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47%  
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Keyword: mexicosincome

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  • Remittances are Mexico's biggest source of income, says Fox

    10/06/2003 4:07:30 PM PDT · by AZ GRAMMY · 27 replies · 396+ views
    ASSOCIATED PRESS ^ | Luis Alonso Lugo
    Remittances are Mexico's biggest source of income, says Fox By Luis Alonso Lugo ASSOCIATED PRESS 8:51 p.m. September 24, 2003 NEW YORK ? Money sent from Mexican workers in the United States to their families back home has reached a record $12 billion in 2003, Mexican President Vicente Fox said Wednesday. Remittances "are our biggest source of foreign income, bigger than oil, tourism or foreign investment," Fox told reporters after a meeting with Mexican-American businessmen. "The 20 million Mexicans in the United States generate a gross product that is slightly higher than the $600 billion generated by Mexicans in Mexico,"...