Economists at the World Trade Organization (WTO) estimate that around 80% of world trade is conducted in a non-discriminatory manner, despite all the preferential agreements that exist. Part of the reason is that a substantial amount of merchandise crosses borders duty free. While the WTO rules cover almost
US auto parts industries questioned tariffs on Canadian aluminum imports from Canada. Last week, President Donald Trump authorized the reimposition of 10% tariffs on imports of unalloyed raw aluminum from the United States from Canada, sparking the reaction of the Canadian government to initiate a process to fix
The peso starts the session with little change compared to Tuesday’s close, showing a moderate appreciation of 0.08% or 1.7 cents and trading around 22.38 pesos per dollar, at the beginning of a session in which currencies show a mixed performance against the dollar, while market participants look
Mexico’s gasoline imports fell 37.2% at an annual rate in the first half of 2020, to 5,344 million, according to data from the Bank of Mexico (Banxico). Globally, Mexico ranked as the second largest gasoline importer in 2019, with $ 17.6 billion, surpassed by the United States ($
Coca-Cola FEMSA produced and sold 11.1% of the volume of the Coca-Cola system in 2019 worldwide. With this, the company remained the largest franchise bottler of Coca-Cola brands in the world by sales volume. As part of their markets, central Mexico and its territories in Argentina are densely
The General Administration of Customs (AGA) reported that it seized a shipment of 678.4 kilograms of cocaine in the Port of Manzanillo, Colima. The seizure was carried out in coordination with the Naval Port Protection Unit of the Mexican Navy-Navy Secretariat (Semar) and the Attorney General’s Office (FGR).