In 2023, manufacturing in ASEAN captured more than $50 billion in Foreign Direct Investment (FDI). This amount represents 22% of total inflows to the region. The region’s sustained growth is due to several factors. First, it has an increasingly skilled labor force. Second, it has abundant natural resources.
BlackRock Latin American Investment Trust highlighted its benefits obtained through Fibra Uno and nearshoring in Mexico. According to this BlackRock-managed fund, Fibra Uno shares have benefited from offshoring, i.e. increased foreign investment and demand for industrial properties. The stock also rose following the announcement of a potential initial
The United States has increased its imports of tequila, kaoliang and other distilled agave beverages, according to data from the Department of Agriculture (USDA). From January to August, Mexico was positioned as the largest exporter of these beverages to the United States, with shipments reaching 3.501 billion dollars.
FEMSA reached a definitive agreement with Grupo Traxión to sell Solistica for US$205 million. Solistica is a subsidiary of FEMSA that offers integrated logistics solutions (3PL) to both its companies and external customers. The subsidiary currently operates in seven Latin American countries, including Mexico, Brazil, and Colombia. It
U.S. manufacturing companies argued that if the USMCA is respected, U.S. industry can outperform China. This message came from the National Association of Manufacturers (NAM) at a recent meeting in Mexico City. The NAM is the largest association of manufacturers in the United States. It represents a wide
If current assumptions hold, world merchandise trade will increase 2.7% in 2024, slightly above the previous forecast of 2.6% last April, according to projections by the World Trade Organization (WTO). Asia’s exports will grow faster than those of any other region this year. World merchandise trade These are