News

CBP Highlights the USMCA Importance During Trade Week

MEXICO – Recently, Customs and Border Protection (CBP) hosted a four-day virtual trade week During the event, the agency highlighted the importance of the US, Mexico, Canada Agreement (USMCA) and the challenges this trade deal...

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Walmart Builds Distribution Center

MEXICALI – Walmart de Mexico, SAB de CV, or Walmex, is building a 270,000 square feet distribution center in Mexicali, the company confirmed Bucking the trends of a global recession, Walmex has become one of Baja California’s economic...

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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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Sonora, one of the states most affected by the COVID-19

HERMOSILLO – Sonora was one of the states with the greatest negative impact on its economy due to the premature closure of industrial sector companies at the beginning of the health contingency by COVID-19, said Gerardo Vazquez Falcon, president...

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Germany seeks to invest more FDI in Nuevo Leon

NUEVO LEON – With an accumulated investment of US$35 billion in Mexico, German companies are looking for more presence in Mexican territory and Nuevo Leon may be one of their favorite destinations This is what Fritz Eisele Thurau, Honorary...

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Chihuahua's new car sales continue to decline

JUAREZ – New car sales in the state of Chihuahua continue to decline due to the COVID-19 pandemic The Mexican Association of Automotive Distributors (AMDA) announced that in September of this year the commercialization of light units...

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Christmas products manufacturing falls

JUAREZ – The economic uncertainty caused by the COVID-19 pandemic, which is being experienced worldwide, decreased the percentage of manufacturing orders in Ciudad Juarez’s factories related to the Christmas season According to Index data,...

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Business leaders gather to promote Tijuana-San Diego border region

SAN DIEGO — The Borderless Business Congress is gathering, virtually, in order to encourage and emphasize investment opportunities in the Tijuana-San Diego region Business leaders from both the US and Mexico believe the border is ripe with...

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Goya Foods to invest U$80 million in Texas expansion

BROOKSHIRE – Goya Foods, the largest Hispanic-owned food company in the United States, will invest US$80 million in an expansion of its manufacturing and distribution facility in Brookshire, TX   The expansion of the company’s...

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