NEWS FROM MEXICO

       Whether you’re an old pro at navigating through foreign countries, or this is your first time venturing across the border, here are a few tips on doing business pleasurably in Mexico.

Mexico’s size and diversity are often under-appreciated by U.S. citizens. Covering nearly 1.2 million square miles, it is one of the largest countries in Latin America and one of the United States most important trade partners.

Mexico’s business and social customs are somewhat different from those in the U.S. Establishing personal relationships is important in Mexico. It is not uncommon to conduct business in a social atmosphere, or over dinner or lunch. Relax and enjoy it, even if you don’t speak the language.

Unlike in the U.S., time is flexible in Mexico and things don’t run on a strict schedule. Remember that patience is a virtue.

Politeness is very important. Saying “nice to meet you,” “please,” “thank you,” and inquiring about family members or friends and business partners will earn many brownie points.

Many small and medium sized Mexican businesses do not accept checks (including travelers checks) or credit cards. Be prepared to pay with cash. ATMs are available in all major cities and many smaller towns. The exchange rate is often better than one will find at a money exchange house as it is based on inter-bank rates. The exchange rate is currently about 13 pesos to the dollar.

Tipping in restaurants is the same as in the U.S., normally 15%-10%, depending on service. It is customary to tip gas station attendants (all Mexican gas stations are full service), as well as people who help find you a parking space on the street or watch your car ($5 to $15 pesos on average).

While internet café’s are prevalent in Mexico, e-mail is not the preferred form of conducting business. Face to face meets and phone calls are the best and quickest way to discuss a deal.

Taxis charge a higher rate in the evening as opposed to during the day.

The siesta is still very popular in Mexico. Many businesses close from 2-4 p.m. for dinner. Most re-open until 7 or 8 at night.

Overall, Mexico is a safe country. Newscasts about killings, kidnappings and other crimes are generally exaggerated. As when traveling anywhere—be it the U.S. or Mexico—one should be aware of their surroundings and respect the culture and people where they are visiting.