Mexico captured 396 million dollars of FDI in oil and gas extraction from January to September 2020, a reduction of 33.5% year-on-year, according to data from the Ministry of Economy. Several private sector oil and gas contractors that received contracts for land, shallow water and deep water projects
Members submitted an unprecedented number of notifications to the Technical Barriers to Trade (TBT) Committee in 2019, according to statistics from the World Trade Organization (WTO). In total, Members submitted 3,337 notifications of new or amended measures, more than in any other year since 1995. This figure comprises
Walmart de México y Centroamerica reported that the Federal Economic Competition Commission (Cofece) initiated an investigation against it for alleged monopolistic practices in the wholesale supply and distribution of consumer goods. In summary, Walmart de México y Centroamérica is one of the most important commercial chains in the
Maersk highlighted that the 2020 trans-Pacific peak season has created challenges for many ground logistics providers trying to keep up with import cargo volumes testing port and ground distribution infrastructure. As such, the company is actively working with the Long Beach, California-based Port Trucking Association, whose membership of
The Tax Administration Service (SAT) reported that it renewed a tax agreement with the United States government on the maquiladora regime to avoid double taxation and ensure that maquilas contribute equitably in Mexico. The Internal Revenue Service (IRS) of the United States and the SAT agreed to renew
An analysis of the World Trade Organization (WTO) highlighted that online e-commerce platforms have seen significant growth since the start of the Covid-19 pandemic. Amazon, a US-based e-commerce company, posted revenue of $ 75 billion in the first three months of the year, averaging $ 33 million an