li>GDP - composition by sector: agriculture: 3.9% industry: 26.3% services: 69.9% (2007 est.) </li></ul><ul><li>Budget: revenues: $209.2 billion expenditures: $209.2 billion (2007 est.) </li></ul><ul><li>Public debt: 23.1% of GDP (2007 est.) </li></ul>
  3. 3. Korea’s Largest Latin Trade Partner <ul><li>In 2004, exports to Mexico stood at over $3 billion, some 25.8 percent of all exports to Latin America ($11.6 billion). </li></ul><ul><li>Mexico’s top exports to Korea include ores, minerals, lumber, marine products and beef. </li></ul><ul><li>More than 65 percent of Korean exports to Mexico are destined for re-export to the United States. </li></ul>
  4. 5. Economic Growth <ul><li>Mexico integrating its economy as part of the North American Free Trade Agreement (NAFTA) block. </li></ul><ul><li>Increasing levels of two-way investment with Korea.  </li></ul><ul><li>Prospects for Korean companies across a wide range of sectors, including: oil and gas services; mining equipment and services; telecommunications; automotive; aerospace; power; and environmental applications. </li></ul>
  5. 7. Negotiation Tips <ul><li>* Likely to make individual </li></ul><ul><li>agreements </li></ul><ul><li>* Personal relationship </li></ul><ul><li>essential </li></ul><ul><li>* Time is flexible </li></ul><ul><li>Mexicans much less likely to question authority </li></ul><ul><li>More individualistic </li></ul><ul><li>More male-dominated </li></ul><ul><li>Less avoidance of uncertainty </li></ul>
  6. 8. Mexican Web Resources <ul><li>http://kr.youtube.com/watch?v=0YmL146DCqY </li></ul><ul><li>http://kr.youtube.com/watch?v=CpsGGmBVik8 </li></ul><ul><li>http://kr.youtube.com/watch?v=hRUZVoM1ewM </li></ul>

×