Private consumption growth slowed in OECD countries in general terms, with wage growth below the inflation trend. The global economy has lost momentum this year. After recovering strongly from the Covid-19 pandemic, it looked set to return to a more normal economic situation before «Russia‘s unprovoked, unjustifiable and
World GDP has been affected by the Russian invasion of Ukraine and its growth stalled in the second quarter of 2022, the OECD reported. Now, indicators in many economies point to a prolonged period of subdued growth. Indeed, the war has pushed up energy and food prices substantially,
Mexico‘s industry registered a 3.5% year-on-year growth in July 2022, driving a 2.2% rise in the Global Indicator of Economic Activity, Inegi reported Monday. With this, industry offset a 2.7% drop in primary activities, while tertiary activities had a 1.7% increase. These indicators consider 2013 as the base
The Ministry of Economy (SE) of Mexico published 15 questions and answers related to the Foreign Trade Compliant Company (ECCE, by its Spanish acronym). Compliant Company These are the questions and answers: 1.- Who is the program aimed at? It is aimed at companies established in Mexico that
The U.S. Department of Commerce (USDOC) issued an invitation to analyze the benefits of Mexico’s Complying Company in Foreign Trade (ECCE) Program. The Ministry of Economy published the ECCE on September 7, 2022. In broad terms, the ECCE is a best practice certification model for foreign trade compliance
During 2021 there were 197 active Free Trade Zones in the United States, with a total of 356 active production operations, according to Commerce Department data. More than 480,000 people were employed in 1,200 active FTZ operations during that year. Also, the value of shipments to the zones