Canada operates 15 Free Trade Agreements (FTAs) around the world, according to information from the Canadian government, among which the Mexico-United States-Canada Agreement (USMCA) stands out. At the regional level, the T-MEC entered into force on July 1, 2020 and preserves the essential trade benefits of the North
China’s economy faces challenges in boosting its exports and coping with the Covid-19 pandemic, highlights an analysis released by National Bank of Canada. Although by early 2023 the sluggishness of Chinese households may have been partly offset by strong foreign demand, an export-led growth model no longer works
Mexico‘s avocado exports registered a year-on-year growth of 8.5% from January to November 2022, to 3.188 billion dollars, according to a report released by Grupo Consultor de Mercados Agrícolas (GCMA). Among the factors that place Mexico as the main supplier of fresh avocados worldwide, is the quality of
After slowing to 4% in 2022, world trade growth is expected to decelerate further to 1.6% in 2023, largely reflecting weakening global demand, the World Bank projected. Trade is also expected to be particularly weak in emerging markets and developing economies with strong trade links to major economies,
On average, Mexico accounted for 57% of total manufacturing exports from Latin America and the Caribbean (LAC) between 2019 and 2021, followed by Brazil, Chile and Argentina. Overall, the share of manufactures in total exports of goods is higher in Central America, the Caribbean and Mexico than in
Both productivity and real wage growth were high in the United States in 2020, but have declined since then, according to a U.S. congressional analysis. In particular, both real wage growth and productivity growth have been consistently negative in 2022. Although nominal wage increases have been above trend