The government of Mexico initiated the examination of the validity of the final countervailing duties on imports of hot rolled steel coils originating in Germany, China and France. To do this, the Ministry of Economy set the examination period from October 1, 2019 to September 30, 2020 and
Exports of services would be reduced by around 24% in 2020, as they were greatly affected by the paralysis of services associated with inbound tourism, ECLAC projected. In general, market access is the main motivation for investment in services, including trade, financial and insurance services, transport and logistics,
The Ministry of Economy of Mexico reported this Thursday that it began the administrative procedure to examine the validity of the final countervailing duty imposed on imports of steel pulls and zamak originating in China, regardless of the country of origin. On August 27, 2020, Fundición Inyectada del
In line with expectations, the peso begins the session with an appreciation of 0.41% or 8.2 cents, trading around 19.78 pesos per dollar and approaching the key support of 19.70 pesos per dollar on December 12. This morning the exchange rate touched a low of 19.7378 pesos per
Cemex España, an indirect subsidiary of Cemex, reported this Wednesday that it will increase its shareholding in Cemex Latam Holdings (CLH), which is listed on the Colombian Stock Exchange, from 73.16 to 92.60% of the fully paid and outstanding shares of CLH (excluding shares owned by CLH). This
Fomento Economico Mexicano (FEMSA) announced this Wednesday that it has reached agreements to acquire two independent companies dedicated to specialized distribution in the United States: Southeastern Paper Group, based in Spartanburg, South Carolina, and SWPlus, based in Wichita, Kansas. As of September 2020, the combined revenue for the