U.S., Mexico Officials Break Ground On San Diego Border Infrastructure Project

December 11, 2013

KPBS, 12/10/2013

Photo by Flikr user Rockin RobinU.S. and Mexico officials joined together on Tuesday near Otay Mesa Road and SR 125  to wave orange flags  and signal construction crews to begin work on a $700 million border infrastructure project. The goal of the new freeway, and eventually a new port of entry, is to cut border wait times and boost cross-border trade.

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As crime ebbs, Juárez coming back to life

December 9, 2013

ciudad-juarez-en-mexicoThe Albuquerque Journal, 12/9/2013

One of the most frequent questions I have been asked recently by family and friends is, “Do you still go to Mexico?”

The person asking the question usually phrases the words in a way that reminds me of being a kid and being asked by an aunt or relative, “You’re not going outside in this kind of weather are you?” Or, “You’re not going to eat that whole bag of chocolates, are you?”

I almost feel like they are scolding me before they hear my response. Their faces usually have an incredulous look on them when I tell them that yes, I go to Mexico and most frequently to Juárez on business.

Today, violent crime in Juárez, especially murders, is a fraction of what it was even two years ago. The daily mass murders, most attributable to the war between drug cartels and Mexican law-enforcement agencies for control of this important portal to the U.S., are down significantly.

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Business leaders say Mexico energy overhaul an urgent necessity

November 12, 2013

Energy -electricity_transmission_linesThe Global Post, 11/11/2013

Mexico’s powerful CCE business federation urged lawmakers to pass an historic energy overhaul without delay, saying the country “can’t wait any longer.”

If congressional approval is delayed, “we Mexicans will continue to pay more for fuel and raw materials,” the president of the CCE’s Energy Commission, Jaime Williams Quintero, said in a statement.

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In Mexico City, Ritzy Strip Meets Bumpy Road

October 2, 2013

The Wall Street Journal, 10/1/2013

people walking down city street - blurAs Mexico’s upper middle class has grown, Avenida Presidente Masaryk, the main drag in the capital city’s ritzy Polanco district, has transformed from a sleepy street of mom-and-pop shops to Mexico’s version of Rodeo Drive, packed with boutiques including Burberry, Cartier and Bulgari. But over the past two years, Mexico City’s hottest luxury shopping strip has run into growing pains: Rents have fallen and consumers have put the brakes on spending amid a period of economic uncertainty.

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Commerce secretary touts opportunities in Mexico, Pacific trade pact

September 18, 2013

Los Angeles Times, 9/18/2013

manufacutiringRecently installed U.S. Secretary of Commerce Penny Pritzker said trade opportunities with Mexico will expand as economic and security conditions improve in America’s southern neighbor.

Pritzker is headed to Mexico for her first official trade mission Nov. 18. The trip will focus on key industries such as advanced manufacturing and health information technology, she told The Times in a brief interview Tuesday after delivering a keynote address at the U.S. Saudi Business Opportunities Forum in downtown Los Angeles.

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Where Do Major U.S. Corporations Stand In The Immigration Debate?

September 17, 2013

typing on computer keyboardForbes, 9/17/2013

While major U.S. companies complain about shortages of skilled workers and restricted access to visas thousands of undocumented immigrants from Mexico and Central America continue to clandestinely cross unguarded sections of the U.S.’s southern border. The debate over immigration reform, a pressing concern for many U.S. executives, continues to stall in Congress.

Many major U.S. corporations are taking public stances to welcome immigrants and support immigration reform efforts. After all, the U.S. Citizenship and immigration Services agency has reported that this year, in less than one week companies petitioned for 124,000 H1-B visas for high skilled foreign workers, even though only 85,000 were available. Data from the U.S. Bureau of Labor Statistics indicates that the U.S. economy is home to tens of thousands of job openings for candidates with advanced and highly specific skills. Industry leaders have argued that current immigration rules prevent them from hiring enough foreign graduates with advanced degrees to meet their needs.

