The Mexican Ministry of Economy published a Baja California economic profile, a state with 63 industrial parks. From the Mexican government’s perspective, this entity has three potential sectors: mining, agribusiness and leisure, cultural and sports services. At the same time, its main export sectors are, with September 2024
The leading companies in electromobility in Mexico are General Motors, Volkswagen and Nissan, according to the Ministry of Economy. From 2012 to the third quarter of 2024, Mexico had captured 74,978.6 million dollars of Foreign Direct Investment (FDI) in this industry. The amount represents 17.0% of the total
The Mexican government halted a tariff hike on apparel and textile products with a six-month extension of the pre-established conditions. When the tariff increase was announced, several business chambers jointly criticized the measure, which was included as part of a decree. Tariff hike on apparel The decree increased
The Mexican government plans to increase domestic content by 15% through automotive import substitution. This objective is to be achieved through the substitution of imports of electronic components for vehicles, the expansion of aluminum auto parts production and the development of battery cell production for electric vehicles. Automotive
A White House report highlighted intellectual property content in the U.S.-Mexico-Canada Agreement (USMCA) and described a case involving counterfeit Levi’s Jeans. In the report, the White House states that the United States continues to work with Canada and Mexico to ensure full implementation of intellectual property protection and
The United States announced Monday new restrictions on chips critical to the development of artificial intelligence (AI) through an interim final rule. The new rule creates three levels of restrictions on the chips: There are no restrictions on chip sales to 18 key allies and partners. In addition,