Posts Tagged ‘Trade’

Factory Production Hits High in Mexico

Tuesday, May 11th, 2010

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.

Mexico Thrives in Global Economy

Monday, March 1st, 2010

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 Comes to the Aid of the U.S. and E.U.

Thursday, November 5th, 2009

wto2Mexico has joined in the fight to put pressure on China to drop unfair and potentially illegal export barriers.

The United States and the European Union had been struggling with these barries imposed by Beijing for some time now, and with Mexican officials, joining in the struggle, the Wall Street Journal is confident that the standstill could shortly come to a close.

The trade barriers, as currently imposed, violated World Trade Organization agreements, enraging the global community.

To read more, please click here.

Financial Times Looks Towards Mexico’s Beer Industry

Saturday, October 3rd, 2009

Beer fans around the globe are now turning their attention to Mexico, as consolidation talks continue in Mexico City.

 

Femsa, makers of Dos Equis, Sol, and Tecate are in talks with Anheuser-Busch and their parent company, InBev, over the possible sale of their beer production lines.

 

While Femsa, a globally diversified company, is currently under 50% control of the American brewer, there are talks of a 100% ownership, adding even more strength to the already massive InBev stable.

 

However, Femsa has also been in talks with SABMiller, the world’s second largest brewer. Beer enthusiasts will have to wait to see where this sale will lead, and how it will effect their favorite drinks.

 

Please click here to read more.

Summit Brings Brilliant Results, Praise for Mexico

Saturday, August 15th, 2009

NAL Summit 20090810In a historic meeting, President Calderon, President Obama, and Prime Minister Stephen Harper joined together in Guadalajara to discuss issues some of the most pressing issues in the realm of trade, security, and the environment.

To see our exclusive video, please visit our YouTube channel at www.youtube.com/mexicannews or click here.

Mexico Day on Wall Street

Friday, August 14th, 2009

Information Mexico has gone viral!

Please check out our newest video about Mexico Day on Wall Street, found on our YouTube Page, here.

This exclusive video contains footage from Ambassador Arturo Sarukhan´s most recent visit to NASDAQ in New York, where he spoke about the Mexican economy and the importance of the bilateral economic relationship between Mexico and the United States.

To see the video, click here.

Obama Aligns Himself with Mexico’s Struggles

Monday, August 10th, 2009

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In an epic gesture of good faith,  President Barack Obama voiced his unwavering solidarity with President Calderon and the people of Mexico at today’s meetings in Guadalajara.

“I have great confidence in President Calderon’s administration applying the law enforcement techniques that are necessary to curb the power of the cartels, but doing so that’s consistent with human rights,” President Obama said on Monday.

In response to any human rights concerns, the President replied, “The biggest, by far, violators of human rights right now are the cartels themselves that are kidnapping people and extorting people and encouraging corruption in these regions. That’s what needs to be stopped.”

These meetings represent an historic opportunity for both Mexico, the United States, and Canada to grow together as one, and the rest of the summit promises to be just as supportive.

To read the rest of the story from Fox News, click here.

Tourism Back in Focus

Wednesday, July 1st, 2009

Beach in Cozumel, MexicoThe Mexican tourism industry is beginning to bounce back from a hard hit in the recent year. After a month of May that say 13 inns with 5,200 rooms shut down in the city of Cancun alone, the industry is getting a much needed boost with reduced fairs to and from Mexico.

While tourists are returning to some of their favorite destinations, they are spending less and less when they do go, largely as a result of the unstable global economy.  The $3.62 billion (USD) that foreign visitors spent in the first quarter is almost nine percent less than the first quarter of last year.

However, Rodrigo de la Pena, president of the Cancun Hotel Association, remains optimistic.

“We’re recovering quicker than we thought… The hotels have almost all their work force back, and tourists are arriving.” Only time will tell if the tourists that are arriving are effectively stimulating the Mexican economy.

To read the full San Diego Union Tribune article, click here.