Seeking to improve understanding, communication, and cooperation between Mexico and the United States by promoting original research, encouraging public discussion, and proposing policy options for enhancing the bilateral relationship.
10/29/2021
Source: Mexico News Daily
A Saudi-Arabian backed group of entrepreneurs wants to bring the Grand Prix to Cancún, Quintana Roo, and hopes to tie up a five-year deal.
The Mexican investors — alongside five foreign investors — plan to present a letter of intent at the Mexican Grand Prix on November 6-7. It will be addressed to Jean Todt, president of the Fédération Internationale de l’Automobile (FIA), and Stefano Domenicali, the CEO of Formula 1 (F1).
Source: Reuters
Mexico’s manufacturing sector stands to benefit from a U.S. transition away from fossil fuels including through the creation of jobs for making electric vehicles, John Kerry, climate adviser to U.S. President Joe Biden, said on Monday.
“Mexico’s industrial base, already deeply integrated with the rest of North America, absolutely stands to benefit from the energy transition,” Kerry said alongside Mexican President Andres Manuel Lopez Obrador in Mexico’s Chiapas state, near the southern border with Guatemala.
Source: TechCrunch
Just six months after raising $3.3 million in seed funding, Mexico City-based Higo announced today it has raised $23 million in a Series A round led by Accel.
Tiger Global Management also participated in the financing, along with existing backers Haystack, Homebrew, Audacious, Susa Ventures and J Ventures. A number of angel investors also put money in the round, including Stripe COO Claire Hughes-Johnson and Cristina Cordova, former head of partnerships at Stripe.
05/21/2021
Source: Bloomberg
Mexican President Andres Manuel Lopez Obrador said his country isn’t in the business of canceling contracts with private companies even as he shied away from directly addressing a battle between Mexico’s state-owned power company and Wall Street giant Goldman Sachs Group Inc.
“We’re recognizing the contracts in all cases. I don’t have details about this operation. I’ll get information and I’ll provide it here, but they’re not canceling the contracts,” Lopez Obrador said, discussing the issue publicly for the first time. He spoke about the dispute between the utility he’s championed and the U.S. bank during a press conference Friday.
January 28, 2020
Source: KTSM.com Julian Resendiz
EL PASO, Texas (Border Report) — The State of Arizona is strengthening ties with its biggest trading partner through the planned opening of two business offices in Mexico later this year.
The new trade and investment office in Guanajuato will help Arizona companies crack into the supply chain of a thriving automotive-assembly market — as well as into agrobusiness — in a region of Mexico known as “El Bajio” (The Lowlands). The new Chihuahua state office will be a door to a robust aerospace parts and manufacturing center south of the border that includes suppliers for Honeywell and Bell Helicopter, Arizona officials say.
To learn more about opportunities for strengthening economic ties between the U.S. and Mexico, innovation and development in key industries, check out our publications.
Date: January 15, 2020
Source: Reuters
By: Daina Beth Solomon
MEXICO CITY (Reuters) – Spurred on by labor protections in the new North American trade deal, a top Mexican trade union has accused Home Depot of blocking union activity and threatened strikes next week if the U.S. home improvement chain does not improve pay and benefits for workers.
The Revolutionary Confederation of Laborers and Farmworkers, or CROC, is pressing for a 20% raise, benefits such as 20 annual vacation days and more contributions toward transportation, school supplies, food and savings funds.
For more information and a deep analysis of the USMCA, don’t forget to visit our website.
January 13, 2020
Source: The New York Times
MEXICO CITY — At least three Chinese automakers are preparing to produce vehicles in Mexico or expand existing operations, the Mexican ambassador to China said on Monday, in what would be a boost to one of the Latin American country’s top export industries.
Jose Luis Bernal, Mexico’s ambassador to China, said that over the past year and a half his office has seen more interest from Chinese firms looking to make cars in Mexico.
January 7, 2020
Source: DailyFX
By: Paul Robinson
To end 2019, USD/MXN broke out of the three-year-long triangle it had been building as a result of declining volatility. The break so far has held minimal velocity which could change quickly if last year’s low at 18.7433 is broken. The lack of momentum could also mean we are in for a ‘fake-break’.
January 8, 2020
Source: The Wall Street Journal
By: Robbie Whelan
All rights reserved by heikoosMexico City— One of Mexico’s largest oil discoveries of the last two decades, the Zama field in the shallow waters of the southern Gulf of Mexico, likely contains 670 million barrels of recoverable oil, according to new estimates released by a consortium of drilling companies that owns rights to it.
Check out the latest Mexico Institute publications on Mexico’s energy reform debate, as well as opportunities for U.S.-Mexico cooperation on solar, wind and bioenergy projects.
12/05/19 – CNBC
By Lauren Feiner
House Speaker Nancy Pelosi, D-Calif., is pushing to keep a key legal shield for tech companies out of a new trade agreement with Mexico and Canada. The Wall Street Journal first reported the news on Thursday.
The effort could throw a wrench into progress Congress seemed to be making on the pact and would be a blow to tech companies who already fear losing the legal protection within the U.S. Just last week, Pelosi said House Democrats were “within range” of reaching a pact they can support for the United States-Mexico-Canada Agreement, or USMCA, which would replace NAFTA.
Mexico Institute 