The Free Trade Commission (CLC) of the Mexico, United States and Canada Agreement (USMCA) seeks to intensify efforts towards the “full implementation” of the agreement, in preparation for its scheduled review in two years, at the conclusion of its fourth At the meeting, which takes place almost four years after the entry into force of […]
Chart of the day: China’s trade partners in Latin America
China has become one of Latin America’s most important trading partners in recent decades. The relationship is characterized by growing commercial exchange, significant investments and strong mutual dependence. Chart of the day: China’s trade partners in Latin America China’s sustained economic growth has boosted demand for natural resources, such as oil, minerals and agricultural products, […]
Coahuila and Durango ready to take advantage of the trade war between the United States and China
Coahuila and Durango will take advantage of the current trade conflict between the USA and China After the United States Government announced an increase in tariffs for Chinese goods, Mexico, specifically the states of Coahuila and Durango, are ready to take advantage of the arrival of investments from the Asian country and also to position […]
Foreign Direct Investment in Mexico: the record, the lights, the shadows and the question marks
Foreign Direct Investment (FDI) in the first quarter of 2024 was 20,313 million dollars. This is the maximum figure for a first quarter since records have been kept. It is 9% higher than last year and more than double the 9,502 million dollars that were raised in 2018. Comparing the numbers for 2024 with those […]
Biden’s tariffs on China put Mexico in trouble
The White House is “seriously concerned” about the triangulation of Chinese goods using Mexico as an entry route to the United States. The issue is heading to be the great knot of the next review of the TMEC trade agreement The White House’s recent imposition of 50% tariffs on $18 billion in Chinese goods is […]
US suggests possibility of penalties if production of Chinese electric vehicles moves to Mexico
The Biden administration has hinted at the potential for imposing additional sanctions if Chinese electric vehicle manufacturers attempt to relocate their production to Mexico as a means to circumvent the newly declared import levies. On Tuesday, President Joe Biden instructed the U.S. Trade Representative’s office to levy a comprehensive tariff exceeding 102% on Chinese electric […]
New flights Mérida-Cancún and Mérida-Villahermosa
“Aerus” inaugurates flights to Cancún and Villahermosa, from Mérida The “Manuel Crescencio Rejón” International Airport of Mérida yesterday expanded its national air connectivity with the inauguration of the new routes Mérida-Villahermosa and Mérida-Cancún, operated by the airline “Aerus” with planes with capacity for between 9 and 12 passengers, which come to satisfy certain market niches. […]
Mexico and China are ‘close friends and rivals’: What products do we sell to them and which do we buy from them?
The trade relationship between Mexico and China has managed to increase considerably, and is now positioned just behind the United States. Mexico and China have a very close economic relationship, to such a degree that the strength of trade between both countries continues to increase. This occurs despite the fact that world trade has faced […]
Mexico’s next government prepares for an eventual Trump victory
Mexican officials and advisers anticipate a drastic change in relations with the U.S. should Donald Trump win in November. ara algunos, lo que predomina es el recuerdo de negociar con Trump durante su mandato, cuando utilizó amenazas extremas contra México. ¿Qué se requirió en ese entonces para llegar a un acuerdo con el equipo de […]
Mexico and Vietnam cushion decoupling of trade between the EU and China: IMF
Some trade and investment is diverted through third countries, which partially offsets the erosion of direct ties between the US and China, the agency says. The International Monetary Fund (IMF) warned that although there are still no clear signs of deglobalization at an aggregate level, countries are reevaluating their commercial ties and that has led […]