Nearshoring, Offshoring and the Maquiladora Industry
Even while establishing new industries, U.S. manufacturers kept using the term offshore to refer to assembling in Mexico
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Britain Opens Free-Trade Talks with Mexico
By THE PULSE NEWS MEXICO STAFF The British government on Friday, May 20, announced that it has begun preliminary negotiations with Mexico to establish a bilateral free-trade agreement. According to British Trade Minister Anne-Marie Trevelyan, using as a template the European Union-Mexico agreement that was negotiated over two decades ago, the United Kingdom, which ceased to be included in that
Read moreCheco Pérez Leads Monaco Grand Prix Practice
By KELIN DILLON Mexican Formula 1 driver Sergio “Checo” Pérez of Red Bull Racing took the fastest lap during the free practice of the Monaco Grand Prix on Thursday, May 20, with a time of 1:12.487. The Guadalajara native, who used soft tires on the city track, beat Ferrari driver Carlos Sainz and his own teammate Max Verstappen by .119
Read moreMexico and UK Sign Trade Deal
XINHUA Great Britain and Mexico have signed an agreement aimed at securing the existing bilateral trade following the end of the Brexit transition period on Dec. 31, the British Department for International Trade (DIT) said Tuesday, Dec. 15. The UK-Mexico Trade Continuity Agreement (UKMCA) will provide certainty for British and Mexican businesses “trading the goods and services that make up
Read moreMexico News Roundup
By RICARDO CASTILLO Budget Change Controversy Harsh times demand harsh measures, and this week Mexican President Andrés Manuel López Obrador (AMLO) sent a bill to the Chamber of Deputies proposing to rearrange the government’s budget to meet the inevitable health and financial crisis looming for the nation. AMLO’s adversaries, through the non-governmental organization México Evalúa (Evaluates) has claimed that the
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By RICARDO CASTILLO The Return of the Swaps The U.S. Federal Reserve (Fed) struck a deal with eight national central banks, including the Banco de México (Banxico), to back up dollar-denominated loans in global markets in an attempt to stabilize the exchange market, now under stiff pressure from the Covid19 pandemic. Banxico issued a press release explaining: “The swap mechanism
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By RICARDO CASTILLO Mexican Army Grooves to Music and Dance The Mexican Armed Forces (Army, Navy and Air Force) took a two-day-long recess to commemorate the 107th anniversary of its foundation on Feb. 19, 1913. The celebration began on the night of Tuesday, Feb. 18, with the National Defense Secretariat (Sedena) Symphony and Choir delivered a spectacular concert, mostly for officers,
Read moreTehuantepec: Railway to Nowhere, Again
By RICARDO CASTILLO This is yet another article about the Isthmus of Tehuantepec, but to make sense of the matter, let me start somewhere else. Once the U.S. star spangled banner was flying over the National Palace in Mexico City — back on Sept 13, 1847, to be exact – then-U.S. President James Polk was asked, with the new conquest
Read moreSingapore Ponders Investment in Tehuantepec
By RICARDO CASTILLO … Singapore’s prime minister met with AMLO to discuss his nation’s potential involvement in the Tehuantepec Isthmus project…
Read morePacific Nations Leave US in Rearview Mirror on Trade
By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
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