Banxico highlighted trends in relocation based on the results of companies that observed increased demand for their products or services as a result of nearshoring. Specifically, it indicated that the proportion of companies benefiting in the sector integrated into global chains is greater than in the rest of
The Bank of Mexico (Banxico) conducted an analysis of the concrete benefits resulting from nearshoring in Mexico. Nearshoring is the practice of transferring a business operation to a nearby country, especially in preference to a more distant one. According to Banxico, Mexico’s geographic proximity to the United States
The U.S. Trade Representation (USTR) is primarily responsible for developing and coordinating U.S. international trade and direct investment policies as the head of the interagency trade policy coordination process. As part of the Executive Office of the President, USTR is the President’s principal advisor on trade policy and
The Ministry of Economy, through the Mexican Institute of Industrial Property (IMPI), authorized new geographical indications and famous trademarks. In general, IMPI is making progress in strengthening industrial property and democratizing access to these rights, which, in turn, contributes to the economy by protecting innovation and the development
The USITC is an independent, quasi-judicial agency charged with conducting trade-related investigations and providing independent technical advice on U.S. international trade policy to Congress, the President, and USTR. The Commission investigates and determines whether imports injure a domestic industry or violate U.S. intellectual property rights; provides independent analysis
Texas and Mexico share a 1,254-mile border with 28 vehicular border crossings and six rail crossings that allow for vehicular, pedestrian and rail traffic. Of the 28 border crossings, 15 serve both commercial and passenger vehicles, according to the North American Development Bank (NADBank). Nearly all of the