Through research centers, the Mexican government is promoting substitution or integrated management alternatives for the elimination in the first instance of glyphosate as a highly hazardous pesticide. In general, according to the federal government, Mexico is in the process of a paradigm shift in the agrifood system. In
The Bank of Mexico (Banxico) published an analysis of Mexico‘s foreign trade of agrifood products in 2022, highlighting the dynamism of these sales. The balance of agri-food products is made up of two types of goods: agricultural goods (unprocessed products) and manufactured food, alcoholic and non-alcoholic beverages and
One of the purposes of Banco de México (Banxico) is to promote the proper functioning of payment systems and one of its functions is to regulate payment systems. Furthermore, Article 24 of the Law of Banco de México (LBM) establishes that Banco de México may issue provisions when
The Federal Economic Competition Commission (Cofece) of Mexico authorized a merger between Grupo Elektra and Best Buy International Finance. As background: on December 15, 2022, Best Buy International Finance (BBlnter), Best Buy Enterprise Services (BBServices), Grupo Elektra, (GEKT) and Nueva Elektra del Milenio (NEM) notified Cofece of their
The International Trade Practices Unit (UPCI) applies antidumping, countervailing and safeguard measures in Mexico considering the following deadlines. Within the Ministry of Economy, the UPCI is the authority in charge of carrying out investigations on dumping, subsidies and safeguards, as well as proposing the application (or not) of
The National Producer Price Index (INPP) of total production in Mexico, excluding oil, decreased from 8.75% in the third quarter of 2022 to 6.10% in the fourth quarter, considering its average annual variation, according to the Bank of Mexico (Banxico). It then stood at 5.65% in January 2023.