Mexico, the United States and Canada agreed this Tuesday to create a committee for the import substitution to North America from Asia. President Andrés Manuel López Obrador made the announcement as part of the agreements reached at the 10th North American Leaders’ Summit, which was also attended by
The Covid-19 pandemic and the persistent invasion of Ukraine by the Russian Federation have caused significant disruptions in global supply chains and trade. From the U.S. government’s perspective, these stresses put the spotlight on pre-existing vulnerabilities in many supply chains, which encompass the United States, and the disruptions
At the end of September 2022, the total assets of Mexico‘s banking sector were 12 trillion 513.2 billion pesos, which represented a real annual increase of 3.8% with respect to the end of September 2021. Also at the end of September 2022, the outstanding loan portfolio of the
This is a brief summary from the U.S. government on the Agreement between Mexico, the United States and Canada (USMCA or «the Agreement»), which entered into force on July 1, 2020. The USMCA maintains the zero tariffs between the three countries already provided for in the North American
The following are five of Mexico‘s main recent actions on the environment, a matter that is increasingly regulated in international agreements. First and foremost, on August 12, 2022, the Strategy for the Implementation of a Sustainable Ocean Economy 2021-2024 was published in the Official Journal of the Federation,
On October 31, 2022, construction began on the second rail bridge between Nuevo Laredo, Tamaulipas and Laredo, Texas. This project is expected to expand and expedite bilateral trade between Mexico and the United States and is scheduled for completion in the second quarter of 2024. In terms of