Mexico‘s Ministry of Economy informed that it provided support for US$350.8 million to light industry companies that used the Eighth Rule from September 2021 to July 2022. The support was given through the Eighth Rule mechanism based on Article 2 section II of the General Import and Export
The Bank of Mexico (Banxico) estimated the possible magnitude of the impact of company relocations based on information from the Monthly Survey of Regional Economic Activity (EMAER). Uncertainty regarding the magnitude of the impact that the reconfiguration of global value chains will have on domestic production is high.
Banxico highlighted trends in relocation based on the results of companies that observed increased demand for their products or services as a result of nearshoring. Specifically, it indicated that the proportion of companies benefiting in the sector integrated into global chains is greater than in the rest of
The Bank of Mexico (Banxico) conducted an analysis of the concrete benefits resulting from nearshoring in Mexico. Nearshoring is the practice of transferring a business operation to a nearby country, especially in preference to a more distant one. According to Banxico, Mexico’s geographic proximity to the United States
The U.S. Trade Representation (USTR) is primarily responsible for developing and coordinating U.S. international trade and direct investment policies as the head of the interagency trade policy coordination process. As part of the Executive Office of the President, USTR is the President’s principal advisor on trade policy and
The Ministry of Economy, through the Mexican Institute of Industrial Property (IMPI), authorized new geographical indications and famous trademarks. In general, IMPI is making progress in strengthening industrial property and democratizing access to these rights, which, in turn, contributes to the economy by protecting innovation and the development