Mexico‘s balance of international trade in services continued to be in deficit during the last five years, mainly due to deficits in transportation and insurance. Internally, its main items exhibit deficits, with the exception of travel, according to data from the World Trade Organization (WTO). Trade in services,
The World Trade Organization (WTO) described fiscal policy in Mexico, which is the responsibility of the Ministry of Finance and Public Credit (SHCP). The Federal Budget and Fiscal Responsibility Law (Ley Federal de Presupuesto y Responsabilidad Hacendaria, LFPRH), and its amendments, most recently on February 27, 2022, constitute
The total hydrocarbon production of Pemex during the third quarter of 2022 averaged 2,540 million barrels of crude oil equivalent per day (MMbpced). This is a growth of 62,000 barrels of crude oil equivalent per day (Mbpced) with respect to the same quarter of 2021. Pemex is wholly
Mexico‘s Federal Electricity Commission (CFE) reported that it recorded a year-on-year increase of 8.1% in its total revenues during the third quarter of 2022, to Ps. 470.428 billion. But CFE reported that in the first nine months of the current year it had net losses of 50,719 million
California Tequila highlighted six of the top trends in the tequila market, both in the U.S. and globally. California Tequila was incorporated under the laws of California on April 27, 2020. The company is engaged in the import, marketing and sale of ultra-premium tequila products under its AsomBroso
Natural gas imports will account for 83% of total consumption in 2050, according to projections released by the Asia Pacific Economic Cooperation (APEC) forum. Despite the increase in gas demand in the reference scenario (REF), the lack of upstream investments increases Mexico’s dependence on imported natural gas. In