New Maquila Decree
Continuing with the strategy of reducing the transaction costs and promoting external trade, on November
1st, 2006, the Ministry of Economy published in the Federal Official Gazette Decree for the Promotion and Operation of the Manufacturing, the Promotion and Operation of the Manufacturing, Maquiladora and Exportation Services Industry (IMMEX), and is effective since November 13, 2006.
GM Invest in Mexico
Hyundai will open plant in Mexico
DHL bought new airplanes in Mexico
Natural Gas plant starts operating
43 out of 50 U.S. States have Increased their Exports to Mexico
In the first nine months of 2006, the trade between the United States and Mexico exceeded USD$248 billion, up from a level of almost USD$60 billion from the same period of year 1993.
- Lear will invest US$15 million in Frontera, Coahuila
- Pemex built the largest maritime platform in Mexico
Mexico Implemented an Import Duties Reduction Plan
With the goal of reducing production costs for companies doing business in Mexico, the Ministry of the Economy published a decree that lowers duties for 6,089 items of the Import Tariff Code on September 29, 2006.
- Union Fenosa to increase investment in Mexico
- Navistar produces a new model in Mexico
- Neapco LLC Chooses Saltillo Coahuila
Mexico Continues to be a Key Trading Partner for most of U.S. States
The North America Free Trade Agreement (NAFTA) has expanded export opportunities across the United States.
- Honda to invest US $64 million in Mexican Plant
- Windsor to open motorcycle plant in Merida
- Plextron Corporation to locate in Saltillo
U.S. and Mexico Sign Trade Deal on Sweeteners
On July 27th, The United States and Mexico reached an agreement regarding sugar and sweetener trade.
- Kenworth Mexicana injects money into its plant in Mexico
- Bridgestone will invest in a new black coal processing plant
- Honeywell will manufacture aircraft components in Chihuahua
- Mahle injects millions in its Puebla plant
- Celestica to increase capacity in Apodaca facilities
Mayan Organic Coffee Growers
Isodoro Morales Maurico is a member of the Chuj ethnic group in Mexico’s southern state of Chiapas.
- MD Helicopters invest in new plant in Apodaca
- Flextronics to open new industrial plant in Ciudad Juarez
- Michelin expands in Queretaro
- General Motors begins building in San Luis Potosi
Mexico’s Electric and Electronic Industries
The electronics and electrical industries are two of Mexico’s main sources of annual exports reaching US$42.7 billion in 2005; they are also responsible for employing about 360,000 people.
- Saint-Gobain’s Flat Glass Sector expands in Mexico
- Grupo IMSA to invest in Nuevo Leon
- Behr Saltillo to build new production facility in State of Coahuila
The Connectivity Zone, a new logistic platform project in Durango, México
The northern zone in Mexico has great resource diversity, as well as many industries.
- KMG Chemicals, Inc. expands plant in Matamoros
- Steris Corporation (STE) transfers to the State of Nuevo Leon
- Toyota expands production capacity in Baja California
Mexico is a Growing Export Market for the United States
Since the implementation of the North American Free Trade Agreement twelve years ago, most U.S. states have expanded their exports to Mexico.
- Nextel invests 25 million dollars in Juarez
- Nokia expands production to Reynosa
- United Plastics Group, Inc. (UPG) inaugurates its second Monterrey facility
NAFTA Supports Jobs for U.S. Workers
Since the implementation of NAFTA, and Mexico has become the U.S.’s second largest trading partner, behind only Canada. Goods and services for Mexico account for one out of every ten jobs in the U.S.
Export and job opportunities grow across the U.S.
Since 1993, 49 U.S. states have seen a growth in exports to Mexico . Currently, twenty states record over $1 billion in sales to Mexico annually.
Competitiveness Growth in Mexican Ports
Mexican ports have been boosting their competitiveness during the last four years.
Modifications to Mexican Foreign Trade Law to Strengthen Transparency
There are some updates modifications that include allowing the Ministry of the Economy to coordinate international trade negotiations with the productive sectors, to establish promotion programs, to issue rules and regulations for the enforcement of applicable trade legislation, and to accept the use electronic signatures for some notifications and procedures.
“EXPORTANET” A Mexican Program that Introduces your Company to Mexican Suppliers
The Banco Nacional de Comercio Exterior (Bancomext), which is in charge of promoting foreign trade and attracting foreign investment to Mexico, maintains a promotional program called “Exportanet”, created for Mexican companies that wish to export their products to international markets.