Nearly 4,000 companies participated in Mexico‘s Sector Promotion Programs (Prosec) in 2022, according to the U.S. International Trade Commission (USITC). Prosec and Rule Eight are production promotion programs separate from IMMEX, but companies can use these three programs together. In particular, Prosec allows the importation of a defined
The Mexican maquiladora (in-bond) industry is made up of entities that import raw materials and components duty-free and, in turn, export their finished products, with suppliers paying only tariffs on a value-added basis for work performed in Mexico. In 2022, according to Inegi data, revenues of companies with
The Chinese hotel sector, especially hotel chains, has experienced steady growth in recent years. According to Zhiding Yuemei Technology Co. this dynamism was generated by China‘s continued rapid economic growth and strong domestic travel demand. Above all, the increase in the penetration rate of hotel chains and the
The United States and Canada have one of the largest bilateral trade relationships in the world, including a highly integrated energy and automotive market, a U.S. congressional analysis highlights. The countries have maintained free trade for more than three decades under the North American Free Trade Agreement (NAFTA)
The United States requires import licenses or permits for a limited number of product categories, most of which have not undergone significant changes over the past four years, according to the World Trade Organization (WTO). As of March 2022, there were 19 such licenses in force for various
The game of golf remained in high demand in 2022, with the number of rounds played approximately 16% more than the number of rounds played in 2019. Furthermore, according to Acushnet Holdings Corp, rounds of golf played will foreseeably remain resilient in 2023, driven by golfer demographics, dedicated