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Mexican officials, led by Jose Contreras Herminio Blanco Mendoza, