On July 1, 2022, the completion of Phase I construction of the Olmeca Refinery in Mexico was inaugurated and, at a later stage, the testing phase of the different process plants will begin. Investments during the first construction phase total US$8,918.5 million, plus US$1,426 million in VAT, including
The Ministry of Economy has implemented a plan to automate and improve the management of procedures and processes in Mexico‘s foreign trade. First, the government streamlined operations by automating the issuance of certificates of origin for exports to member countries of the Latin American Integration Association. This certificate
The Transisthmian Train, in charge of Ferrocarril del Istmo de Tehuantepec (FIT), is a project that consists of the conversion of the old railway route that connects the cities of Coatzacoalcos, Veracruz, with Salina Cruz, Oaxaca, and contributes to the development of the Isthmus of Tehuantepec. Through the
During the first half of 2022, the Mexican government capitalized Pemex with 45.4 billion pesos for the payment of debt amortizations and an investment budget of 429.6 billion pesos. Of the latter amount, 364,000 million pesos correspond to oil and gas exploration and production, and 57,420 million pesos
In the implementation of the disciplines of the Treaty between Mexico, the United States and Canada (USMCA), Mexico participated in 16 of the 20 committees that comprise it and in two working groups. From the perspective of the Presidency of the Republic, Mexico has taken advantage of the
Mexico’s government announced that it will invest 80 billion pesos in Mexico‘s customs to be executed in 2022 and 2023. «A plan is underway to strengthen customs including the 19 on the northern border, two on the southern border and 16 port customs with an investment of more