What are the main technical regulations and standards related to Mexico‘s international trade? The WTO ranks the answer below. To begin with, the Federal Law on Metrology and Standardization (LFMN) regulated the national quality system until mid-2020, when it was abrogated and replaced by the Quality Infrastructure Law
The World Trade Organization (WTO) evaluated Mexico‘s various export prohibitions, restrictions and licenses as follows. Mexico regulates exports of certain products to protect public health, morals, safety and public order; preserve the country’s non-renewable resources and those of historical value; and ensure the supply of consumer commodities and
The 10 most sold car models in Mexico from January to October 2022 accumulated 251,921 units, according to Inegi data. These models comprise 29.0% of the total number of light vehicles sold in the period. Nissan led the companies with the most car models marketed (4 of the
Among the various input costs, energy is key for most food products, with both direct (fuel) and indirect (chemicals, fertilizers, electricity) channels. The World Bank forecasts that prices in the three main natural gas hubs (Europe, the United States and Asia) will be on average 148, 71 and
Gold, silver and platinum prices recorded declines in the third quarter of 2022, compared to the immediately preceding quarter, according to the World Bank‘s precious metals index. Overall, this index fell 9%, on a like-for-like comparison. The decline was driven by weak investment and physical demand due to
Mexico‘s Federal Economic Competition Commission (Cofece) imposed fines for more than 2,414 million pesos to LP gas distributors for manipulating prices and sharing the market to the detriment of consumers. In total, Cofece sanctioned 53 companies and 34 individuals acting on their behalf. The reason? Those sanctioned colluded