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That US natural-gas manufacturing boom? It’s happening in Mexico

July 3, 2013

drawing bar chartQuartz, 7/2/2013

The shale gas boom has done a lot to boost the US economy. It’s such a big deal you can see it from space. All that new natural gas has lowered energy costs, which has led analysts to wonder if it could help make America’s energy-heavy manufacturing businesses more competitive with countries that have low labor costs but over-burdened energy infrastructure. But there’s a lot standing in the way of that vision, including the potential for gas exports to affect the value of the dollar, and the observation that maybe energy costs aren’t such a big deal.

But where the US is faltering, Mexico is taking advantage of all that cheap natural gas to boost factories; last year, pipelines brought more natural gas across the border than ever before. Mexico is already successfully competing with places like China on labor prices, but its energy costs are lower, too. Combine that with its proximity to the United States and deep integration into the American supply chain, and you’ve got a recipe for export-oriented success. Pemex, the country’s state-owned oil company, is spending $3.3 billion to build a new, 750-mile pipeline from Los Ramones, Mexico, near the country’s industrial heartland, to Agua Dulce, near Texas’ shale oil fields.

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INFOGRAPHIC: Money Laundering (Part 1)

July 1, 2013

Prepared by Constance McNally

Money Laundering - Part 1

The U.S. Department of Treasury designates individuals under different sanctions programs that freeze any assets that come into any U.S. Jurisdiction. U.S. individuals and entities are also barred from participating in any transaction with a designee. These designations are compiled in a Specially Designated Nationals (SDN) List provided to the general public and all financial institutions by the Treasury’s Office of Foreign Asset Control (OFAC).[1] The U.S. Department of State estimates between $19-$39 billion is sent by drug trafficking organizations annually from the U.S. to Mexico.[2]  These designations are (and have been) an important tool in efforts to fight organized crime.  As the chart above shows, Mexico-related designations – listing a Mexican national, business, or other connection between an entity and Mexico – have averaged close to 10% of total designations during the past decade.[3]

Designations are also an effective deterrent for legitimate organizations that knowingly or unknowingly assist these criminal enterprises:  In 2012 alone, financial institutions paid over $1.13 billion to OFAC in settlements and fines. [4] Recent headlines, including HSBC’s record breaking $1.9 billion settlement ($375 million of which went to OFAC) for failing to maintain a sufficient anti-money laundering program, indicate designations will continue to be an important tool for the foreseeable future.[5]

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Why Mexico Will Be Latin America’s Tech Leader

June 25, 2013

typing on computer keyboardABC News/Univision, 6/25/2013

A global race is on to create the next Silicon Valley, and Latin America is rapidly embracing technology and innovation as it vies to be the epicenter of the next tech boom. The stakes aren’t trivial. It’s clear that the countries that can develop new ideas and technology will be the economic winners of the 21st century. That’s why the Brazilian government, for instance, recently launched Startup Brazil, a business accelerator that aims to attract local and foreign talent to build tech companies in Brazil.

The program, which will provide entrepreneurs with up to $100,000 in grant money as well as office space and access to investors, is modeled after Startup Chile, the pioneering business accelerator launched by the Chilean government a few years ago. Chile was the first Latin American country to focus on attracting startups and developing an ecosystem of innovators. Other countries in the region, like Colombia and Peru, have followed their lead.

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Wealthy Mexicans’ Investment In The United States Sharply Up in 2012

June 11, 2013

taxes -- counting coinsForbes, 6/10/2013

As the United States economy improves, wealthy Mexican businessmen are pouring millions of dollars into the largest economy in the world. They seek to take advantages of their proximity to the U.S. and its foreign investment-friendly laws.

In 2012, Mexican investment in the U.S. went up by 11% and currently stands at $27.9 billion, the U.S. Embassy in Mexico City recently reported. Many of these investments come from companies controlled by Mexican billionaires such as Grupo Elektra, Mexico’s largest electronics retailer owned by Ricardo Salinas Pliego; Grupo Bimbo, Mexico’s largest baking company and distributor of U.S. brands like Sara Lee, Arnold and Entenmanns’s, owned by the billionaire Servitje family led by Roberto Servitje; and Gruma, the world largest tortilla maker founded by Roberto Gonzalez Barrera, whose wealth at the time of his death in 2012 was $1.9 billion.

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To learn more about U.S.-Mexico business ties, click here.

 


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