Mexico is actively pursuing a program designed to reduce its reliance on the USA as a trading partner. Mexico has completed free trade agreements with 33 countries giving it access to over one billion consumers. Mexicans are inclined to be more formal than their Australian counterparts. When meeting with Mexican business people make sure to bring plenty of business cards, although it is common for your Mexican counterpart not to have any business cards to give you. Mexicans will always greet and farewell all people in attendance accompanied by small talk about current issues or family topics.
More information on doing business in Mexico