Mexico Offers New Tax Cuts to Attract Nearshoring Investment
The only requisite for eligibility is that the investment must be made during the rest of 2023 or during 2024
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AMLO Government Creates New 25 Billion-Peso Trust Funds
By MARK LORENZANA The Mexican government has just created three new trust funds, or “fideicomisos,” despite a decree by President Andrés Manuel López Obrador in March of 2020 ordering the “extinction” of 109 trust funds to combat corruption. The beneficiaries of the three new discretionary trust funds created by the executive branch — without going through Congress — are the
Read moreMexico Misses Aviation Rating Fixes, Hindering National Airlines
By KELIN DILLON Several months after Mexico’s air space rating was downgraded from a category 1 to a category 2 by the U.S. Federal Aviation Administration (FAA), the country has failed to fix its aviation-related issues to regain a higher rating within the year, pushing its reevaluation into 2022. While Deputy Secretary of Transportation Carlos Morán and the Deputy Secretary
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By RICARDO CASTILLO First USMCA Investment The Canadian firm Bombardier Recreational Products (BPR) announced on Thursday, July 2, the construction of a plant in Ciudad Juárez, Chihuahua, which will build four-wheel-drive vehicles, making it the first investment of the new era of the United States-Mexico-Canada Agreement (USMCA). The announcement was made in Mexico by the Economy Secretariat, claiming that the
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