AMLO signs new agreement with private sector partners to fortify anti-inflation plan

10/04/2022

Source: Mexico News Daily

The federal government has reached a new agreement with a range of private companies that aims to keep prices of basic food products down amid inflation that reached almost 9% in the first half of September.

President López Obrador and Finance Minister Rogelio Ramírez de la O on Monday presented an enhanced version of the purported inflation-busting plan that they first announced in early May.

READ MORE

Mejora panorama del desempleo en estados del país

28/09/2022

Fuente: El Universal

Pese a que la tasa de desocupación en México reportó un ligero aumento de julio a agosto pasado, el número de estados con un nivel de desempleo superior a la media nacional se redujo de 13 a 11 en ese periodo, como consecuencia de la recuperación del mercado laboral.

A nivel nacional, la población desocupada, es decir quienes se encuentran sin laborar, pero que buscan trabajo, fue de 2.1 millones de personas el mes pasado, lo que representó 3.5% de la Población Económicamente Activa (PEA), tasa ligeramente mayor a la de 3.4% reportada un mes antes, de acuerdo con datos del Inegi.

LEA MÁS

Chinese Manufacturers Get Around US Tariffs With Some Help From Mexico

Source: Bloomberg

9/14/2022

When César Santos was growing up in the 1960s, he spent his weekends surrounded by horses and cattle on his father’s ranch outside Monterrey, Mexico. Today, a red monolith emblazoned with the words “Hofusan Industrial Park” announces that the patch of dusty wasteland has a new purpose.

Located in a prime spot between Mexico’s industrial capital and the US border, Hofusan has become a haven for Chinese manufacturers looking to sidestep US tariffs and shorten supply chains that have been strained to a breaking point during the pandemic. The 11 plants and warehouses on the 850-hectare (2,100-acre) estate are part of the latest chapter in Chinese capitalism: The country dubbed the world’s factory now also exports white-collar managers to set up and run operations in places such as Vietnam, Thailand, and Mexico.

Read more

Mejora S&P perspectiva de México de negativa a estable

Fuente: El Universal

06/07/2022

La calificadora Standards And Poor’s ratificó las calificaciones en moneda extranjera de largo plazo de ‘BBB’ y en moneda local de ‘BBB+’ de México y revisó la perspectiva de las calificaciones soberanas del país a estable de negativa.

 “A pesar de las presiones sobre la inflación y el crecimiento, en medio de shocks de precios internacionales y el creciente riesgo de recesión en Estados Unidos, esperamos que continúe la ejecución cautelosa de las políticas fiscales y monetarias de México durante lo que resta del gobierno de Andrés Manuel López Obrador y que el índice de deuda neta del gobierno general del país se mantenga estable”, explicó.

LEER MÁS

Can Mexico turbocharge pandemic nearshoring by US firms?

Date: February 18, 2022

Source: Aljazeera

Mexico City, Mexico – The CEO of the United States Business Association of E-Commerce (USBAEC), Tayde Aburto, has a message for the Mexican government: Encourage more US firms to move businesses they have offshored to China and Southeast Asia closer to home.

“Some of our members have been successfully nearshoring to Mexico for several years,” Aburto told Al Jazeera. “About 5 percent of our members had taken up nearshoring prior to the pandemic.”

Read More.

Remittances to Mexico soar during Covid pandemic

Date: Jan. 26, 2022

Source: NBC News

COMACHUÉN, Mexico — Mexico’s remittances — the money Mexican immigrants in the U.S. and other countries send home to their relatives — have soared in the past two years, and are now expected to top $50 billion for the first time once 2021′s figures are added up. That would surpass almost all other sources of Mexico’s foreign income.

But as happy as the Mexican government is about the news — it calls the migrants “heroes” — the boom raises questions: Will Mexicans always have to emigrate? And is it sustainable, or just blip fueled in part by U.S. government pandemic support payments?

Read More.

Mexico president says pitched plan to curb import reliance at leaders summit

Source: Reuters

MEXICO CITY, Nov 22 (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Monday he proposed a plan last week to boost investment in North America to reduce reliance on foreign imports in his talks with U.S. President Joe Biden and Canada’s Prime Minister Justin Trudeau.

During the summit in Washington, Lopez Obrador said if North America did not move to strengthen its economy, the region risked being left behind by China, and suggested Canada and the United States should make more use of migrant labor.

READ MORE

Arizona-Mexico trade relationship continues to boost border economies

Border_USA_Mexico

12/02/19 – Chamber Business News

By Graham Bosch

Mexico is Arizona’s top trading partner, accounting for about 30 percent of the state’s exports to foreign markets, according to an extensive ongoing study by the Eller College of Management at the University of Arizona.

With that in mind, it’s no wonder that business leaders, trade experts and economists agree the cross-border relationship is of the utmost importance to Arizona when it comes to trade, manufacturing, education, safety, tourism and more.

Read more…

Telefonica teams up with AT&T in Mexico in new bid to take fight to Slim

cell phones 2

11/21/19 – Reuters

By Julia Love

Spanish telecoms giant Telefonica has struck a deal to use some of U.S. rival AT&T’s infrastructure in Mexico, a move analysts said would better position both to compete with the market’s juggernaut, billionaire Carlos Slim’s America Movil.

Under the agreement announced on Thursday, Telefonica will use AT&T’s wireless ‘last-mile’ equipment – the final link of telecom networks that delivers service to consumers through towers, antennas and fiber-optic cables.

Read more…

Parts with passports: how free trade drives GM’s engines

automobile car drive grass
Photo by Mike on Pexels.com

11/18/19 – Reuters

By Nick Carey

Long before the pistons for General Motors Co V-6 engines reach the U.S. No. 1 automaker’s Romulus, Michigan plant, they are seasoned international travelers.

Powdered aluminum from Tennessee is shipped to Pennsylvania and forged at high temperatures into connecting rods for the pistons, which are then sent to Canada to be shaped and polished. They are then shipped to Mexico for sub-assembly and finally the finished pistons are loaded onto trucks bound for Romulus to become part of a GM V-6 engine.

Read more…