Mexico Enacts a New Energy Bill
On October 28th, 2008 the Mexican Congress passed by a wide majority an ambitious energy package bill that will optimize and modernize the state-owned oil company, Petroleos Mexicanos (PEMEX).
Mexico Gets Kimberley Process Membership
On November 3-6, 2008 Mexico was welcomed as a participant in the Kimberley Process Certification Scheme (KPCS) during the Sixth Plenary meeting of the Kimberley Process held in New Delhi, India.
Mexico is Becoming a World-Player for Near-shore Services
Fifteen years after NAFTA was implemented, Mexican IT services firms have seen increasing benefits from the strong economic relationships developed between the North American trading partners.
Mexico and the U.S. Expand and Harmonize Hours of Operation of Customs Facilities
Mexico and the United States, through Mexico’s General Customs Administration (AGA) and U.S. Customs and Border Protection (CBP), agreed to expand the hours of operation for commercial traffic in several border crossings.
The Newest Mexican Pacific Coast Resort
In late September 2008 Mexican President Felipe Calderon launched the construction of a large tourist resort in the Mexican coastal state of Sinaloa on the Pacific Ocean.
International Trade Opportunities for California Metropolitan Areas
California has a large GDP that make it ranks amongst the ten largest economies in the world if thought of as a country, and it would be 35th among the most populous countries.
Punta Colonet Project: The New world-Class Gateway for Boosting Trade between East and West
Punta Colonet project, the most ambitious single infrastructure project of Mexico’s current administration and the first major seaport built in North America in nearly a century, entails the construction of a multimodal facility located approximately 150 miles south of Tijuana, Baja California.
The Second State of the Union Report Highlighted the Strength of the Mexican Economy
On September 1st, 2008 Mexican President Felipe Calderon stated in his Second State of the Union Report to the Congress that the implemented economic policy has encouraged a more competitive and job-creating economy through promoting more investments and fostering productivity.
DR-CAFTA Textile Cumulation Provisions Entered into Force for Mexico
The DR-CAFTA textile cumulation provisions were implemented on August 15, 2008, allowing textile products originating in Mexico to be used to manufacture woven apparel in Central America and Dominican Republic, and then exported to the United States duty-free.
Mexico Welcomes MIGA’s Investment Promotion Instruments
On July 28, 2008, Mexico published in the Federal Gazette (DOF) the decree that concludes its adhesion to the Multilateral Investment Guarantee Agency (MIGA) to promote more foreign direct investment.
Mexican Auto Parts Industry Running Strong
In 2007, Mexican auto parts output reached a historical record, growing for 35 months in a row despite the slowdown in the U.S. economy.
The Appeal of Mexico’s Tourism Industry
Tourism is one of the most dynamic economic sectors globally and has a significant positive impact on the standard of living in host countries as a result of its contributions to increased investment flows, job creation, and regional economic growth.
U.S.-Mexico Trade by Truck has Increased 191% under NAFTA
Since NAFTA came into force in 1994, bilateral trade between the U.S. and Mexico has more than quadrupled, rising from US $81 billion to nearly US $350 billion.
Overview of the U.S. Tomato Industry
The tomato is one of the most popular vegetables in the United States, second only to the potato in terms of consumption.
Mexico and China Signed Agreement Promoting Investments
On May 20th Mexico and China reached an agreement on reciprocal promotion and protection of investments in a move to boost bilateral economic ties.
Mexico Slashed Import Rates to Face Prices on Food Staples
In recent months the increase in the international prices of energy, the rise in the demand of food in several countries, and the need of corn for the ethanol industry have produced an augmentation of international prices of food staples.
Keeping Up with the Competition
Open market policies combined with free trade agreements have substantially developed Mexico´s economy.
Mexico Approves Rules To Begin Planting GMO’s
Augmenting food production requires integrating the latest biotechnology into Mexico’s agricultural sector while empowering advances in research – a measure that Congress is pursuing through the recent legislation on genetically modified crops.
North American Leaders will Meet in New Orleans
The leaders of Mexico, the United States and Canada will meet in New Orleans on April 21 and 22, to review and give directions on enhanced cooperation among the three countries.
Foreign Direct Investment Continues to Grow in Mexico
In the past couple years, foreign direct investment (FDI) has grown to be the third largest sector in Mexico’s economy, after oil exports and remittances.
New Mexican Bioenergy Law Keeps Consumers in Mind
On February 1st, 2008, Mexico published a law about Bioenergy,the first of its kind.
Food Safety: A Critical Issue
Food safety continues to be an important issue for the U.S. and Mexico.
Infrastructure Projects in Mexico
- Manzanillo-Laredo-Altamira Logistics Corridor Development
- Guadalajara Water Treatment Integration Project