Mexicans defy pandemic blues with record remittance surge

02/1/2021

Source: Reuters

JANTETELCO, Mexico (Reuters) – Alberto Burgos is one of thousands of Mexican migrants living in the United States who dug deep and sent extra money to family back home last year to alleviate the devastating impact of the coronavirus pandemic.

Growing plants and helping to handle their sale at a huge nursery in Alabama, the 35-year-old dipped into savings to transfer about a third more to his home town in central Mexico than he did in 2019, he said in an interview.

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Mexico braces for close trade scrutiny from Biden

11/29/2020

Source: Yahoo! News

After years of fiery rhetoric from outgoing President Donald Trump, Mexico is bracing for more discreet but steadfast pressure from Joe Biden’s administration to fulfill its trade obligations to the letter, analysts say.

Mexico and Canada were pressured by Trump to renegotiate the North American Free Trade Agreement (NAFTA), the 1994 pact that the Republican branded “the worst trade deal in the history of the country.”

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What the U.S. election means for Canada and Mexico

10/13/2020

Source: The Washington Post

It’s been a tricky time to be an American neighbor. President Trump announced his candidacy for the White House in 2015 with a crude attack on Mexico, casting migrants from the country as interloping “rapists,” and later vowed to make Mexico pay for a wall on the southern U.S. border. In 2018, Trump wheeled on the country to the north, invoking national security concerns to slap tariffs on certain Canadian exports. He branded Canadian Prime Minister Justin Trudeau as “dishonest” and “very weak,” while bullying his way to a renegotiation of the free trade agreement linking the continent’s economies.

In the final year of his term, Trump arguably has better relations with Mexican President Andrés Manuel López Obrador than with Trudeau. In July, López Obrador came to the White House to celebrate the signing of Trump’s rebranded version of the North American Free Trade Agreement. It was not markedly different from the treaty hashed out more than two decades ago, but it gave Trump another set-piece moment. Trudeau avoided the occasion, but López Obrador made it the first foreign outing of his presidency, no matter the rebukes of critics on both sides of the border.

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Former U.S. Ambassador Earl Anthony Wayne reflects on AMLO’s meeting with Trump and Latin America

09/04/2020

Source: Al Día

Earl Anthony Wayne was attracted to the foreign service from a young age when he became fascinated with other countries, particularly how their culture and history was different from his own.

He began to ponder the tough questions, like how countries fall into certain styles of government. What steps led to the adoption of a democracy, communism or a dictatorship?

The California native took his desire to learn about all the corners of the world and how they can work together to his years in higher education.

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U.S., Mexico ambassadors meet to share experiences, make sure countries move forward

January 28, 2020
Source: Dallas Morning News
By: Alfredo Corchado

The Woodrow Wilson’s Mexico Institute plans to produce recommendations to fine-tune the U.S.-Mexico relationship.

Religious Leaders Rally For Immigrant Rights At Capitol
WASHINGTON – MARCH 27: A protester holds an American flag and a Mexican flag while participating in a protest on the west front of the U.S. Capitol March 27, 2006 in Washington, DC. Thousands of immigration advocates rallied on Capitol Hill to protest the immigration bill that is before Congress. (Photo by Mark Wilson/Getty Images)

Former U.S. ambassador to Mexico John Negroponte worked tirelessly to convince his country to pass the North American Free Trade Agreement, leading to the two countries’ biggest economic transformation.

More than two decades later, Geronimo Gutierrez, the Mexican ambassador to the United States, worked behind the scenes to help keep both countries talking, even as President Donald J. Trump’s harsh rhetoric against immigrants offended Mexico and its people on both sides of the border. The experience, the darkest point in the relationship between the two in modern times, Gutierrez said, forced the two countries to enter a phase of “mature” thinking about their relationship.

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NAFTA Versus USMCA: Taxes, Tariffs, And Trade In North America

Source: Forbes, 01/22/2020

Concept of USMCA or the new NAFTA United States Mexico Canada ag

In this episode of Tax Notes Talk, Tax Notes contributing editor Robert Goulder discusses the decades-old North American Free Trade Agreement, the new U.S.-Mexico-Canada Agreement (USMCA), and what these agreements mean for the future of taxes, tariffs, and trade in North America.

Robert Goulder commented on the differences of the NAFTA and USMCA.

“They look a lot more like conventional legislation than they do a full-on treaty. The Senate Foreign Relations Committee, for example, is not going to have primary domain over this. It’s going to be the Senate Finance Committee. So, it looks like a treaty, and it feels like a treaty. But procedurally, it’s going to resemble just basic legislation.” Read more.

To learn more about the USMCA deal, visit the Mexico Institute’s NAFTA and USMCA Resource Page. 

Trade War ‘Uncertainties’ Scramble Denim Sourcing Map

 

photo of blue denim textile
Photo by Engin Akyurt on Pexels.com

10/08/19 – Sourcing Journal

By Arthur Friedman

Mexico has leapfrogged China as the top supplier of denim apparel to the U.S., according to new data from the Commerce Department’s Office of Textiles & Apparel (OTEXA), as the impact of the trade war with the U.S. caused major shifts in sourcing even before 10 percent tariffs on Chinese apparel went into effect on Sept. 1.

Imports of the blue denim apparel, 97 percent of which are jeans, from China fell 13.47 percent to a value of $517.78 million in the year to date through August compared to the same period in 2018, OTEXA reported. In the same period, jeans imports from Mexico increased 8.84 percent to $558.86 million.

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Mexico Says Trade Deal Dispute Panel Fix Must Be ‘Across the Board’

7/11/19 – Reuters

By Frank Jack Daniels

tmec
President Lopez Obrador celebrating the Senate’s ratification of the USMCA (T-MEC) by lopezobrador.org.mx

Mexico sees a push to close a dispute resolution loophole in the USMCA trade deal as a way to protect its interests as well as helping satisfy demands by U.S. Democrats that the deal contain stricter labor measures, a senior official said on Thursday.

Reuters reported last week that Mexico was working closely with U.S. Trade Representative Robert Lighthizer to close a loophole in the new United States-Mexico-Canada trade deal that allows a country to refuse to form a dispute panel.

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Mexico given 45 days to curb migrant flow to US

6/10/19 – BBC News

08-06-2019
lopezobrador.org.mx

The US has given Mexico 45 days to reduce the number of migrants crossing its territory on their way to the US. Mexican Foreign Minister Marcelo Ebrard on Monday gave details of a deal reached with the US to avert the imposition of tariffs on Mexican goods.

Even though no specific target has been set, the measures taken by Mexico to curb the migrant flow will be evaluated in mid July, Mr Ebrard said. If the number was not down by then, a regional solution would be sought.

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Mexico to begin ratification process for USMCA trade deal

5/30/2019 – Associated Press

CaptureMexico President Andrés Manuel López Obrador says his government is beginning the process of ratifying the new North American trade agreement.

He says the documents will be presented to the Mexican Senate on Thursday.

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