The Ministry of Economy reported that it suspended the issuance of certificates of origin for exports of auto parts to Brazil under the Economic Complementation Agreement 55 (ACE 55). The measure is aimed at all users of the tariff preferences established in the framework of Appendix II of
The world’s agricultural and food exports fell 1.3% year-on-year in May, according to preliminary data from the World Trade Organization (WTO). Trade in agricultural products has been more resilient than trade in general. According to the WTO, this reflects the essential nature of food and the relative income
The Brazilian government reported that it will temporarily eliminate tariffs on imports of corn, soybeans and rice outside Mercosur. Brazilian rice imports totaled $ 245 million in 2019, with external suppliers such as Paraguay, Uruguay, Argentina and Italy. Meanwhile, foreign purchases of corn from Brazil totaled 199 million
Mexico’s oil exports fell 36.5% in July at an annual rate, reaching 1,403.9 million dollars, informed Inegi. This amount was made up of 1,186 million dollars of crude oil sales and 218 million dollars of exports of other petroleum products. In that month, the average price of the
The peso starts the session with a depreciation of 0.13% or 2.8 cents, trading around 21.96 pesos per dollar. In the foreign exchange market, currencies show a mixed behavior, as market participants are waiting for the participation of Fed Chairman Jerome Powell in the Jackson Hole monetary policy
Imports from Mexico presented a year-on-year decrease of 26.1% in July, to 29,863.7 million dollars, informed Inegi. This figure was a reflection of decreases of 24.1% in non-oil imports and 44.4% in oil imports. When considering Mexico’s imports by type of good, annual decreases of 39.3% were observed