The 10 main investment announcements to Mexico in January and February 2024 totaled 23.897 billion dollars, informed Thursday the Ministry of Economy. These announcements represent the vast majority of the investments announced in the first two months of the year, which totaled 28.702 billion dollars. These are the
The United States leads the ranking of the 10 main origins of Foreign Direct Investment (FDI) arrivals to Mexico that were announced in the first two months of 2024. Based on those investment announcements, the expectation of FDI to the Mexican economy from the United States is 15.84
The central and decentralized administrations of the AGACE requested 400 suspensions of the importers’ registry in 2023 for updating various assumptions set forth in rule 1.3.3. of the General Foreign Trade Rules in force. Of this total, 348 were authorized, an increase of 29.4% compared to 2022. In
The Mexican government initiated 622 audit actions related to temporary imports to 539 taxpayers in 2023. As a reminder: temporary imports into Mexico refer to the introduction of foreign goods into the country for a limited period of time and for a specific purpose. Therefore, the Mexican government
The contribution of foreign trade to Mexico‘s tax revenues decreased from 28.3% in 2022 to 24.7% in 2023, according to data from the Ministry of Finance and Public Credit (SHCP). With free trade agreements with 50 countries, Mexico is known for having an open economy and actively participates
Mexico will impose retaliatory tariffs on U.S. imports of certain types of steel if President Joe Biden’s administration determines to impose tariffs on Mexican steel products. That was the warning issued by Raquel Buenrostro, Mexico’s Secretary of Economy, at a press conference. It was also the response to