Mexico has obtained several IMF credit lines to secure its economy since the Latin American debt crisis of the 1980s, according to information from the Mexican government. In 2009, Mexico was the first country to use the IMF’s standby credit line program, the Flexible Credit Line (FCL), which
On November 30, 2022, Uruguay formally applied to join the Trans-Pacific Partnership Treaty (CPTPP). Uruguayan President Lacalle Pou took office pledging to better integrate Uruguay into the global economy and has repeatedly pressured the Southern Common Market (Mercosur) customs union, which also includes Argentina, Brazil, and Paraguay, to
Mexico imposed a 50% tariff on corn imports and also imposed a 50% tariff on corn exports, according to a presidential decree published on Friday. The presidential decree recognizes that the exemption of the tariff on imports of white flour corn has not generated a significant impact on
Mexico‘s Banco Nacional de Comercio Exterior (Bancomext) offers a program called «Producto de Comercio Exterior TMEC» (TMEC Foreign Trade Product) for Mexican exporters. Its objective? To increase access to financing for export companies and those linked to value chains in strategic sectors with export potential. The product operates
According to preliminary figures from the Mexican government, 30.3% of the maquiladora industry’s value added in 2022 corresponded to the production of transportation equipment. The Mexican maquiladora industry is comprised of entities that import raw materials and components duty-free and, in turn, export their finished products, with suppliers
At the end of December 2022, the banks assets in Mexico amounted to 12 trillion 524.4 billion pesos, according to Mexican government data. That amount represents a real annual increase of 4.9% compared to the end of December 2021. The banking sector’s total loan portfolio was 6 trillion