The Commerce Department announced that it will no longer issue export licensing exceptions for products headed for Hong Kong. The United States works to «eliminate the differential treatment» that it has long granted to Hong Kong. «With the Chinese Communist Party imposing new security measures in Hong Kong,
Global air cargo demand, measured in tons of cargo per kilometer (CTK), fell 20.3% in May (-21.5% for international operations) compared to the previous year. That’s an improvement from the 25.6% year-on-year drop registered in April, reported the International Air Transport Association (IATA). As a result, capacity remains
The peso begins the session with a depreciation of 0.47% or 10.8 cents, trading around 23.18 pesos per dollar, in the face of a general advance in the US currency as a result of an increase in risk aversion in global financial markets. The advance of the dollar
Grupo Aeroméxico announced that it has signed a definitive agreement with Aimia Inc. (AIM), an investment company, which reflects the previously announced agreement between the parties to make certain modifications to the Shareholders Agreement between them and the commercial agreement (CPSA) between Aeroméxico and PLM Premier, SAPI (PLM),
The Ministry of Economy of Mexico will promote the participation of high-tech manufacturing exports as a proportion of Gross Domestic Product (GDP). This is a goal set in the Sectorial Program of Economy 2020-2024, published last week in the Official Gazette of the Federation (DOF). The Ministry of
The Government of Mexico published an agreement that discloses the export quotas for non-originating textile merchandise and clothing, subject to preferential tariff treatment, pursuant to the Treaty between Mexico, the United States and Canada (USMCA). The USMCA states in Chapter 6 (Textile Goods and Clothing), Annex 6-A (Special