Mexico grants high tax incentives to its automotive industry, so that seven companies have received up to 150 billion pesos in annual refunds, according to Raquel Buenrostro, former head of the Tax Administration Service (SAT). Above all, the automotive industry receives tax benefits derived from the double taxation
U.S. Customs and Border Protection (CBP) and the U.S. Department of Justice have pursued cases of illegal imports of adulterated or fraudulent honey. In particular, FDA has seized honey imports in response to evidence that some products contained unauthorized chemicals and antibiotics or other agricultural chemicals, triggering FDA
Brazil was the leading exporter of fruit juices to the United States, with shipments of US$550 million in 2022, a year-on-year increase of 76.1%, according to data from the Department of Commerce. This was the third largest amount of Brazilian sales of these beverages to the U.S. market,
GE Appliances was a division of General Electric (GE) until June 2016, when GE Appliances was sold to China’s Qingdao Haier Co, Ltd (Haier). In 2010, GE Appliances began a $150 million investment in its Louisville, Kentucky, facility (Appliance Park) to produce large residential washing machines (LRWs) top-
Mexico‘s exports of raw coffee beans totaled US$627 million in 2022, an increase of 78.9% compared to 2021, according to data from the Bank of Mexico. More than 50% of Mexican exports of all types of coffee go to the United States, while other outstanding markets include Belgium,
Mexico stood out among the top five sources of washing machine exports to the United States in 2022, with the highest year-on-year growth rate. Topping them all, South Korea sold washing machines to that market for $404 million last year, followed by China ($367 million), Mexico ($366 million),