Carstens Won’t Rule Out Keeping Mexico Rates Low After Fed Move

April 20, 2015


4/19/2015 Bloomberg Business

Mexican central bank Governor Agustin Carstens doesn’t rule out keeping interest rates at a record low even after the Federal Reserve begins to tighten, given slow growth and inflation in Latin America’s second-largest economy.

He also said the country will benefit from faster growth in the U.S., and that the peso is undervalued as investors focus on the outlook for higher U.S. rates rather than Mexico’s economic potential.

“All options are open” for monetary policy, Carstens said Sunday in an interview in Washington after the spring meetings of the International Monetary Fund and World Bank.

Read more…


NAFTA, Free Trade and Mexico’s Drug War

April 17, 2015

InSightLogo_main_24bit4/7/2015 InSight Crime

Without providing the slightest evidence, the habitual enemies of free trade have launched a new campaign of lies, insisting that the North American Free Trade Agreement (NAFTA) and “neoliberal” policies in general — which according to them the United States forced Mexico to adopt — are the causes of drug violence.

I read an excerpt from Carmen Boullosa and Mike Wallace’s soon-to-be published book “A Narco History: How the United States andMexico created the ‘Mexican war against drugs.'” The book’s thesis is that NAFTA opened the US’s door to drugs from Mexico, mixing them with legal trade, which is false.

Read more…


Mexico Reports December Trade Surplus; Manufacturing Offsets Oil

January 27, 2015

By Anthony Harrup, 1/27/2015

energy - oil pumpsMEXICO CITY—Mexico ran up a trade surplus in December as a jump in exports of manufactured goods, compared with a year before, offset a slump in petroleum exports caused by lower world crude oil prices.

The $254 million surplus last month brought the trade balance for the full year to a deficit of $2.44 billion, the National Statistics Institute said Tuesday. The surplus, smaller than the $1.63 billion surplus in December of 2013, compared with expectations of a $718 million deficit according to the median estimate of eight economists polled by The Wall Street Journal.

Read more…


Mexico Says Pacific Free Trade Deal ‘feasible’ in Mid-March

January 23, 2015

Reuters, 1/22/2015

shutterstock_91867121A deal on a 12-nation Asia-Pacific trade pact could be concluded in mid-March, Mexico’s economy minister, Ildefonso Guajardo, said on Thursday.

“It’s feasible,” Guajardo told Reuters after holding talks in Mexico earlier this week with U.S. Trade Representative Michael Froman.

The pact, known as the Trans-Pacific Partnership (TPP), has faced stumbling blocks, in significant part because of wrangling between its two biggest economies, the United States and Japan, over agricultural tariffs.

Read more…


U.S., Mexico sign deal to end sugar spat, avert import duties

October 28, 2014

10/27/14 Reuters

sugarMexico and the United States reached a deal on Monday to avert potentially steep duties on Mexican sugar imports to the United States, defusing a months-long dispute that threatened to escalate into a major trade war. In the deal hammered out hours before U.S. regulators were going to slap penalties on Mexican imports, the U.S. Department of Commerce said that Mexican and U.S. officials and Mexican sugar exporters initialed a draft agreement that would suspend both anti-subsidy and anti-dumping duties on the goods, if adopted in full.

Read More…


Mexico Reports Surprise April Trade Surplus on Manufacturing

May 27, 2014

Bloomberg, 05/26/14

manufacutiringMexico reported its third trade surplus in a row in April, the longest streak in almost two years, as manufacturing exports surged, signaling the economy is recovering from a poor start to the year.

The surplus totaled $510 million last month, the national statistics agency said on its website today, more than estimated by any of the nine economists surveyed by Bloomberg, whose median projection was for a $433 million deficit. Foreign sales of manufactured goods, which accounted for 83 percent of exports last month, increased 7.1 percent from a year earlier, the most since September. Automotive exports rose 12 percent.

Read more…


IN THE BUSINESS OF BOOSTING CROSS-BORDER TRADE

November 25, 2013

The San Diego Union Tribune, 11/25/2013

Photo by Flikr user Rockin RobinThe Mexico Business Center, an arm of the San Diego Regional Chamber of Commerce, is on a mission to promote trade between Mexico and San Diego by raising the region’s business profile and strengthening its competitiveness globally while working on improving relationships between Mexico and the United States.

The MBC was established in 2003. Affairs between the two nations have always been a priority for the chamber, and it wanted to advocate specifically on issues relating to cross-border trade and creating an efficient border.

Read more…


Follow

Get every new post delivered to your Inbox.

Join 11,883 other followers

%d bloggers like this: