For 2022, the Inter-American Development Bank (IDB) announced a line of credit of 200 million dollars and 3 million dollars in non-refundable resources that will be channeled through the Development Bank, with the objective of financing the relocation of companies, especially in the southeast of the country. For
Whirlpool Corporation posted net sales of $19.724 billion in 2022, a year-over-year decline of 10.3%, and projects lower revenues for 2023. The company says it is committed to being the best global kitchen and laundry company in the constant pursuit of improving life at home. Its brands include
Remittances to Mexico have been an important support for Mexican households in the post-pandemic era, highlights an analysis by Banco Base. In the first 11 months of 2022, the cumulative flow of remittances entering Mexico was 53,138.63 million dollars, which meant an increase of 13.46% over the cumulative
The largest component of aggregate demand is private consumption, representing close to 70% of Mexico‘s GDP, according to Banco Base. According to the Monthly Indicator of Private Consumption in the Domestic Market published by INEGI, private consumption grew 7.11% in the first 10 months of 2022. With this,
The United States and Canada established a second dispute settlement panel on Canada’s dairy tariff-rate quota policies under the United States-Mexico-Canada Agreement (USMCA). Canada allocates these quotas on a market share approach and imposes new conditions that effectively prohibit retailers, foodservice operators and other types of importers from
In terms of IEPS and ISR, Mexico grants the following tax and non-tax incentives to investments, according to information from the WTO. First and foremost, incentives with respect to the IEPS: Tax incentive to importers or alienators of turbosine consisting of an amount equivalent to 100% of the