MND_BUSINESS
China pledges open-door trade policy in meeting with Mexico’s foreign minister
Chinese Foreign Minister Wang Yi welcomed more high-quality Mexican products into the Chinese market and encouraged Chinese investment in Mexico in a bilateral meeting on Wednesday with Foreign Affairs Minister Juan Ramón de la Fuente.
World’s largest wealth fund divests from Pemex, citing corruption
As of last June, Norway’s US $1.8-trillion sovereign wealth fund held Pemex securities with a value of approximately $138 million.
Report: Only 8% of Mexican auto parts manufacturers face new US...
The National Auto Parts Industry (INA) reported that 92% of the Mexican auto parts sector will escape new tariffs from the United States, as nearly all manufacturing complies with current trade rules.
Baja Peninsula’s tomato growers unite to fight upcoming US levies
The states' growers are preparing to fight for their right to sell their produce in their largest market.
Sheinbaum promises to expand much-needed access to credit in Mexico
President Sheinbaum is partnering with Mexican banks to boost credit access for small businesses, aiming for 30% financing by 2030.
Inflation on the rise as Mexico anticipates another interest rate cut
A 50 basis point cut is still on the table after inflation stayed within the national bank's target range in April.
Commercial sector overtakes manufacturing as top FDI target in Mexico
U.S. trade policies are reshaping Mexico’s foreign investment profile, temporarily knocking the manufacturing sector off its perch as the country’s most attractive investment.
ODATA inaugurates US $3B data center campus in Querétaro
ODATA, a subsidiary of Texas-based Aligned Data Centers, opened its second data center facility in Querétaro, where it is building the largest data center campus in the country.
Mexico targets irregular steel and textile imports in push to protect domestic industry
Also on Monday, Finance Minister Edgar Amador announced plans to increase the national content of government purchases by 10% and trade out 10% of its manufacturing imports.
Mexico receives more than 8,000 dairy cows from Australia
Mexico has historically imported cattle from the United States to repopulate its herds, but economic conditions led the Agriculture Ministry to prefer cows from down under.
Unilever announces US $1.5B investment to complete Nuevo León factory and expand Mexico operations
The company plans to produce Dove, Rexona and Sedal personal care products at the Monterrey-area factory.
World Bank: Organized crime hinders growth in Mexico and across Latin America
A new report confirms in great detail the negative effect criminal organizations have on economic growth in Mexico and the Latin American region.
Brazilian steel manufacturer Gerdau cancels US $600M investment in Mexico due to tariffs
The company's president said the investment was canceled due to uncertainty about how the global automotive supply chain will be reconfigured by 25% steel and aluminum tariffs on exports to the U.S.
Oaxaca Aerospace unveils first 100% Mexican-made aircraft
After 14 years of research, the protoype of the Pegasus PE-210A is flying. The next step is commercial manufacturing.
Mexico posts strong first-quarter trade performance despite US protectionism
The value of Mexico's exports increased to all-time highs in March and Q1 2025 despite the United States' imposition of tariffs on a range of Mexican goods.
New data shows Mexico’s economy grew in February despite trade uncertainty
Though recession remains a distinct possibility, February's economic performance was better than expected.
