Despite attempts to diversify its economic ties and build its domestic economy, Mexico remains heavily dependent on the United States. Above all, that dependence is as an export market (approximately 76.8% of Mexico’s exports in 2022 went to the United States) and as a source of remittances, tourism
Border Patrol apprehensions of aliens illegally crossing into the United States between ports of entry have increased, reaching a record 2.2 million in fiscal year 2022, according to a U.S. congressional analysis. Of those apprehensions, the majority are migrants from Latin America and the Caribbean. The motivation to
Prosec and Regla Octava are production promotion programs in Mexico separate from the Maquiladora and Manufacturing Export Industry Program (IMMEX), but companies may use these three programs together. On the one hand, Prosec (Programa de Promoción Sectorial) allows the importation of a defined set of goods for use
Friendshoring represents an important economic opportunity for Canada and Canadian workers, according to the Canadian government. As a stable democracy with a skilled workforce and a rich endowment of natural resources, Canada has a solid foundation as a supplier of critical goods to its allies. The Canadian government
The Brazilian government expects the reopening of China in the first half of 2023 to be positive for the Brazilian economy, due to the number of Brazilian companies exporting raw materials to the Asian country. In 2022, Brazilian exports of products were US$334.463 billion and had China as
Panama‘s ports and the Panama Canal have shown a growing trend in their operations through 2022, according to information from the Panamanian government. On the one hand, in 2022, the Manzanillo International Terminal (MIT) handled approximately 2.7 million TEUs of cargo and containers, compared to approximately 2.8 million