admin News Foreign Trade, Mexican Economy, Tariffs, Trade agreements 0
The Mexican government has announced a significant trade measure by imposing temporary tariffs on 544 tariff lines for countries without trade agreements with Mexico. These tariffs, ranging from 5% to 50%, will affect a wide range of products, including steel, aluminum, chemicals, oils, soap, paper, cardboard, ceramics, glass, electrical materials, musical instruments, and furniture, among […]
admin News Employment, Foreign Direct Investment, Foreign Trade, Private Sector 0
The Mexican Ministry of Economy has announced that, from January 1 to April 15, 2024, investment announcements totaling $36.153 billion have been registered from the private sector. These announcements comprise a total of 93 distinct projects carried out by private companies. It is estimated that these investments will generate approximately 47,702 new direct jobs in […]
admin News Asia-Mexico, Foreign Trade, Logistics, Maritime Rates 0
The maritime transport market between Asia and Mexico has undergone significant changes in recent months. According to Eternity Group Mexico’s EAX Index, vessel capacity has increased significantly, with an addition of approximately 20,000 TEU (20-foot containers) in weeks 12 and 14 of this year. This expansion in space availability has led to an 8.12% decrease […]
admin News Automotive Industry, Exports, Foreign Trade, USMCA 0
During the first two months of the year, Mexico solidified its role as the United States’ primary trading partner, outpacing trade giants like China and Canada. Mexican exports to the US saw an impressive growth, reaching a record-breaking $78.287 billion between January and February. This surge represents a significant 7.7% increase compared to the same […]
admin News Economic Growth, Foreign Trade, Import and Export, Mexican Ports 0
The port of Manzanillo, known as the main port on the Mexican Pacific coast, has experienced an intense commercial activity and significant growth in the first quarter of 2024. According to data provided by the Administration of the National Port System (Asipona), the port handled a total of 8,324,581 tons of cargo in import and […]
admin News Agri-industrial Products, Economic Growth, Foreign Trade, Trade Balance 0
In the first two months of the year, Mexico’s international agri-food trade experienced significant growth, reaching a total of $16.626 billion. The Ministry of Agriculture and Rural Development (Sader) highlighted that agricultural and agri-industrial exports amounted to $9.059 billion, representing an 8.85% increase compared to the same period last year. Concurrently, imports recorded a 2.32% […]
admin News Automotive Industry, Economic Growth, Foreign Trade, Mexican Ports, TMAZ 0
Terminal Marítima Mazatlán (TMAZ) has achieved a prominent position as the second automotive port operator on the Mexican Pacific coast, thanks to its strategic negotiations with major Chinese automotive companies. One of the most significant collaborations has been with Chery Automobile Co. Ltd., known in Mexico as Chirey, making TMAZ one of its main clients […]
admin News Economic Forecast, Foreign Trade, GDP Growth, Merchandise Trade 0
The World Trade Organization (WTO) forecasts a 2.6% growth in the volume of global trade in products for the year 2024, followed by an increase of 3.3% in 2025. Despite a 1.2% decline in trade last year, the WTO anticipates a gradual recovery driven by decreasing inflationary pressures and improving real household incomes. The decline […]
admin News Economic Growth, Foreign Direct Investment (FDI), Foreign Investment, Foreign Trade 0
In a significant milestone for trade relations between Mexico and France, representatives from both nations convened during the celebration of the 140th anniversary of the Franco-Mexican Chamber of Commerce and Industry (CCI France Mexico) on April 9, 2024. During this gathering, an agreement was reached to strengthen collaboration between the two countries, focusing on identifying […]
admin News Economic Growth, Foreign Trade, Supply Chain, World Trade Organization (WTO) 0
The latest report from the World Trade Organization (WTO) presents a mixed outlook for global merchandise trade. Following a decline in 2023, modest growth of 2.6% in 2024 and an increase of 3.3% in 2025 are projected. Although these figures indicate a gradual recovery, concerns persist due to regional conflicts, geopolitical tensions, and global economic […]