Mexico‘s Federal Economic Competition Commission (Cofece) announced on Monday that it initiated an investigation into the digital services market, as well as digital products and related services. To begin with, Cofece published a notice in the Official Journal of the Federation (DOF) through which its investigating authority reports
The U.S. automotive industry can be divided into three distinct regions: the Midwest region, the Southeast region, and the rest of the United States. In 2022, U.S. automotive production accounted for 66.5% of production in North America and 11.4% globally. Also, according to the U.S. International Trade Commission
The top 15 automotive vehicle producers in Mexico are: GM, Volkswagen, Stellantis, Nissan, Ford, Toyota, Kia, Mazda, Honda, COMPAS, BMW, JAC, Freightliner, International and Kenworth. According to information from the United States International Trade Commission (USITC), Mexico was the world’s seventh largest producer of passenger vehicles in 2022.
The automotive rules of origin of the Mexico-U.S.-Canada Agreement (USMCA) have three main components: regional value content (RVC), labor value content (LVC), and steel and aluminum purchase requirements. According to the U.S. International Trade Commission (USITC), these standards are designed to replace those of the North American Free
The retirement savings system in Mexico is designed both to improve the economic condition of Mexican workers and to promote long-term savings in the economy by providing financing for investment projects in both the public and private sectors. The independent retirement accounts of each worker are managed by
At the end of 2022, Mexico had 211 state-owned or controlled entities, according to information from the Mexican federal government. These entities include: majority state-owned enterprises; decentralized agencies; public trusts; and state-owned productive enterprises, including their subsidiary productive enterprises. Majority-owned companies include banking development institutions, such as the