MND_BUSINESS
Ebrard: US content in Mexico-assembled vehicles cuts export tariffs by 40%
Vehicles manufactured at U.S.-owned auto plants in Mexico have, on average, 40% U.S. content, reducing their tariff rate to 15%. Japanese and German automakers, on the other hand, will face the full 25%.
Thinking of starting a business in Mexico? Here’s what you need...
From incorporation to tax registry, a legal expert shares her advice on getting started in Mexico.
Global auto suppliers Katcon and Tata establish joint venture in Monterrey
The joint venture in Mexico will produce components for passenger and commercial vehicles, agricultural tractors and off-road vehicles for the North American automotive and industrial markets.
Over 20 businesses sign agreement to sell more products ‘Made in Mexico’
Some of the brands that agreed with the Economy Ministry to boost the domestic content of their inventory are Chedraui, Palacio de Hierro, The Home Depot and Amazon.
Anti-corruption chief reveals sophisticated fuel tax evasion network costing Mexico billions
The federal government has identified a transnational network of "high prestige" companies that evade taxes on imported fuel, known as "huachicol fiscal," with annual losses estimated at US $5.2 billion.
Customs agents strike slows operations in Mexico’s largest international trade port
The strike disrupted customs and international commerce this week in Manzanillo, Mexico’s top Pacific port.
National bank cuts interest rates 50 basis points to 8.5%
Bank officials said they considered the exchange rate, global trade uncertainty and weak economic activity into account in their decision.
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 tariffs
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.
