The Interbank Electronic Payment System (SPEI) broke a record in Mexico, both in 2020 on an annual basis and in March 2021 on a monthly basis, reported the Banco de México . From 2019 to 2020, the number of operations at SPEI grew 47%, to 1,226 million operations.
The World Trade Organization (WTO) released a report on Tuesday on the agreement reached by Canada and Australia in a wine case. Australia initially claimed that a number of distribution, licensing and sales measures, such as product margins, market access and listing policies, as well as duties and
The issues of Foreign Direct Investment (FDI) of Mexico totaled US $ 1.396 million dollars in the first quarter of 2021, reported the Bank of Mexico (Banco de México ). First of all, direct investment is a category of cross-border investment carried out by a resident of an
The peso closed the session with a depreciation of 0.25% or 5 cents, trading around 19.92 pesos per dollar, with the exchange rate touching a minimum of 19.8123 and a maximum of 19.9240 pesos. The depreciation of the peso occurred alongside most of the currencies of Latin American
The Ministry of Economy published the preliminary version of the Seventh Amendment to the Harmonized System on the SNICE website. With this, the Ministry of Economy disseminates a previous version of the modifications and adjustments suggested by the World Customs Organization (WCO), on the Seventh Amendment to the
Mexico’s automotive exports grew at an annual rate of 379.4% in April, to 12,594.9 million dollars. Thus, Mexican automotive exports were the main driver of Mexico’s foreign sales. The country recorded a sharp drop in its automotive exports in the same month of 2020 as a result of