The global automotive industry has been most affected by the shortage of semiconductor chips, the U.S. International Trade Commission (USITC) said. Following aggregate trends, most manufacturing sectors experienced increases in trade value in 2021, especially in the first two quarters, compared to 2020. Among the most notable year-on-year
Policymakers and producers should prioritize reducing natural gas flaring and methane leakage along the energy supply chain, recommended the United Nations Conference on Trade and Development (UNCTAD). From their perspective, combating energy waste by stopping non-emergency flaring, reducing leakage and using only existing infrastructure would be a quicker
The United Nations Conference on Trade and Development (UNCTAD) recommended reducing speed limits for cars and trucks. Nearly 60% of the world’s oil supply is consumed by the transportation sector. In the short term, according to UNCTAD, demand can be reduced by lowering speed limits on cars and
The dispute settlement provisions of the North American Free Trade Agreement (NAFTA) are found in Chapter 11 (Investment), Chapter 19 (Review and Settlement of Antidumping and Countervailing Duty Disputes) and Chapter 20 (State-to-State Dispute Settlement). During 2021, there were a total of nine pending Chapter 11 cases filed,
Spending on social development programs, such as education, public health and social security, totaled 3 trillion 071.3 billion pesos in Mexico during 2021. With this, this spending represents 59.9% of total programmable spending. On the other hand, economic development spending totaled 1 trillion 600,300 million pesos, representing 31.2%
Global inflation continued to increase, in some cases more than expected, reaching once again the highest levels in decades in several of the main economies. The Bank of Mexico (Banxico) stated that inflationary pressures have spread to a greater number of items, in addition to high energy and