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.


Brazil to Seek Lower Auto Quota with Mexico to Shield Industry – Sources

February 20, 2015

By Alonso Soto, 2/19/2015

cars in trafficBrazil will seek to reduce the dollar amount of vehicles that Mexico sells duty-free to the South American nation, two sources familiar with the matter said on Thursday, raising tensions in upcoming trade negotiations between Latin America’s largest economies.

Mexican and Brazilian officials will start talks on Friday over an automotive treaty due to expire on March 19. Mexico is pushing to upon up trade as its auto industry booms, while Brazil wants to renew a quota on light vehicles that protects its struggling factories.

Read more…


Coca-Cola Caught up in Southern Mexico Protest, 10 Injured

February 20, 2015

By Mark Stevenson and E. Eduardo Castillo, 2/19/2015

120px-Coca-Cola_logo.svgProtests in the southern state of Guerrero around the disappearance of 43 students have meant regular blockades and attacks and robberies of vehicles delivering everything from milk to snacks in recent months.

But the conflict reached a new level late Wednesday when protesters temporarily detained employees of Coca-Cola Co., igniting anger in a business sector already frustrated by struggles to operate in the social turmoil.

Read more…


Mexico’s Tourism Activity Rises 3.4 pct. in 2014

February 18, 2015

Fox News Latino, 2/17/2015

Passport and Mexican PesosMexico’s tourism activity expanded by 3.4 percent in the third quarter of 2014, compared to the same period in the previous year, the National Institute of Statistics and Geography, or INEGI, said Tuesday.

Spending by foreign and domestic tourists rose 2.8 percent in the July-September period, compared to the same period in 2013, the statistics agency said in a statement.

Read more…


Oil Price Plunge to Affect Mexico’s Private Tenders

February 9, 2015

2/5/2015 Wall Street Journal

telecomunicaiconesThe collapse of oil prices means Mexico’s government will likely get less profit than initially expected from private tenders—the first in eight decades—as companies will seek greater returns in exchange for putting their money in the country, said the head of the agency in charge of organizing the bidding.

“In a context of low prices, the government will capture a smaller share of profits…so that the contractor maintains a reasonable profitability,” Juan Carlos Zepeda, the president of the National Hydrocarbons Commission, said in an interview Wednesday.

Read more…


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.

Read more…


China Rail Builder Seeks Compensation Over Canceled Mexico Bullet-Train Project

February 3, 2015

By Carlos Tejada, 2/3/2015

Train Tracks by HeraldicosBEIJING—A Chinese rail-construction company is seeking compensation from Mexican officials stemming from a halted $3.7 billion Mexican high-speed-rail project.

In a statement Tuesday to the Shanghai stock exchange, China Railway Construction Corp. said it was still in negotiations with “the Mexican side and will update if there is important progress.” It didn’t offer further details, but said the postponement won’t have a major effect on its operations.

In November, CRCC warned it would resort to legal means to protect its interests after the contract was revoked.

Read more…


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