Several of the works related to the expansion of the port of Veracruz, Mexico, have advanced to levels above 50 percent. Overall, during 2021, the amount of cargo transported through Mexican seaports amounted to 286.1 million tons, an increase of 7.3 percent compared to 2020. As with its
Mexico increased its electricity production by both the Federal Electricity Commission (CFE) and private companies. From September 1, 2021 to June 30, 2022, the National Electric System increased its electricity generation capacity by 1,687.5 Megawatts (MW), a figure that includes both plants that entered into operation, as well
The federal government has promoted the inclusion of a greater number of suppliers in the production of televisions and motorcycles in Mexico. Within the framework of the global supply chain program for the electronics and transportation industries (except automotive and auto parts), from September 2021 to July 2022,
On July 1, 2022, the completion of Phase I construction of the Olmeca Refinery in Mexico was inaugurated and, at a later stage, the testing phase of the different process plants will begin. Investments during the first construction phase total US$8,918.5 million, plus US$1,426 million in VAT, including
The Ministry of Economy has implemented a plan to automate and improve the management of procedures and processes in Mexico‘s foreign trade. First, the government streamlined operations by automating the issuance of certificates of origin for exports to member countries of the Latin American Integration Association. This certificate
The Transisthmian Train, in charge of Ferrocarril del Istmo de Tehuantepec (FIT), is a project that consists of the conversion of the old railway route that connects the cities of Coatzacoalcos, Veracruz, with Salina Cruz, Oaxaca, and contributes to the development of the Isthmus of Tehuantepec. Through the