Category: Agreements

U.S. prepares labor dispute against Mexico

MONTERREY – As soon as Joe Biden takes position as president of the United States, the American Federation of Labor and the Congress of Industrialized Organizations (AFL-CIO) will initiate a labor dispute against Mexico for breach of the USMCA...

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Mexico Legalizes Recreational Pot

By Wendy Fry Mexican federal lawmakers have been ordered by a court to make rules by mid- December that would essentially legalize marijuana, making the country the largest market in the world for legal, recreational pot and creating the...

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President Proposes Energy Deal

MEXICO – Sempra Energy needs one final permit from the Mexican federal government before it can proceed in the expansion of a liquefied natural gas, or LNG, facility near Ensenada At a news conference, President Andres Manuel Lopez Obrador...

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Green Pace Financial will finance the construction of a multi-family project in San Diego

SAN DIEGO – Green Pace Financial and its affiliate Hoover Financial closed the US$347 million in Commercial PACE approved construction financing to complete the construction of a 53 Unit Class A Multifamily development plus 45,000...

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New Mexico proposes US$25 million economic stimulus package for tourism industry

SANTA FE – Gov Michelle Lujan Grisham has proposed a US$25 million special appropriation as an economic stimulus package for the New Mexico tourism industry in response to the COVID-19 pandemic The COVID-19 pandemic created widespread...

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BioDuro and Sundia Partnered

SAN DIEGO – San Diego-based BioDuro, a global life science research and development organization backed by Advent International, and Sundia, a leading contract research and manufacturing organization, announced that they have partnered to create...

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Texas announces Mexico will meet water delivery

EL PASO – Greg Abbott, governor of Texas, announced that Mexico will meet its obligations to the state under the Use of the Waters of the Colorado, Tijuana, and Rio Grande Rivers (Water Treaty), which was signed on February 3rd, 1944 The...

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Mexico Aims to Reduce Smuggling and Increase Tax Collection

MEXICO – Tax collection for foreign trade operations at the Mexican customs during the first semester of the year had a reduction of 17% compared to the previous year, according to official data This situation was a warning sign for the...

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New agreement with US allows Mexico to meet water obligations

MEXICO – The federal government announced that it had reached an agreement with the United States to settle Mexico’s water debt to its northern neighbor Mexico and the United States have to send water to each other under the terms of a...

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Mexico remains as the U.S.’s main trading partner

MEXICO – Total trade between Mexico and the United States amounted to US$337 billion between January and August 2020, making the country the largest US trading partner in 2020 According to data from the US Census Bureau, US trade with Mexico...

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