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Last month I attended a meeting in Mexico City sponsored by CIATEQ, a quasi-governmental organization in Mexico, which has as one of its aims the encouragement of the growth of the gear industry in Mexico. The purpose of the meeting was to provide a catalyst among the attendees to form a Mexican equivalent of AGMA and to encourage an alliance with AGMA. Joe Franklin, the Executive Director of AGMA, Bill Boggess, the President, Vice-President Ray Haley, and I were among the few Americans at the meeting.
The passage last year of both NAFTA and GATT has gone a long way toward leveling the playing field for American manufacturers and other hoping to compete in the global economy. Add to this news the fact that the domestic economy keeps growing, and it seems as though good times are ahead for the gear industry.