Explaining Mexico’s Consumer Paradox

08/24/16 The Huffington Post 

Pesos by Flickr user AleiexThe disassociation between consumer confidence and consumer spending habits over the past two years has been one of the Mexico’s most interesting economic puzzles. The economy remains stuck in a three-year slowdown (GDP contracted in the second quarter by a sequential 0.3%), tighter fiscal and monetary conditions are in place as a result of low oil prices and a weak peso, and the string of corruption and impunity scandals surrounding the political class (and particularly the ruling PRI) appears to have no end in sight, even despite the passage of anti-corruption legislation.

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U.S.-Mexico Agricultural Trade: Opportunities for Making Free Trade Under NAFTA More Agile

08/22/2016 USDA Economic Research Service

us mex flagAs part of the North American Free Trade Agreement (NAFTA), Mexico and the United States gradually eliminated all tariffs and quotas governing bilateral agricultural trade during a 14-year transition period from January 1, 1994, to January 1, 2008. The same period saw growing cooperation between the two countries on sanitary, phytosanitary, and other regulatory issues affecting the agricultural and processed food sectors—a process that continues to this day. Together, this sweeping trade liberalization and ongoing regulatory cooperation made possible a dramatic increase in U.S.-Mexico agricultural trade.

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Sen. John McCain says he’ll support NAFTA, Arizona economy if re-elected

08/16/2016 KTAR News

NAFTAPHOENIX — U.S. Sen. John McCain (R-Ariz.) told a crowd on Tuesday that he would continue to support free trade agreements such as NAFTA should he be re-elected.

“If you don’t believe in trade agreements, then, fundamentally, either you think the agreement itself is unfair … or you don’t believe in the American worker,” McCain told the Greater Phoenix Chamber of Commerce.

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Needing NAFTA

08/12/2016 Houston Chronicle

tres amigosWe all know about the Great Trump Wall and how it will keep murderers, rapists and disease-bearing illegal immigrants from rampaging out of Mexico and into the United States. Even though illegal immigration from Mexico is at its lowest since the 1970s, the Wall remains a Donald Trump staple much beloved by the candidate’s devoted followers.

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The Hidden Costs of a Possible U.S.–Mexico Trade War

08/05/2016 Wharton, University of Pennsylvania

mexico-usa-flag-montageIn the race for the White House, both Republican Donald Trump and Democrat Hillary Clinton have incorporated skepticism about free-trade pacts into their presidential campaign platforms. While Trump has attracted more attention than Clinton by arguing that the U.S. should seriously consider pulling out of the three-nation North American Free Trade Agreement and the 164-nation World Trade Organization, both candidates have criticized the impact of NAFTA on U.S. jobs growth, and opposed U.S. membership in the Trans-Pacific Partnership (TPP) on the grounds that the 12-nation free-trade bloc, yet to be enacted, would have a harmful impact on U.S. economic growth and job creation.

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Mexican consul: NC’s relationship with Mexico an important one

08/10/2016 The Daily Reflector

gomez arnau.jpeg
Photo Credit: San Diego Magazine

The new Mexican consul general for the Carolinas said many people don’t understand the contributions that Mexicans make to the economy of North Carolina.

“Many people don’t know that Mexico is the second biggest export market,” said Remedios Gomez Arnau. “Many people don’t know that there are five big Mexican companies in North Carolina creating jobs.

“Many people don’t know that there are 200,000 jobs in North Carolina depending on the trade with Mexico,” Arnau said. “Many people don’t know that the migrant workers of Mexico that are working here, if they were expelled from North Carolina, it would cost a lot of money to the economy of North Carolina and that many jobs would be lost also.”

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Demand drives $3bn Mexico bond deal at record rate

08/09/16 Financial Times 

pesomexicanoMexico sold nearly $3bn of debt on Monday at record low rates, as emerging market portfolio managers seek to put billions of dollars that have flowed into the asset class to work.

Orders for the two-part US dollar bond deal surpassed $9bn as Mexico readied to refinance debts coming due early next year with lower cost paper, according to four people familiar with sale

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