Mexico Easing U.S. Poultry Ban Shows Ebbing Threat of Flu

March 25, 2015

Bloomberg Business, 3/24/2015

mexico-usa-flag-montageMexico’s move to start allowing some imports of American chicken and turkey from states with commercial bird-flu cases signals that the disease’s threat to U.S. poultry exports is starting to subside.

Mexico will accept shipments of some poultry from the states if the products are destined for further domestic processing, according to an update Tuesday on the website for the U.S. Department of Agriculture’s Food Safety and Inspection Service. Other nations may follow suit, according to Farha Aslam, a New York-based analyst for Stephens Inc.

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Mexico to Sell Dollars to Support Peso

March 11, 2015

By Anthony Harrup, Wall Street Journal 3/11/15

dollarsThe Bank of Mexico will sell additional dollars to support the peso, which fell this week to its weakest level to date against the U.S. dollar, the foreign exchange commission said on Wednesday.

For the next three months, the central bank will offer $52 million a day at auctions, in addition to the $200 million it sells on days when the peso weakens 1.5% from the previous session’s fixing.

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Heineken investing $480 mln to build brewery in Mexico

March 11, 2015

Reuters, 3/10/15

heinekenDutch brewer Heineken said on Tuesday it will invest 7.5 billion Mexican pesos ($480 million) to build a brewery in Mexico to supply U.S. and Mexican markets.

The brewery in the northern state of Chihuahua will produce five million hectoliters (132 million U.S. gallons) of beer per year, said Marc Busain, managing director of Heineken’sMexico unit Cuauhtemoc Moctezuma, but that could be expanded.

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Mexico and UK Sign Extensive Joint Declaration

March 6, 2015

The Yucatan Times, 2/5/2015

Photo Courtesy of President's Office

Photo Courtesy of President’s Office

Mexican Foreign Affairs Secretary José Antonio Meade Kuribreña and British Foreign Secretary Philip Hammond signed an extensive joint declaration on the second day of President Enrique Peña Nieto’s state visit to the United Kingdom.

The secretaries divided the document into categories: political dialogue, economic dialogue and investment, culture and education, tourism, energy, defense and security, human rights, health, space, diplomatic and expert exchanges, global matters, climate change, post 2015 agenda and open government alliance.

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UPCOMING EVENT! Strengthening Regional Competitiveness: An Update on the U.S.-Mexico High Level Economic Dialogue

February 26, 2015

obama_nieto_featureWHEN: Wednesday, March 4, 9:30-11:00am

WHERE: 6th Floor Auditorium, Woodrow Wilson Center, Washington, DC

Click here to RSVP.

When Presidents Obama and Peña Nieto announced the creation of U.S.-Mexico High Level Economic Dialogue (HLED) in May 2013, they established a new strategic vision for economic cooperation, focused on delivering tangible and positive economic benefits to the people of the United States and Mexico. Stakeholder engagement is a fundamental component of the HLED, as highlighted by its inclusion in the recently announced list of 2015 strategic goals. Other key areas of work for the year include energy; modern borders; workforce development, regulatory cooperation; and partnering for regional and global leadership. Speakers will discuss the accomplishments of the HLED and priorities in U.S.-Mexico economic cooperation for the coming year.

Speakers

Stefan Selig
Under Secretary for International Trade, U.S. Department of Commerce

Catherine Novelli
Under Secretary for Economic Growth, Energy, and the Environment, U.S. Department of State

José Raúl Perales
Assistant Secretary for the Private Sector, U.S. Department of Homeland Security

Susan Kurland
Assistant Secretary for Aviation and International Affairs, U.S. Department of Transportation

Adam Sieminski
Administrator, U.S. Energy Information Administration, U.S. Department of Energy

Lori Faeth
Acting Assistant Secretary for Policy and International Affairs, U.S. Department of the Interior

Kenneth Smith Ramos
Minister Counselor, Trade and NAFTA Office, Embassy of Mexico

For more information, or to RSVP, click here.

A live webcast will be available here.


How to Boost Border Competitiveness? Just Ask the Folks There.

February 10, 2015

2/10/2015 Forbes.com

By Christopher Wilson and Erik Lee

border coverFor years, the United States’ southern border with Mexico has provoked a range of fears, from terrorism and drugs to overwhelming numbers of unauthorized immigrants, prompting a security-first and often security-only approach to border management. Fear-based rhetoric may resonate in the echo chambers of Washington DC, but it feels wholly out of touch to most (though not all) residents of border communities.

Thankfully, with U.S.-Mexico trade at historic highs and growing faster than trade with any other major trading partner, it is increasingly difficult to ignore the importance of safe and efficient border management to the regional economy. U.S.-Mexico trade is now valued at well over a half trillion dollars per year, 80 percent of which crosses the U.S.-Mexico land border. This trade supports around six million U.S. jobs, and systems of co-production in manufacturing allow companies to combine the comparative advantages of the United States and Mexico, boosting the competitiveness of North America as a whole.

These trends are leading some political leaders to the realization that many in the border region have known for years: the border itself creates a lot of economic opportunity for both nations. And these folks in the border region—popularly imagined to be barely hanging on in a hail of gunfire, even on the sleepy U.S. side—are careful observers of what works and what does not work in terms of trade and economic development. Knowing this, we joined several other organizations in a year-long deep dive into the inner workings of the U.S.-Mexico border economy. But then even we were surprised by the sheer number, variety and magnitude of ideas emanating from this enormous, misunderstood and underappreciated region.

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Will it be déjà vu for Mexico in 2015?

February 9, 2015

2/6/2015 Financial Times

mexican-flag1Not even two months into the new year and optimism about Mexico’s economic outlook is dimming.

Economists have trimmed their GDP forecasts for Mexico this year to an average of 3.2 per cent, according to the latest biweekly survey by Banamex published on Friday. That’s down from 3.36 per cent in the previous survey.

The median estimate for 2016 has also fallen, to 3.69 per cent from 3.77 per cent.

The diminished expectations come on the heels of the government’s decision to slash its 2015 budget by 124bn pesos ($8.3bn) — or the equivalent of 0.7 per cent of GDP — as it braces for the impact of lower oil prices.

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