U.S., Mexico air transport accord enters in force, seen boosting travel

07/25/2016 Reuters

airplane.jpgThe United States and Mexico agreed to put into force a new air transportation agreement that is expected to boost travel and clear the way for any city to have direct airline service to the neighboring nation, the U.S. Transportation Department said on Monday.

It said the two countries exchanged diplomatic notes Friday to bring the agreement into effect after four years of talks. The final approval was announced by the White House during Mexican President Enrique Peña Nieto’s visit the same day to U.S. President Barack Obama.

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Mexico Consumer Prices Rise More Than Expected in Early July

07/22/16 Bloomberg

Share market prices shown on anMexico’s consumer prices rose more than expected in early July, lifting the annual inflation rate toward the central bank’s long-term target.

Prices rose 0.28 percent from two weeks earlier, the national statistics institute said on its website Friday. The median forecast of 24 analysts surveyed by Bloomberg was for a 0.24 percent increase. From a year earlier, prices increased 2.72 percent, compared with 2.53 percent at the end of June. Banco de Mexico targets inflation of 3 percent.

 

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Export Advice: Doing Business in Mexico’s Automotive Industry

07/21/ 2016 Industry Week

automobile.jpgMexico may surpass India by 2020 as the sixth largest vehicle producer globally, according to the Mexican Association of Automotive Industry. The automotive industry accounts for 18% of Mexico’s manufacturing sector and 3% of its national gross domestic product. Mexico’s auto parts industry is closely tied to its American counterpart and economic growth in the United States.Monica Martínez, commercial specialist, U.S. Embassy in Mexico City, discusses opportunities in the below Q&A. Martinez is part of the U.S. Commercial Service’s worldwide network of 108 offices across the United States and in U.S. embassies and consulates in more than 75 countries that help U.S. companies export.

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Mexico & the United States: Let’s Build Prosperity & Security

By Earl Anthony Wayne and Sergio M. Alcocer

12642332434_f5a427c4ea_zPresident Obama will receive Mexico’s President Enrique Peña Nieto July 22 in Washington.  This is a critical opportunity to highlight the importance of U.S.-Mexico ties, to underscore the substantial progress in cooperation, and to accentuate how the campaign rhetoric in the United States is out of tune with the reality of relations.  With the U.S. election approaching, it is crucial to take steps to preserve the unprecedented U.S.-Mexico collaboration that exists today.

U.S.-Mexico relations touch the daily lives of more citizens of both countries than do ties with any other country in the world.  Over 30 million U.S. citizens of Mexican heritage, our interconnected economies, the 1,990-mile border and our shared environment link us uniquely.  The two governments have established a comprehensive network of mechanisms that put bilateral relations in the best place they have been in memory.  Officials work together to take advantage of mutual opportunities and to solve shared problems across a wide spectrum of issues, with input from “stakeholders” in the relationship.

There is still a lot of serious work to do to address the problems out there and to take advantage of the opportunities of the region.   Each government has experienced professional ambassadors and teams in place to help guide the work during the U.S. leadership transition.  But, simplistic explanations of the problems or solutions distract us from the good work underway and the hard work still needed to deal with the serious challenges ahead.  As the United States prepares for a presidential transition, the two countries should solidify the mechanisms and engagements that are doing the hard, policy and technical work of enhancing both of our nations’ economic and national security.  These include the High-Level Economic Dialogue (HLED), the 21st Century Border process, the bilateral Security Coordination Group, and the Bilateral Forum on Higher Education, Innovation and Research (FOBESSII).  The U.S.-Mexico relationship is too important for both countries not to continue this work.

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Mexico postpones wholesale telecoms network bidding again

Reuters 07/16/16

GerardoRuizEsparzaMexico has postponed the bidding process for a planned wholesale telecommunications network by more than a month, the government said, in the latest upset to the project which has been plagued by delays since its inception.

In a statement on Friday evening, the Communications and Transport Ministry said proposals must now be submitted by Oct. 20, pushed back from the Sept. 8 deadline. The ministry said would-be bidders needed more time to secure financing for the project.

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Saving Globalization: Two Decades Into Nafta, Mexico’s Wins Range From Tacos to Engineers

07/12/2016 Bloomberg

globalizationGlobalization is under fire in some developed economies. But in parts of the Americas voters are embracing leaders looking to deepen integration and trade. Bloomberg Benchmark is publishing a series of conversations with regional thought-leaders on the topic of globalization. Pedro Aspe was finance minister when Mexico signed Nafta, and is currently the Chairman of Evercore Partners Inc. in Mexico. Bloomberg’s Craig Torres conducted the interview, which was condensed.

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Transcript: WSJ’s Interview with Bank of Mexico Governor Agustín Carstens

07/11/16 The Wall Street Journal

agustin_carstens
Agustin Carstens

Bank of Mexico Governor Agustín Carstens spoke with Juan Montes, David Luhnow and Anthony Harrup of The Wall Street Journal at the central bank’s headquarters in Mexico City on Friday, July 8, 2016.

He commented on the world economy in the wake of Brexit and the reasons why the Bank of Mexico opted for a bigger-than-expected half-percentage-point interest-rate increase on June 30.

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