Mexico imposes trade barriers to importers in the express delivery market, stated the United States Trade Representation (USTR). On June 30, 2020, Mexico increased its «global rate» rate, which is the combined tariff, tax, and rate that Mexico applies to merchandise entering the country through a less formal
The Ministry of Foreign Relations (SRE) reported that progress continues to eliminate the Undersecretariat for North America. As instructed by President Andrés Manuel López Obrador and in accordance with the austerity policies of this Government, the SRE is currently continuing with the institutional redesign to move to a
Petróleos Mexicanos (Pemex) reported that Mexico has increased 3P oil reserves (probable, probable and possible) in the last three years compared to any of the previous six years. The proven (1P), probable (2P) and possible (3P) reserves of crude oil, natural gas and other liquids are known as
The IMEF Non-Manufacturing Indicator registered an increase in March of 3.2 points to close at 52.8 units and be located in the expansion zone after spending thirteen consecutive months in the contraction zone. The trend-cycle series of this indicator increased 0.7 units and remained in the expansion zone
The IMEF Manufacturing Indicator of Mexico increased 1.0 points in March to reach 50.7 units, with which it moved to the expansion zone (> 50) after spending 21 consecutive months in the contraction zone (<50). Its trend-cycle series increased 0.1 points to reach the threshold of 50.0 units
The peso closed the session unchanged from Friday’s close, trading around 20.31 pesos per dollar, with the exchange rate touching a minimum of 20.2306 and a maximum of 20.3805 pesos and showing a lateral performance. In the foreign exchange market, the dollar weighted index lost 0.30%, due to