Kavak’s investments in Brazil total US$300 million, informed Jose Ribeiro, CEO of Kavak Brazil. This company was born as a digital marketplace for the sale of used cars in Mexico. “Kavak arrived in Brazil in 2021 and since then has invested more than 300 million dollars in infrastructure,
Ternium represents almost 30% of Brazil‘s exports to Mexico, highlighted Máximo Vedoya, the company‘s CEO. “We are a company that tries to integrate the value chain, that one part is a North American value chain, but also includes Brazil, and our company exports almost 30% of what Brazil
An FTA between Mexico and Brazil or an extension of ACE-53: what is the proposal of Brazilian President Luiz Inácio Lula da Silva? Although the Brazilian President did not specify the answer when he took part in the Mexico-Brazil Business Forum in Mexico City on Monday, he did
The Ministry of Finance reported that ANAM’s collection fell 1.9% year-on-year during the first half of 2024, to 554,950.5 million pesos. Considering all federal government collection at the end of June, public revenues were above the program, as a result of both higher non-tax revenues and higher own
Mexico‘s Ministry of Economy reported that it is monitoring eight strategic industrial sectors in order to make decisions. After a slight contraction at the end of 2023 and a marginal expansion in the first quarter of 2024, the Mexican economy showed modest growth in the second quarter of
The Ministry of Agriculture (Sader) has promoted new market openings for Mexico‘s agri-food exports. Among these openings are those for balanced feed, Persian lemons, blueberries and tuna offal. What is significant: the reduction or elimination of trade barriers boosts exports. Mexico’s agri-food exports In 2023, Mexican external sales