Canada‘s energy market would grow at a 9.6% year-over-year rate in 2022, to $25.424 billion, the U.S. Department of Commerce (DOC) projected. That amount, too, represents a 7.5% year-over-year increase compared to 2019, the year before the Covid-19 pandemic. The total market assessment is defined by 20 Harmonized
Among its sectoral programs, the Banco Nacional de Comercio Exterior (Bancomext) supports companies exporting to the Mexico-United States-Canada Trade Agreement (USMCA) region. In particular, Bancomext’s purpose is to promote the participation of commercial banks in the financing of companies in strategic sectors or regions related to foreign trade
The Ministry of Finance and Public Credit (SHCP) of Mexico postponed once again, until December 31, 2023, the mandatory compliance with the Carta Porte complement. As part of strategies to reduce theft and extortion of businesses, the Tax Administration Service (SAT) implemented the use of the Carta Porte
Mexico captured 1.941 billion dollars of Foreign Direct Investment (FDI) in the car and truck production in the first half of 2022, which implies an increase of 27.4% year-on-year, according to data from the Ministry of Economy. Preliminary figures were used in this comparison, which is usual in
Mexico‘s Ministry of Finance and Public Credit (SHCP) reported progress on several expansions of the country’s seaports. In order to promote the expansion of port facilities, facilitate intermodal transport and boost international trade, the Ministry of the Navy (Semar) continues with the construction of the dock and dredging
Mexico‘s Energy Secretariat (Sener) indicated that it granted two permits to import petroleum products during the first half of 2022. In addition, also with the purpose of ensuring the supply of strategic resources, the Undersecretary of Hydrocarbons, through the General Directorate of Petroleum Products of the Sener, granted