International prices of raw materials registered a marked decrease during the first quarter of 2020 and, above all, oil prices began to drop in February due to expectations of lower oil demand derived from the global effects of the Covid pandemic. -19. Raw materials are materials or substances
Mexican exports will be affected in May by the lack of supplies derived from the global pandemic of Covid-19, estimated Banco de México (Banxico). «The central bank expects that the greatest weakness in the world economy and the lower national production as a consequence of the effects of
The Treaty between Mexico, United States and Canada (USMCA) requires changes in Mexican legislation before its expected entry into force on July 1. For this reason, the Business Coordinating Council (CCE) urged the Senate Political Coordination Board to approve the necessary changes in Mexican legislation to bring it
The main objective of international trade facilitation is to help streamline and reduce the cost of cross-border trade, while ensuring its safety and security, summarizes the United Nations Economic Commission for Europe (UNECE). Bureaucratic delays and cumbersome formalities represent a burden for merchants involved in cross-border merchandise trade.
Almost 70% of world trade is carried out through global value chains (GVCs), the United Nations Conference on Trade and Development (UNCTAD) reported on Wednesday. In general, in GVCs production crosses at least one border, and generally many borders, before final assembly. Growth in global GVC-related trade has
A total of 73 countries highlighted bans or restrictions on the export of face masks, used to face the worldwide Covid-19 pandemic, according to data from the World Trade Organization (WTO). The use of masks helps to reduce the transmission of respiratory viruses, including the coronavirus, but its