As of Thursday, Mexico exempted tariffs on toilet paper imports, as part of the Anti-Inflation and Deficiency Package (PACIC). Essentially, the country is an exporter of this product, with marginal imports, but the measure was motivated by a certain degree of global shortages. From January to November 2021,
El Puerto de Liverpool reported that its deliveries in five days or less improved 15% in the third quarter of 2022 versus the same period last year. Click & Collect continues to recover its level, reaching during the third quarter 34% of digital sales, 9 percentage points above
Gruma reported that it invested US$95 million in the third quarter of 2022, part of which was used to build a tortilla plant in Indiana, United States. In addition, these investments were used to acquire the land where the tortilla plant is located in Monterrey, Mexico; increase capacity
Nemak has a portfolio of more than 60 customers, including some of the world’s leading automotive groups and their subsidiaries. Among its customers are BMW, Ford, GM, Hyundai-KIA, Jaguar Land Rover, Mercedes Benz, Renault-Nissan, Stellantis and Volkswagen Group. It is estimated that, during 2021, Nemak supplied more than
Grupo KUO reported revenues of Ps. 17.087 billion in the third quarter of 2022, an increase of 10% year-over-year, mainly explained by higher prices in the Consumer and Chemical businesses. As for its Pork business, it had a better price and volume level in the domestic and export
Mexico continues to use three types of tariff rate quotas: those negotiated under the WTO, preferential quotas negotiated under trade agreements, and unilateral quotas. What are tariff quotas? They are a measure where a product is subject to the Most Favored Nation (MFN) tariff, but a lower tariff—sometimes