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s Vegas, McAllen (Texas), Midland (Texas), Oxnard (California), Philadelphia, Portland (Oregon), Presidio (Texas), Raleigh, Saint Paul (Minnesota), Salt Lake City, San Bernardino, Santa Ana (California), Seattle, Tucson, Yuma (Arizona) Diplomatic representation from the US: chief of mission: Ambassador Antonio O. GARZA, Jr. embassy: Paseo de la Reforma 305, Colonia Cuauhtemoc, 06500 Mexico, Distrito Federal mailing address: P. O. Box 9000, Brownsville, TX 78520-9000 telephone: [52] (55) 5080-2000 FAX: [52] (55) 5511-9980 consulate(s) general: Ciudad Juarez, Guadalajara, Monterrey, Tijuana consulate(s): Hermosillo, Matamoros, Merida, Nogales, Nuevo Laredo Flag description: three equal vertical bands of green (hoist side), white, and red; the coat of arms (an eagle perched on a cactus with a snake in its beak) is centered in the white band Economy Mexico Economy - overview: Mexico has a free market economy that recently entered the trillion dollar class. It contains a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. Recent administrations have expanded competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution, and airports. Per capita income is one-fourth that of the US; income distribution remains highly unequal. Trade with the US and Canada has tripled since the implementation of NAFTA in 1994. Mexico has 12 free trade agreements with over 40 countries including, Guatemala, Honduras, El Salvador, the European Free Trade Area, and Japan, putting more than 90% of trade under free trade agreements. The new Felipe CALDERON administration that took office in December 2006 faces many of the same challenges that former President FOX tried to tackle, including the need to upgrade infrastructure, modernize the tax system and labor laws, and allow private investment in the energy sector. CALDERON has stated that his top priorities include reducing poverty and creating jobs. The success of his economic agenda will depend on his ability to garner support from the opposition. GDP (purchasing power parity): $1.134 trillion (2006 est.) GDP (official exchange rate): $741.5 billion (2006 est.) GDP - real growth rate: 4.5% (2006 est.) GDP - per capita (PPP): $10,600 (2006 est.) GDP - composition by sector: agriculture: 3.9% indu
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