With climate talks limping along, President Calderon has refused to give in to this slow momentum. Renewing his promise to real and sustainable change for the future, the President will look toward his nation to “rescue” the failing talks, all in anticipation of the summit on climate change this December in Mexico.

According to James Murray of BusinessGreen, “speaking in an interview with Reuters a few days ago, Mexico’s chief negotiator Fernando Tudela said the host nation accepted the Cancun summit would not deliver an international climate change treaty, but insisted a “spectacular breakthrough” was still possible.

Tudela said the Mexico summit would aim to deliver “a set of meaningful decisions” on issues such as climate financing and adaptation, while also engineering an end to the “regime standoff” that has marred past negotiations.

“We have a window of opportunity that is closing,” he said. “What we want to do is rescue these negotiations.”

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The antitrust board of Mexico has turned their sites on Tortilla prices, citing a lack of competition in the existing market.

Eduardo Perez Motta, the commissioner of the board, has cited unclear municipality policies as the cause of a downturn in new competitive entrants into the market.

“These guidelines are a tool for municipal governments to reform their regulations to favor the consumer, eliminating privileges that affect the society,” Perez Motta said.

To read the full story, click here.

Mexico has hit another milestone in its recovery efforts, churning out the highest factory productivity in nearly four years.

The  Mexican Institute of Financial Executives released its findings earlier this month, as the organization concludes that further progress lies ahead.

“The IMEF factory index rose to 54.6 in April from a revised downward 53.7 in March, the Mexican Institute of Financial Executives, or IMEF, said in a report. The last time the index had such a high reading was in November 2006, at 55.4 points.

Readings of 50 and above signal likely expansion in subsequent months. The index first rose above that level last July.

Last week the central bank revised upward its outlook for growth this year, expecting Mexico’s economy to expand between 4 percent and 5 percent in 2010 as Latin America’s second largest economy recovers from a deep recession.”

To read the full Reuters article, click here.

Foreign leaders have once again congregated in Cancun, this time to discuss the current state of the oil market.

Members of the International Energy Forum banded together to pledge greater responsiveness and consideration, particularly in response to calls for increased transparency in the oil market.

“With regard to energy market volatility, energy markets should be as transparent as possible,” said a joint declaration issued by the International Energy Forum.

To read the full AFP article, click here.

A new KPMG studied concluded that Mexico is the most affordable place to do business, as compared with other similar nations around the globe.

In terms of cost effectiveness, the nation has a 18.2 percent business cost advantage relative to the United States.

“The global recession has not been the only factor impacting international business over the last two years,” said Simon Harding, associate partner in KPMG’s Advisory Services practice and head of its Canadian Strategic & Commercial Intelligence practice.

“Divergent trends in exchange rates, utility and transportation costs, taxes, and incentives have all helped to shape the international competitiveness environment in 2010.”

To read the full article, click here.

France has elected to go with Mexico to host two new plants to push their aerospace program into the 21st century, according to Reuters.

Safran, the French aerospace outfit, has chosen to continue their production at two new plants in central Mexico, investing over $150 million into the project.

The move was lauded by French and Mexican officials alike.

“We have decided to make a competitive production chain that will permit this country, in years to come, to fly an aircraft completely designed and built in Mexico,” President Calderon said.

To read the full article in Reuters, click here.

President Calderon announced this week that Mexico intends to play a strong role in the future of cinema, putting forth a $20 million dollar program to incentive filmmakers to travel south.

According to Reuters, “Managed by state-run film financing agency Imcine and Mexican trade and investment body ProMexico, the program offers tax rebates of 7.5% on film productions that exceed the amount of 70 million pesos ($5.5 million). By Mexican standards, where the average budget runs about $2 million, that is considered a high-budget production. The fund will double next year to $40 million.

To qualify, foreign producers must contract local production services. Producers also can write off an additional 10% owed for IVA, Mexico’s value-added tax.”

To read the full story, click here.

President Calderon has long made environmental stewardship a priority. Now, his emphasis is starting to draw global attention as the first sketches of the PRO-AMX sports hybrid were released today.

The makers of the highly evolved concept car chose Mexico as the spot to develop and construct the futuristic hybrid months ago. Now, the world turns to Mexico to get a glimpse of the next generation of vehicle.

To read the full story, click here.

The national growth of Mexico is exceeding even the most garish expectations, according to a new study released today.

The national GDP is on track to expand by 3.87 percent, far higher than the initial projections of 3.28 percent. Increased industrial output and a growth in retail sales continues to fuel speculation of a faster than expected recovery from the trouble spots of the last year, which were largely due to the U.S. financial collapse, as Americans continue to be the largest purchaser of Mexican exports in the world.

The increased estimates come on the heels of a survey of top economists conducted by the central bank.

To read the full story on Bloomberg, click here.

Mexico has shown its commitment once again to international security through cooperation, this time with the US Department of Homeland Security. In a ‘Joint Declaration on Civil Aviation Security’ Mexico, the US and several other nations have signed on to help protect the skies for everyone taking to the skies. To read the full release, click here.