Between 2017 and 2021, Mexico‘s Federal Economic Competition Commission (Cofece) initiated 37 investigations for alleged monopolistic practices, and 21 practices were sanctioned, according to a count by the World Trade Organization (WTO). In some cases, the sanctions were for collusive conduct in the health sector, energy (sale of
Pemex and a quarantine of private operators, with the permission of the Ministry of Energy (Sener), import and export hydrocarbons and petroleum products, according to information from the World Trade Organization (WTO). However, Pemex is still the most important operator. Until 2017 the price of some of the
Rice imports to Mexico totaled US$274.7 million from January to July 2022, a year-on-year rise of 16.5%, according to data from the Bank of Mexico (Banxico). While in the full year of 2021, these foreign purchases totaled 399 million dollars, the record in this indicator was recorded in
Argentina and China signed last February a memorandum of understanding within the framework of the Belt and Road Initiative. This initiative aims to boost cooperation and connectivity between the countries through land and ocean routes. The initiative seeks to develop a platform to stimulate trade and investment, market
In Mexico, it is necessary to hire the services of a customs broker, a customs agency or a legal representative, since the importer cannot directly process the customs clearance. The customs broker, customs agency or legal representative of the importer, who must be a Mexican national, generates the
The energy crisis caused by the war in Ukraine and related European Union sanctions have not only caused energy prices to skyrocket, but have also made access to energy more difficult. However, Hungary has enough oil reserves for several weeks, and the government enacted a series of measures