Mexico‘s aerospace sector grew from 100 companies and manufacturing organizations in 2004 to 368 by mid-2022, according to data from the Mexican Federation of the Aerospace Industry (Femia). Currently, these companies mainly include manufacturers, maintenance-repair-revision (MRO) facilities, technical schools, research centers, universities and related service providers. Overall, 76%
More than 60 Canadian automotive suppliers operate in Mexico, according to information from Global Affairs Canada. Mexico is the world’s sixth largest producer of light vehicles and the fourth largest exporter. Its production accounts for about 20% of North American automotive production. In addition, the Mexico-U.S.-Canada Agreement (USMCA)
Mexico is a founding member of the WTO and grants at least most-favored-nation (MFN) treatment to all of its trading partners. On average, the highest tariffs per WTO category continue to be applied to agricultural products, specifically sugar and confectionery, and dairy products, with tariffs of 30% (40.9%
At the end of 2017, Brazil established the National Biofuels Policy (RenovaBio), with the objective of contributing to the decarbonization of Brazil’s transportation matrix in accordance with the commitments made under COP21. To achieve this, the World Trade Organization (WTO) refers that the program takes into account the
At the close of 2021, agrifinance company Tingo had approximately 9.3 million subscribers using their cell phones and the Nwassa payment platform (www.nwassa.com). Nwassa is Africa‘s leading digital agricultural ecosystem that empowers rural farmers and agribusinesses by using proprietary technology to enable access to the markets in which
Since 2017, the Common Market of the South (Mercosur) has held several rounds of negotiations for the conclusion of free trade agreements with Canada, the Republic of Korea, Singapore and Lebanon, according to a World Trade Organization (WTO) report. In 2020, Brazil approved the mandate to negotiate trade