The Mexican Auto Parts Industry is Moving at a High Speed
In 2012, the Mexican auto parts industry became the 5th largest in the world, surpassing South Korea and just behind China, Japan, Germany and the United States. Last year, Mexico’s auto parts production reached a historical high at $75 billion after experiencing an outstanding growth of 88% since 2009.
Data Protection in Mexico: New Guidelines and Enforcement
Data protection is undoubtedly becoming a top requirement in order to establish the necessary level of certainty that is essential for investment and trade to flourish. To address this rapidly evolving demand, Mexico has been taking decisive steps by adopting higher data protection standards and strengthening institutions that ensure their enforcement. Read more
Border Infrastructure’s Key Role in Expanding U.S.-Mexico Trade
The increased usage of cross-border production lines has resulted in a very unique trading relationship between the U.S. and Mexico, where working to establish a trade facilitating border infrastructure is now crucial to successfully competing in the global market.
Consumer Products from Mexico are Reliable and Safe
The U.S. consumer goods market is the largest in the world, and Mexico is one of the largest suppliers. This shows that Mexico is providing the quality and safety that US consumers demand. Read more
U.S.-Mexico Trade Reached New Highs
The trade relationship between Mexico and the United States demonstrated another solid performance as products traded between both countries set a new record at $494 billion in 2012. Over the 19 years of NAFTA, bilateral trade has sextupled, growing 10% annually.
SAT and CBP Signed a Mutual Recognition of Authorized Economic Operator Programs
On January 17th, the Mexican Tax Authority Service (SAT), and the U.S. Custom and Border Protection (CBP) signed a Plan of Action toward the mutual recognition between the Mexican New Certified Companies (NEEC), and the U.S. Customs-Trade Partnership against Terrorism (C-TPAT). Read more
The U.S. Expands its Business Facilitation Program in Mexico
The United States has expanded its Business Facilitation Program in Mexico to allow access to expedited visa processing for employees of qualifying companies traveling to the U.S. on company business.
Mexico’s Plastics Industry is Molding its Growth
The Mexican plastics industry is increasingly engaged in open markets to expand business opportunities and improve their competitiveness globally. This approach can only be beneficial to the Mexican economy, since more investment means more jobs and a more prosperous country. Read more
Mexico’s New Labor Law: A Step Forward to Greater Competitiveness
On December 1, 2012, Mexico enacted a new federal labor law, the first major update in more than 40 years that shows the country’s commitment to embrace the needed structural reforms to increase economic competitiveness globally.
Mexico’s Accession to the Madrid Protocol
Mexico became the 89th member and only third Latin American country to join the Madrid Protocol on November 19th, 2012, which will contribute to the increasing attractiveness of its economy for investment. Read more
Mexico is Rapidly Improving its Global Competitiveness
Competitiveness is one area of the economy that Mexico has greatly improved in the last few years, making it one of the most attractive and dynamic economies globally.
Mexico’s Railroad Industry is Moving Full Speed Ahead
The railroad industry in Mexico is showing important increases in the movement of cargo. Trade operations encompassed over 52 million tons carried by train, accounting for 51% of total cargo transported by this mode in Mexico. Read more
The importance of Metropolitan areas in U.S. exports to Mexico
Metropolitan areas are a major contributor to U.S. total exports. As U.S.’ second-largest export market, Mexico is an essential trade partner for cities in the United States. Among the top 50 largest metropolitan area exporters, Mexico is ranked in the top 5 most important export markets for thirty-eight urban areas.
Mexico’s Growing Cosmetics Industry
The prosperous Mexican cosmetics industry has set itself apart as a world class leader in terms of exports and development in the last couple of years by adapting to the increasing demand of international markets and by sustaining remarkable growth, making it a new attractive destination for foreign investment. Read more
The Pacific Alliance as a Pathway to Further Latin American Integration
In today’s global economy, strengthening regional integrations has become a necessary condition in expanding global trade. This is why the Pacific Alliance, an economic regional initiative, promises to have enormous benefits to the four Latin American nations committed to promote further trade and investment flows and increase the level of cooperation.
The Mexican Franchise Market
Over the past few years, Mexico’s franchise scheme has become such as successful business model that the country is now ranked as the world’s eighth largest country in franchise development and second in Latin America. Read more
Mexico’s Regulatory Reform Has Become an Ongoing Process
In the past few years, Mexico has undertaken an ambitious agenda to improve its regulatory framework in an attempt to promote a more business-friendly environment thereby improving its global competitiveness.
A Green Growth Path Is Set by Mexico
On June 5, 2012, President Calderon signed a decree that implements Mexico’s General Law on Climate Change. This culminates a three-year legislative effort which was highlighted by the broad, multi-partisan support showed by both houses of the Mexican Congress. Read more
Mexico: Ready and Committed to the Trans-Pacific Partnership
The Trans-Pacific Partnership (TPP), a free trade agreement linking nations in the Pacific region, has incredible potential to simultaneously benefit both Mexico and the United States. Understanding the scope of this opportunity, Mexico is ready and committed to engage in TPP negotiations.
The Single Window’s 2nd Phase Further Facilities Mexico’s Trade
In a global economy, making trade between economies easier is increasingly important for business. Therefore, in order to further facilitate how Mexico trades with the rest of the world, the Federal Government launched the Single Window for Foreign Trade (VUCEM, Ventanilla Unica de Comercio Exterior Mexicana) in January, 2012. On June 1st, the second phase of this tool began operating. Read more
The Digital Agenda to Better Connecting Mexico
Mexico has recently unveiled a government program to boost the information and communication technologies sector growth and narrow the digital gap throughout the country. The National Digital Agenda defines goals and strategies to give Mexico a positive impact on the telecommunications market.
Pouring into the World: Mexico’s Alcoholic Beverages Sector
The alcoholic beverages industry is nowadays one the fastest growing manufacturing sectors in Mexico. As a leading agri-business sector, which is highly integrated to the global economy, the Mexican alcoholic beverages sector contributes significantly to economic growth. Read more
Natural Gas to Fuel Mexico’s Competitiveness
With a demand for energy that is growing rapidly to keep pace with its economic growth, Mexico is embracing natural gas as a cleaner, more efficient and abundant source of energy than other fuels in order to boost economic competitiveness.
Mexico’s Phytosanitary Requirements on Imported Goods Go Online
As part of its ambitious trade facilitation agenda, Mexico launched an Internet-based system to consult phytosanitary requirements on imported plant-origin goods with the aim of enhancing transparency and speeding up regulatory procedures. Read more