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Mexico's Chamber of Deputies has rejected President Vicente Fox's observations to the 2005 Spending Budget bill, with several constitutionalists consulting legislators stating that the "implicit veto" presented by the Executive branch will not proceed. The Treasury Commission's secretary, Francisco Suarez Davila, stated
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Mexican President Vicente Fox canceled his planned visit to Peru at the last minute, citing a desire to focus on pressing national issues. The cancellation, announced on December 6, 2004, came as Fox wanted to be present in Mexico on a crucial day when deputies were expected to discuss the
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In a survey conducted by newspaper El Universal, business leaders urged President Vicente Fox to revamp the country's economic policy to benefit all Mexicans. The industrialists highlighted the need to strengthen the domestic market and reactivate strategic sectors, citing the petrochemical industry as an example. Despite positive macroeconomic
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Mexico's President Vicente Fox has reaffirmed his commitment to promoting cooperation between the three nations that make up the North American Free Trade Agreement (NAFTA). Following a new alliance signed by US President George W. Bush and Canadian Prime Minister Paul Martin, Fox stated that he will maintain
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The Mexican government has expressed willingness to negotiate a Mutual Recognition Agreement (MRA) with the European Union to facilitate the export of trucks. This move comes on the heels of a successful year for Mexico's truck exports, with revenues reaching $6.6 billion, of which 97.5% were
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Mexico is carefully watching the possible creation of a free trade agreement between the Asia-Pacific Economic Cooperation (APEC) countries, following the summit in Santiago, Chile. Mexican Secretary of Economy Fernando Canales Clariond stated that for such an agreement to be successful, there are still many factors lacking, including a human,
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Mexico's national footwear industry is facing collapse due to a combination of factors, including the government's lack of support, increased imports, and unfair trade practices from China. According to Santiago Pazos, president of the National Footwear Industry Chamber (Canaical), the industry is on the verge of
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Mexico has petitioned the European Union (EU) to modify rules of origin in their Free Trade Agreement (FTA) to enable the country to export television sets to the region. The current technological gap in the agreement prevents Mexico from being a significant player in this market. The EU imports $6.
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Compania Minera Autlan is set to reduce its reliance on natural gas and lower costs by building a synthesizer plant powered by petroleum coke in Molango, Hidalgo. The Mexican mining company aims to start construction during 2005, with the goal of reducing energy consumption, which currently accounts for a large
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The Mexican government has launched a plan to decrease the country's reliance on natural gas imports from the United States, shifting focus towards liquefied gas from Bolivia and Peru. President Vicente Fox has met with his Bolivian counterpart, Carlos Mesa, to outline the details of a bilateral agreement
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Mexico's competitive advantage in trade with its North American Free Trade Agreement (NAFTA) partners is under threat due to forthcoming trade accords between the United States and 20 Latin American nations. Former Secretary of Trade and Industrial Promotion Herminio Blanco has warned that Mexico must speed up reforms
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Mexico's trade policies have failed to ensure economic stability and growth, despite implementing open economic and trade policies in the 1980s, stated former Foreign Affairs Minister Fernando Solana Morales. With globalization, the country needs to redefine its role in the world of trade, shifting its focus from the
