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Archive for the ‘Mexico’ Category

Mexico Strengthens Position as Key Market for U.S. Dairy Exports

Agricultural Exports, Mexico, News

December 20, 2024

Mexico is solidifying its position as one of the most important markets for US dairy exports, showcasing the strength of the trade relationship between the two countries. This growing partnership is driving opportunities for agricultural trade and fostering mutual economic benefits.   Currently, Mexico purchases more than 25 percent of US dairy exports, representing 4.5 […]

Mexico Surpasses China as Top Source of US Imports

China, Mexico, News, Trade Relations

December 3, 2024

In a significant shift, Mexico has emerged as the leading source of goods imported to the United States, surpassing China for the first time in over two decades. This trend underscores evolving dynamics in global trade relations, influenced by tensions between Washington and Beijing and a growing preference for sourcing from countries closer to home. […]

US and Mexico Strengthen Collaboration to Address Migration Challenges

Mexico, News, Trade Policy, United States

December 28, 2023

In a collaborative effort to address the escalating issue of record migration at their shared border, the United States and Mexico have pledged to enhance cooperation, as announced in a joint statement following high-level talks. The discussions, which took place after U.S. Secretary of State Antony Blinken’s visit to Mexico, focused on strategies to manage […]

U.S. and Mexico Acknowledge Need for Increased Border Enforcement

Logistics, Mexico, News, United States

December 21, 2023

In a recent conversation between U.S. President Joe Biden and Mexican President Andres Manuel Lopez Obrador, both leaders concurred on the necessity of enhancing border enforcement between their nations, as a surge in attempted border crossings has disrupted trade activities. This consensus was disclosed by the White House.   In response to this shared concern, […]

US and Mexico Collaborate to Strengthen Investment Security Screening

International Trade, Mexico, News, United States

December 7, 2023

In a significant move aimed at bolstering national security, the U.S. Treasury has announced a formal agreement with Mexico’s finance ministry to cooperate on enhancing the screening of foreign investments. This collaborative effort includes the regular exchange of information regarding best practices in investment security.   The Biden administration has been actively promoting Mexico as […]

China and Mexico Officials Pledge to Enhance Bilateral Cooperation

China, Mexico, News, Trade Agreements

December 5, 2023

In a demonstration of strong bilateral relations, Chinese Foreign Minister Wang Yi and Mexican Foreign Minister Alicia Barcena met in Beijing to discuss the potential for further cooperation between their two countries. Wang Yi emphasized the substantial potential and ample room for development in China-Mexico cooperation during their meeting.   A significant point of discussion […]

U.S. Treasury Secretary Yellen Visits Mexico to Strengthen Cooperation on Fentanyl and Supply Chains

Mexico, News, Supply Chain, United States

December 4, 2023

U.S. Treasury Secretary Janet Yellen is set to embark on a trip to Mexico City from December 5th to 7th, with a focus on enhancing collaboration with Mexican officials to combat illicit finance and the trafficking of fentanyl. Additionally, the visit aims to reinforce Mexico’s role in U.S. supply chains, as stated by Treasury officials. […]

Mexico and China Strengthen Ties, Pledge to Boost Trade and Investment

China, International Trade, Mexico, News

November 16, 2023

During a meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, leaders of Mexico and China reaffirmed their commitment to enhancing their bilateral relationship. They pledged to work together to strengthen ties, combat illegal drug trafficking, and promote increased trade and investment between their nations.   Chinese President Xi Jinping […]

Mexico’s Automotive Sector Witnesses Strong Growth in October

Automotive Industry, Mexico, News

November 7, 2023

In a promising development for Mexico’s automotive industry, recent data from the national statistics agency INEGI has revealed a substantial increase in both production and exports in the month of October compared to the previous year.   Automotive production in Mexico surged impressively by 35.77%, reaching a total of 378,129 vehicles. Simultaneously, the country’s auto […]

Mexico Strengthens Trade Relations with Cuba through Humanitarian Oil Assistance

International Trade, Mexico, News

October 16, 2023

In a heartening display of solidarity, Mexican President Andres Manuel Lopez Obrador announced on Monday that Mexico is committed to assisting Cuba, including supplying the country with vital oil resources.   Since the beginning of this year, Mexico has been regularly shipping crude oil to Cuba, with approximately 2.8 million barrels sent to the island […]

Mexico’s Auto Assembly Sector Sees Unprecedented Growth in Foreign Direct Investment

Foreign Direct Investment, Mexico, News

August 25, 2023

The International Trade Council is thrilled to spotlight Mexico’s automotive sector, which has registered a record-breaking foreign direct investment (FDI) of US$5,024 million in the first half of 2023. This milestone is not just an all-time high for a six-month span but also surpasses the previous annual record of $4,281 million achieved in 2019. Mexico’s […]

Foreign Direct Tourism Investment in Mexico Surpasses US$1.4 Billion, Reflecting Confidence in the Nation’s Appeal

Foreign Direct Investment, Mexico, News

August 24, 2023

The International Trade Council is pleased to highlight the significant strides in Foreign Direct Investment in Tourism (FDIT) in Mexico, which reached an impressive milestone of US$1.4 billion during the first half of 2023. This noteworthy achievement constitutes approximately 4.9% of the total National Foreign Direct Investment, as revealed by the Ministry of Tourism.   […]

Mexico and US Seek Continued Dialogue on Trade Disputes

Mexico, News, Trade Relations, United States

December 2, 2022

The International Trade Council (ITC) acknowledges the recent proposal by Mexico’s economy secretary for further talks with the United States regarding the ongoing dispute over Mexico’s energy sector. The ITC supports the commitment of both nations to engage in dialogue to resolve their differences and avoid a full-fledged trade complaint under the U.S.-Mexico-Canada trade agreement. […]

International Trade Council Urges Dialogue to Resolve Mexico-US Dispute over GM Corn

Agricultural Trade, Mexico, News, United States

November 30, 2022

The International Trade Council (ITC) acknowledges the ongoing commercial dispute between Mexico and the United States concerning Mexico’s ban on imports of genetically modified (GM) yellow corn. The ITC urges both parties to engage in constructive dialogue to find a mutually beneficial resolution to the issue. Mexico’s President, Andrés Manuel López Obrador, has affirmed Mexico’s […]

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