Mexican economy key in driving forward plastics industry throughout NAFTA region, study says

04/18/2018 Plastics Today

plastics.jpgRecent developments in shale gas extraction have stimulated the polymer market in the NAFTA region by providing cheap polymer feedstock and facilitating an increase in domestic manufacturing productivity through low energy and operational costs. That is one of the big contributing factors to the growth of the flexible packaging market in North America, according to a new report from AMI International, a consultancy based in Bristol, UK.

The report, Polymer Demand in NAFTA,covers the third largest regional polymer market in the world and includes the world’s second largest economy in terms of purchasing power parity. Overall, the North American polymer market is forecast to grow 2.7% a year through 2022, with a moderate variation between the slowest growing market of Canada and fast-growing Mexico. Home to some of the industry’s leading polymer producers with pioneering production capabilities, the technological prowess in the U.S. has enabled development across the entire plastics supply chain, the report noted.

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Mexico’s Obrador Threatens Probes If Airport Isn’t Halted in July

04/18/2018 Bloomberg

amloMexico’s left-wing front-runner wants a $13 billion airport project halted immediately should he win election in July, threatening officials with legal action if they wait until he assumes power in December, according to his pick for transportation minister.

Andres Manuel Lopez Obrador will ask President Enrique Pena Nieto to suspend the project in July to allow for the incoming administration to carry out audits on the airport’s construction and finances, said Javier Jimenez Espriu. Moreover, contractors can’t expect cancellation fees if the project is scuttled.

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Mexico data protection body to investigate possible links to Cambridge Analytica

04/09/2018 Reuters

cambridgean.jpgMexico’s data protection body said on Monday it had opened an investigation into whether companies possibly linked to political consultancy Cambridge Analytica broke the country’s data protection laws.

INAI, the transparency and data protection regulator, said it was looking at Mexican companies that worked with cellphone app, which gives users free top-ups in exchange for receiving ads and completing surveys.

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Facebook wants to keep fake news out of Mexico presidential election

03/21/2018 Dallas News

facebookAfter coming under fire for its role in the 2016 U.S. election, Facebook Inc. is taking steps to prevent what it calls fake news during Mexico’s presidential campaign.

The social-networking giant on Tuesday placed full-page ads in prominent Mexican newspapers including El Financiero under the title “Tips to Detect Fake News.” The company’s logo appears on the top left corner.

After the election of President Donald Trump, Facebook Chief Executive Officer Mark Zuckerberg had to respond to critics who said that certain viral stories on the network — such as a false report saying that the pope had endorsed Trump — could have swayed the election. The Menlo Park, California-based company has worked with First Draft, a nonprofit journalistic coalition, to come up with tips to detect misinformation.

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Mexico auto sector down but still kicking

03/19/2018 Automotive News

automobileBy attacking the North American Free Trade Agreement, promising a U.S.-Mexico border wall and embracing protectionist policies, President Donald Trump has managed to dent Mexico’s auto industry over the last year.

But the damage is far less than what some economic analysts on both sides of the border feared, leaving Mexican trade negotiators holding a stronger hand than expected as talks to renegotiate NAFTA head into their eighth round next month.

With two months of Mexico industry numbers in for this year, the biggest casualty of the administration’s tough talk is the sharp drop in domestic Mexican auto sales.

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Mexican Candidates’ Advisers Face Off on Oil, Corruption and New Airport

03/14/2018 Bloomberg

df airport by Traveling Otter
Photo by Flickr user Traveling Otter

Advisers for Mexico’s top three presidential candidates found almost no common ground in a debate over their economic platforms in a sign of more clashes to come as the campaign heats up before July’s election.

They butted heads over front-runner Andres Manuel Lopez Obrador’s proposals to review Mexico’s landmark oil reform and to relocate a $13 billion new airport project. His adviser, Gerardo Esquivel, argued that the airport being built on sinking land is a waste of money, and he defended the leftist by attacking the current government’s record on corruption, arguing that it makes an audit of oil contracts necessary.

That led to heated exchanges over whose government and candidate have been more corrupt, mainly between advisers for those polling second and third as they seek the coveted runner-up spot, which would allow them to go head to head with Lopez Obrador.

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Google Brings Free WiFi to Mexico, First Stop in Latin America

03/13/2018 New York Times

File:Wifi.pngMEXICO CITY — Alphabet’s Google said on Tuesday that it will launch a network of free Wi-Fi hotspots across Mexico, part of the search giant’s effort to improve connectivity in emerging markets and put its products in the hands of more users.

Google Station, an ad-supported network of Wi-Fi hotspots in high-traffic locations, is launching in Mexico with 56 hotspots and others planned, the company said.

Mexico will be Google Station’s third market following India and Indonesia, and the first in Latin America.

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