The top 15 automotive vehicle producers in Mexico are: GM, Volkswagen, Stellantis, Nissan, Ford, Toyota, Kia, Mazda, Honda, COMPAS, BMW, JAC, Freightliner, International and Kenworth. According to information from the United States International Trade Commission (USITC), Mexico was the world’s seventh largest producer of passenger vehicles in 2022.
The automotive rules of origin of the Mexico-U.S.-Canada Agreement (USMCA) have three main components: regional value content (RVC), labor value content (LVC), and steel and aluminum purchase requirements. According to the U.S. International Trade Commission (USITC), these standards are designed to replace those of the North American Free
The retirement savings system in Mexico is designed both to improve the economic condition of Mexican workers and to promote long-term savings in the economy by providing financing for investment projects in both the public and private sectors. The independent retirement accounts of each worker are managed by
At the end of 2022, Mexico had 211 state-owned or controlled entities, according to information from the Mexican federal government. These entities include: majority state-owned enterprises; decentralized agencies; public trusts; and state-owned productive enterprises, including their subsidiary productive enterprises. Majority-owned companies include banking development institutions, such as the
Chile‘s new trade agreements, currently under negotiation, including extensions, involve the European Union, CPTPP, EFTA, Indonesia and the United Arab Emirates (UAE). Chile already has 33 Free Trade Agreements (FTAs) and Preferential Trade Agreements with 64 economies representing about 86.3% of the world’s GDP. First, the European Union
Indonesia displaced Canada as the world’s leading exporter of nickel and nickel manufactures in 2022 by increasing these sales at a year-on-year rate of 365% percent. With this, Indonesian exports of these products climbed to US$5.978 billion, according to data from BPS-Statistics Indonesia. Already in the previous year,