Members of the World Trade Organization (WTO) questioned the obligation to use customs brokers in order to import into Mexico. These positions were made at the WTO’s Trade Policy Review of Mexico in Geneva, Switzerland. Members welcomed the creation of Mexico’s National Trade Facilitation Committee and noted the
Mexico will have zero oil exports by 2023, according to a report released by the Asia Pacific Economic Cooperation (APEC) forum. By way of background, the decline in Mexico’s crude oil production was mainly due to the depletion of the supergiant Cantarell Field, Petróleos Mexicanos‘ (Pemex) largest asset,
The World Bank reported on the progress of a loan for improvements to Bolivia‘s National Airport and the San Buenaventura-Ixiamas road transit. First and foremost, the World Bank approved a $109.5 million International Development Association (IDA) credit in fiscal 2011, which became effective in fiscal 2012, for Bolivia’s
Clean energy certificates (CEL) are certificates issued by the CRE that guarantee that a certain amount of energy is produced from clean energy sources. CELs are granted to generating plants for each megawatt-hour (MWh) they produce using clean energy sources. Companies that sell electricity to basic users, in
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,