The Ministry of Economy will eliminate tariffs on imports of electric cars starting this Friday. In Mexico there are no specific tariff fractions to identify electric motor vehicles; However, the import duty for this type of vehicle for the transport of more than 10 people is 20% and
The peso closed the session with an appreciation of 0.36% or 7.8 cents, trading around 21.69 pesos per dollar, touching a low of 21.5499 pesos. For the second consecutive session, the peso’s appreciation occurred alongside other currencies of emerging economies, such as the Brazilian real, which rose 1.17%
La Herradura, of Fresnillo plc, was placed in the first position among the 10 main mines in Mexico in 2019, according to data from the Mining Chamber of Mexico (Camimex). In subsequent positions were the mines: the Limón-Guajes, owned by Torex Gold; Pinos Altos-Crestón Mascota (Agnico Eagle Mines),
The Commerce Department (DOC) stated that it will investigate agricultural subsidies in fruits and vegetables from Mexico, along with the productive sector of the United States. The DOC «will continue its ongoing efforts to partner with the US industry in identifying unfair subsidies provided by foreign governments, including
Bosco de la Vega, president of the National Agricultural Council (CNA), said Mexico would retaliate if the United States imposes tariffs that violate international trade rules against Mexican fruits and vegetables. This decision, he said, has the consensus of deputies and senators of Mexico and members of the
The Port of Salina Cruz, in the state of Oaxaca, Mexico, will have four berthing positions for handling petroleum products. In December 2019, pre-investment studies were authorized for the development of the oil and commercial port of Salina Cruz. The objective is to complete the already existing protection