Mexico will impose tariffs on steel if its biggest trading partner, the United States, enacts such measures first, Mexican Economy Minister Raquel Buenrostro said at a news conference on Tuesday. U.S. calls to impose tariffs on steel imports from Mexico have been politically motivated and are not good for trade, Buenrostro said. The Mexican minister […]
EE. UU. proposes to end its free trade agreement with Mexico if it accepts Chinese car factories
According to information published by the Reuters news agency, a US manufacturing trade group urged the administration of President Joe Biden to take the necessary steps to block the import of vehicles from low-cost Chinese manufacturers from Mexico, as they could threaten the viability of US automakers. The so-called Alliance for the United States, stated […]
AMLO’s decision to ban open-pit mining is scaring away important international investors
Mexican President Andres Manuel Lopez Obrador’s proposal to ban open-pit mining will generate uncertainty and curtail investment for the key sector, mining industry representatives said this week. Lopez Obrador announced the proposal to prohibit new concessions for open-pit projects last week amid a slew of initiatives as he looks to shape political debate ahead of […]
Nearshoring Summit highlights Querétaro
The Governor of Querétaro, Mauricio Kuri González, had a prominent role in the Nearshoring Mexico Summit, focusing on the strengths of the state. Within the panel “USMCA: Trigger of Change”, he shared how Querétaro positions itself as an optimal place for investment, thanks to its stability, skilled labor and support for education. This approach is […]
These are the three richest families in Veracruz and these are their businesses
Veracruz is one of the entities that contribute the most to the Mexican economy. In 2022 alone, it contributed 1.2 trillion pesos to the national Gross Domestic Product (GDP), according to data from the National Institute of Statistics and Geography (INEGI). With such a figure, Veracruz was the sixth state that contributed the most to […]
They see Mexico as the only LA country in the top 10 to invest in
Mexico is the only Latin American country that CEOs place in the top 10 where they can generate more income, with Brazil out of this select group, according to the Global CEO Survey 2024, Mexico chapter, by PWC. The United States was the country that topped the list worldwide, being considered by 29 percent of […]
BYD plans to install new electric vehicle plant in Mexico
The Chinese company BYD is considering installing an electric vehicle production plant in Mexico, the Japanese newspaper Nikkei reported on Wednesday, citing an executive of the company in the country. The Chinese company BYD Co Ltd is considering installing a production plant in Mexico, as the electric vehicle manufacturer intends to establish an export center […]
Santo Spirits launches unique brand experience in Cabo
TV chef Guy Fieri and former Van Halen vocalist Sammy Hagar have unveiled their first consumer experience for Tequila brand Santo Spirits. The Santo Spirits visitor centre is located in the ‘heavily trafficked’ marina area of Cabo San Lucas, Mexico, and is described as a ‘vibrant homage to all things Santo’. “Sammy has a long […]
Tijuana Business Sector thanked Montserrat Caballero for leading the way to transformation
The Business Coordinator Council (CCE) of Tijuana thanked the head of the 24th Municipal Administration of Tijuana, mayor Montserrat Caballero Ramírez, for the programs, projects, and actions carried out to boost the city’s economic development, making investments easier, investing in more and better infrastructure, and creating conditions for more job opportunities. Among the projects that […]
American Chamber Mexico appoints Edgar Ramón Aguirre as the new official representative in Coahuila
On Friday, February 9th, the American Chamber (AmCham) Mexico appointed the president of Government Relations of Grupo Amistad, Edgar Octavio Ramón Aguirre, as its official representative in the state of Coahuila, highlighting the important work carried out by the manager and the business group that leads the industrial development of the entity and northeastern Mexico. […]