XINHUA Some 600 Mexican day laborers are set to travel to Canada this week for seasonal work on farms as part of a cooperation agreement between the two countries, Mexico’s Labor Secretariat said. The Temporary Agricultural Workers Program “is a model of bilateral cooperation for maintaining a circular, legal, orderly and safe migratory flow of laborers,” the Labor Secretariat said
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XINHUA Mexico’s economy continues to face risks that dampen its growth outlook, but there is the chance of a modest economic recovery in 2020, the central Bank of Mexico (Banxico) said in a press release. According to the details of the latest meeting of the bank’s five-member governing board, “the majority of the members indicated that in an environment marked
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XINHUA Mexican President Andrés Manuel López Obrador (AMLO) denied Wednesday, Dec. 18, that business owners are in a state of “alarm” over the levels of violent crime, such as armed robbery of cargo trucks. “Of course there are crimes committed on highways and at companies, and there is a problem of insecurity and violence, but there is no situation of
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XINHUA The newly revised United States-Mexico-Canada Agreement (USMCA) represents “a net negative” for all three economies due to its regulatory mandates, especially concerning automobiles, said a report from the Washington-based financial thinktank Peterson Institute for International Economics (PIIE) released on Tuesday, Dec. 17. The USMCA modernizes trading rules and strengthens enforcement of labor and environmental rights, but its restrictions on
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XINHUA A renewed North American free-trade agreement alone cannot spur Mexican economic growth in Mexico, the Private Sector Center for Economic Studies (CEESP) said in its weekly report Sunday, Dec. 15. To accomplish growth, Mexico will need to take additional measures, namely modernizing its productive sector, the CEESP report said. “Once it takes effect, the agreement is expected to have a significant
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XINHUA The UANL Tigres have reached a deal to sign former Roma and Udinese forward Nicolás López from Brazil’s Internacional, the Mexican club said on Sunday, Dec. 15. Lopez, 26, will undergo a medical in the coming days and is expected to make his debut for the Liga MX side in January. “From Porto Alegre (in southern Brazil), we have
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XINHUA Mexico’s economy will continue to perform poorly in 2020, awaiting investment in infrastructure and the results of a renovated North American free trade agreement that has yet to be ratified, according to a leading Spanish financial group. Mexico’s gross domestic product (GDP) will close the year bordering on a decline, partly due to cuts in public spending on productive
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XINHUA Mexico’s government may turn to developing its significant lithium deposits, but only after its oil industry is back on its feet, President Andrés Manuel López Obrador said on Friday, Dec. 13. That decision is mainly due to budget constraints that require the government to focus on recovering oil output before investing in other areas, AMLO told reporters at his
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XINHUA The Mexican Senate ratified the modified United States-Mexico-Canada Agreement (USMCA) late Thursday, Dec. 12, after protracted negotiations for more than two years. Mexican President Andrés Manuel López Obrador (AMLO) tweeted that he signed the free trade deal and the Senate ratified it, saying “now it is up to the congresses of the United States and Canada to do the
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XINHUA Just as Mexican, U.S. and Canadian negotiators in Mexico City were ironing out last-minute modifications to the proposed United States-Mexico-Canada Agreement (USMCA) Tuesday, Dec. 10, and signing a modified protocol that would allow for a trinational board of experts to oversee labor conditions (one of the major stumbling blocks for U.S. Democrats), up in Washington, the U.S. House majority
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