U.S. lawmaker urges openness in sugar trade deal with Mexico

07/21/16 Reuters

us mex flagA U.S. senator who advocates sugar reform is pressing the Department of Commerce to seek public feedback on any sugar trade deal it negotiates with Mexico in talks now under way, according to a letter sent on Thursday.

Democrat Jeanne Shaheen raised concerns in a letter seen by Reuters that a controversial 2014 trade agreement for U.S. sugar imports from Mexico may be renegotiated without public comment from interested parties like sugar buyers and candy makers.

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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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Mexican official: Integration with US ‘must continue’

07/13/2016 The Hill

calzada.jpgThe economic integration of the United States and Mexico will continue no matter who wins the White House in November, according to Mexico’s secretary of agriculture.

Secretary José Calzada Rovirosa told The Hill in an interview that immigration is no longer the crux of the U.S.-Mexico relationship. The emergence of the two countries as strategic allies, he said, “not only can, but must” continue.

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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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Mexico’s bank chief faces Brexit fallout

Financial Times 07/05/16

agustin_carstensMexico’s central bank governor Agustín Carstens expects his country can maintain its 2.4-2.5 per cent growth rate in 2016, in spite of economic headwinds and Brexit-related fallout.

Matching last year’s growth of 2.5 per cent will not be easy for a country battling a battered peso and inflationary pressures that last week prompted a surprise half-point rate rise.

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Pacific Alliance finance ministers eye financial integration

06/30/16 Reuters

FernandoAportelaThe Pacific Alliance trade bloc must improve integration of financial systems to spur investment in key areas such as infrastructure, finance ministers from the four member nations said on Thursday.

The group, composed of Colombia, Mexico, Chile, and Peru, has already reached several accords in areas such as free commerce and immigration rules. But at a summit in the scenic Chilean towns of Frutillar and Puerto Varas, financial leaders stressed that significant opportunities for integration remained.

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Why More Gas Is Moving From California to Mexico Amid Heat

06/29/16 Bloomberg

California is warning of natural gas shortages and potential blackouts this summer after a historic leak near Los Angeles. Meanwhile, more of the power-plant fuel is flowing from the state into Mexico.

Deliveries to the North Baja pipeline system in Mexico through California jumped 45 percent to 441 million cubic feet on Wednesday compared with two weeks ago, according to data compiled by Bloomberg New Energy Finance. They’re 6 percent higher than year-earlier levels, the data show.

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