Mexico‘s export trend has been positive in recent years, driven in part by the certainty of the USMCA. In 2023, Mexico’s foreign sales grew at a 3% year-on-year rate to US$593 billion. Who were the main markets? United States: 472 billion dollars, +4 percent. Canada: $18.9 billion, -11
The Mexican Ministry of Finance and Public Credit (SHCP) released results on the Bill of Lading Complement. This document is to comply with the obligation to issue invoices for taxpayers’ commercial transactions. Specifically, it refers to the transportation of goods within the country. This includes transportation by truck,
Among the new copper projects in Mexico, Grupo Mexico is advancing in Buenavista Zinc and El Pilar. Copper is an important component in the global infrastructure chain. It is the third most used metal, after iron and aluminum. The Buenavista Zinc project is located within the Buenavista del
In addition to China’s 21 Free Trade Agreements, the country is negotiating other FTAs. The World Trade Organization (WTO) reported that, according to Chinese authorities, China is holding discussions with a view to signing or updating FTAs with Belarus, Honduras, the Gulf Cooperation Council, Iceland, Israel, the Republic
China reduced the customs clearance time in the last two years according to a WTO report. According to authorities, the customs clearance time for imports was thus: 36.64 hours in 2021. 40.18 hours in 2022. 33.05 hours in the first quarter of 2023. And the timeframe for exports
The results of the HLED between Mexico and the United States over the past three years are mainly related to supply chains and the environment, among other varied aspects. Overall, the HLED (U.S.-Mexico High Level Economic Dialogue) has been positive for bilateral economic cooperation. As of September 9,