Mexico Rights Commission to Probe Abuses Against Farm Workers

March 27, 2015

Fox News Latino, 3/25/2015

Migrant California vineyardMexico’s National Human Rights Commission, or CNDH, announced an investigation into alleged abuses against farm workers by both employers and authorities in the Baja California peninsula.

Personnel traveled to the San Quintin farm in Baja California state to interview laborers who last week reported being mistreated by municipal, state and federal police officers during an ongoing strike to protest poor working conditions, the CNDH said.

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Mexico Crude Output to Fall to 2.29 mn Barrels Per Day in 2015

March 25, 2015

Fox News Latino, 3/25/2015

energy - oil_rigMexican state-owned oil company Petroleos Mexicanos said it expects crude production in 2015 to come in at an average of 2.29 million barrels per day, down from 2.43 million bpd last year, the National Hydrocarbons Commission, or CNH, said.

Natural gas production also will fall this year to 6.36 billion cubic feet per day, compared to 6.53 billion cfd in 2014, the CNH said Tuesday, citing the Pemex Exploration and Production’s Quarterly Operational Program.

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Infographic: World Bank Index Challenges Perceptions of Mexico’s Most Business-Friendly Cities

March 25, 2015

taxes accounting business3/25/2015 Nearshore Americas

The World Bank’s ranking of the easiest and most difficult cities to do business in Mexico may come as a surprise to investors.

The nation’s capital, Mexico City, is the most difficult place to do business, while the relatively unheralded western city of Colima is the easiest, according to the latest Doing Business index. There is further bad news for more of Mexico’s most mature markets: the World Bank rates Guadalajara, widely known as “Mexico’s Silicon Valley,” as the eighth most difficult place to do business, while Monterrey, which is often described as the nation’s business capital, is only ranked the 16th easiest city to do business in.

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Mexico Gov’t Still Eyeing 5 pct Growth in 2018

March 24, 2015

Fox News Latino, 3/23/2015

pesoMexican Finance Secretary Luis Videgaray said the government still expects a series of recent economic reforms will lead to growth of 5 percent by the end of President Enrique Peña Nieto’s six-year term in 2018.

“I don’t have the slightest doubt that Mexico will have sustainable average growth rates in that range,” Videgaray said in an interview published Monday by El Universal newspaper.

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U.S. Trade Commission Upholds Sugar Pact With Mexico

March 20, 2015

By Anthony Harrup, Wall Street Journal, 3/19/2015

mexico-usa-flag-montageMEXICO CITY—The U.S. International Trade Commission voted unanimously Thursday to uphold an agreement that suspended duties on sugar imports from Mexico, a decision that Mexico’s Economy Ministry welcomed as positive for Mexican producers.

The USITC determined that December’s suspension agreements between the Department of Commerce and the Mexican government and sugar industry eliminated the injurious effect of imports on the U.S. domestic industry.

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With Carlos Slim Leading the Way, Mexico’s Billionaires Have a Better Year

March 4, 2015

3/3/2015 Forbes

mexican pesosThe combined net worth of Mexico’s billionaires increased $1.6 billion this year, from $142.9 to $144.5—or 1.12%. Mexican billionaires did better than in 2014, when their combined wealth dropped by 4%, but their aggregate wealth is still below the 2013 level of $148.6 billion.

Based on the 2015 Forbes billionaire data, with a net worth of $77.1 billion (equal to 6.1% of Mexico’s GDP), Mexican telecom mogul Carlos Slim Helú kept his #2 position in the world’s billionaires rankings for the second consecutive year. In 2014, Slim lost the richest-person-on-the-planet title to Microsoft founder Bill Gates who, according to Forbes, has held the title for 16 of the past 21 years.

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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.


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