The Hofusan industrial park, where Chinese companies are based and which is located in Monterrey, Mexico, is a sign of Asia‘s diversification of operations, Kearney noted. There are companies landing in the United States and Mexico and this is especially true for companies looking to save on logistics
The ASEAN–Korea Free Trade Agreement (AKFTA) is undergoing a joint review study. According to the World Trade Organization (WTO), the final report is scheduled to be adopted during the 20th AKFTA-IC meeting in the second quarter of 2023. As for the ASEAN-Japan Comprehensive Economic Partnership (AJCEP), the agreement
Saudi Arabia and Canada were the largest crude oil exporters on a global scale in 2022, with $225 billion and $121 billion, respectively, according to preliminary estimates and figures from the World Trade Organization (WTO). During the first quarter of 2023, crude oil prices declined as the global
Chile and Peru were the world’s largest exporters of grapes in 2022, with shipments worth US$1.862 billion and US$1.297 billion, respectively. According to data from Chile’s National Customs Directorate, Chile exported grapes (both fresh and dried) last year mostly to the Netherlands ($750 million), the United States ($439
In the fourth quarter of 2022, investment in Peru‘s mining industry totaled US$1.65 billion, US$77 million lower than in the fourth quarter of the previous year. By company, the following investments stand out: Anglo American Quellaveco, decreased its investment to 205 million compared to 409 million in the
China‘s competitiveness fell four places, from 17th to 21st, in the World Competitiveness Ranking 2023, compiled by the Swiss-based Institute for Management Development (IMD). From a medium-term perspective, China’s competitiveness has shown the following trajectory: 2019 (position 14), 2020 (20), 2021 (16), 2022 (17) and 2023 (21). Among