Quintana Roo is gearing up for trade missions to Belize, Japan, and Orlando, USA, to export at least ten locally made products. Paul Carrillo de Cáceres, Secretary of Economic Development (Sede) of the state government, announced the initiative. Carrillo de Cáceres highlighted the upcoming fairs in Japan and Orlando, where ten products from Quintana Roo, […]
Toyota Tacoma Takes Top Spot as Best-Selling Vehicle Assembled Exclusively in Mexico
Despite being outsold by full-size trucks and crossovers, the redesigned Tacoma dominates its segment and claims a unique distinction as the most popular vehicle built entirely in Mexico. In a surprising turn of events, the Toyota Tacoma has emerged as the best-selling vehicle assembled exclusively in Mexico. According to recent sales data, the newly redesigned […]
Yucatán Boosts SMEs with International Collaboration
To strengthen small and medium-sized enterprises (SMEs) in Yucatán, Banco Santander and the Spanish Chamber of Commerce in Mexico have signed a Collaboration Agreement aimed at promoting the region’s productive sectors. Governor Joaquín Díaz Mena emphasized that the agreement would support SMEs and entrepreneurs through preferential loans, microcredits for young people and entrepreneurs, and financial […]
Sinaloa’s Industrial Boom: Four Mega Projects Set for 2025
In 2025, Sinaloa is set to see a significant boost in Foreign Direct Investment (FDI), with four major industrial projects projected to bring in over 30,000 million pesos. The Economic Reactivation Plan, presented by the executive to the Chamber of Deputies, aims to drive Sinaloa’s development by attracting private investment from both national and international […]
Mexico Tariff Impositions Leave US Apparel Importers Scrambling
The Mexican government’s recent decision to impose tariffs on textiles and finished apparel products has left many US retailers rethinking their sourcing and fulfillment strategies. According to Ryan Martin, president of distribution and fulfillment at ITS Logistics, “No one knows what to do. That’s the key piece. Everyone is exploring their options right now.” The […]
Strategic Connectivity in the Gulf of Mexico: Veracruz and Yucatán Collaborate
Veracruz Governor Rocío Nahle García recently met with Yucatán Governor Joaquín Díaz Mena to discuss development strategies and port connectivity between the two states. The meetings, held in Veracruz, focused on leveraging the state’s position as Mexico’s primary port and most significant fiscal precinct. Governor Díaz Mena attended sessions with the Association of Customs Agents […]
Mexico must decide whether it is with China or the US, warns Ontario Premier
In a context of trade tensions between North American countries due to Donald Trump’s threat to impose tariffs on his trading partners, Doug Ford, head of government of the Canadian province of Ontario, said that the relationship between Mexico and China is negatively affecting jobs in the North American region. For this reason, Ford said […]
European countries are betting on Mexico; foreign investments are on the rise
Among these, the Netherlands leads the increase with an investment of 1.91 billion dollars until the third quarter of 2024, which represents a growth of 238% compared to the same period in 2023, according to data from the Ministry of Economy. Belgium also increased its participation, reporting an investment of 1.528 billion dollars, an increase […]
Trump’s Trade War: Mexico as a Trojan Horse for Chinese Mercantilism
The growing presence of Chinese companies in Mexico is raising alarms in Washington and threatening to reshape North American trade. In 2018, US President Donald Trump initiated a trade war with China. Mexico benefited as companies sought to avoid tariffs by diversifying production away from China, thanks to its affordable labor, decent infrastructure, and crucially, […]
AmCham Predicts Growth in Mexican Exports to the US
Ernesto Sánchez Proal, president of the Guadalajara chapter of the American Chamber (AmCham) Mexico, believes that the presidency of Donald Trump will positively impact Mexico’s exports and Foreign Direct Investment (FDI). He asserts that tariffs on Chinese products will create opportunities for Mexican companies to become suppliers to the United States. Expectations from American Companies […]