The White House cited Goodyear, Mas Air and Grupo Mexico as examples of labor success stories under the USMCA’s Rapid Response Mechanism (RRM). To begin with, in May 2023, the United States asked Mexico to review whether the Goodyear SLP facility in San Luis Potosi was denying workers
Canada intends to join the Indo-Pacific Prosperity Economic Framework (IPEF) and the Digital Economic Partnership Agreement (DEPA) to diversify its exports, among other objectives. Overall, Canada is committed to expanding and diversifying trade with large markets and fast-growing regional groupings. What is IPEF? A potential strategic initiative to
The German economy would grow 0.2% in 2024 and 1.3% in 2025, following a 0.3% contraction in 2023, according to projections by the International Monetary Fund (IMF). In its most recent performance, Germany‘s Gross Domestic Product (GDP) declined 0.3% in the fourth quarter of 2023 compared to the
The cost of transporting containers from Shanghai, the world’s largest port, to Los Angeles doubled between October 2023 and mid-March 2024. Meanwhile, the cost of transporting containers from Shanghai to Genoa or Rotterdam more than tripled in the same period. Overall, according to UNCTAD, all segments of seaborne
Mexico‘s GDP growth will be 2% in 2024, according to UNCTAD projections and 2.4% according to IMF estimates. From UNCTAD’s perspective, Mexico benefited from the resilience of the U.S. economy in 2023, although the drop in oil prices contributed to a current account deficit and negatively affected government
Problems in key transportation arteries, the Panama Canal and the Red Sea, have raised the costs of transiting these maritime routes. Since the United Nations Conference on Trade and Development (UNCTAD) first published the Trade and Development Report 2023, both negative shocks have affected maritime routes, the backbone