Exports from emerging market and developing economies will grow at a year-on-year rate of 3.3% in 2022, projected the International Monetary Fund (IMF). Previously, this group of nations recorded growth of 11.8% in 2021 and the IMF forecasts a 2.9% increase for 2023. These new forecasts imply an
World trade growth is slowing sharply: from 10.1% in 2021 to a projected 4.3% in 2022 and 2.5% in 2023, the International Monetary Fund (IMF) highlighted. This is higher growth than in 2019, when rising trade barriers constrained global trade, and than during the Covid-19 crisis in 2020,
A report by the World Trade Organization (WTO) detailed the advantages of the United Kingdom–Mexico Continuity of Trade Agreement (Agreement). This agreement replaced the Economic Partnership, Political Coordination and Cooperation Agreement between Mexico and the European Union (Global Agreement). Thus, the global average of MFN rates applied in
Coca-Cola FEMSA, a company primarily engaged in producing and bottling soft drinks under The Coca-Cola Company brands, has faced a tightening of taxes and duties in Mexico. First and foremost, on January 1, 2019, the Mexican government eliminated the right to offset any tax credit against any tax
Grupo Bimbo, a bakery-focused company with more than 54,000 distribution routes worldwide, achieves high levels of efficiency in transportation and logistics. In this area, the company has an extensive world-class distribution network and strategically located automated production plants. Another way of looking at this quality: global reach combined
As of June 1, 2020, several digital services provided by foreign-based suppliers are subject to VAT (16%) in Mexico. Mexican authorities indicated that in 2021, 8,838 million pesos were collected for this concept. What are the digital services subject to VAT? They are those provided in Mexico for