The government of Mexico initiated 3,632 Administrative Procedures in Customs Matters (PAMAS) for imports in the first half of 2020, 2.6% more than those carried out in the same period of 2019. The PAMAS are procedures established in the Customs Law, through which the customs authorities precautionary seizure
The peso starts the session with an appreciation of 0.64% or 14.1 cents, trading around 22.06 pesos per dollar, as a result of a general weakening of the US dollar, whose index falls for the fifth consecutive session and loses 0.31%, reaching 1,167.92 points, its lowest level since
The United States Department of Agriculture (USDA) and the United States Trade Representative (USTR) announced Monday the appointment of 25 new members to serve on seven agricultural trade advisory committees. The Agricultural Policy Advisory Committee is comprised of high-level representatives from across the U.S. agricultural community who advise
In parallel to the spin-off and deconsolidation of Nemak, Alfa has been working on the sale of Axtel’s infrastructure business, which represented 40% of the revenues and 56% of the EBITDA of this telecommunications subsidiary during the first half of 2020, he highlighted Intercam Bank. He added that
Alfa‘s shareholders’ meeting approved on Monday a proposal for the constitution of a new company called “Controladora Nemak”, to which Alfa will transfer certain assets and capital, including the transfer of the 75% stake that Alfa has in Nemak. It is estimated that this process could be completed
Singapore’s non-oil exports grew 6% in July 2020, at an annual rate, after expanding 13.9% in the previous month. According to the World Trade Organization (WTO), the main feature of Singapore’s trade policy remains openness to trade and investment, at a time when the country’s trade (goods and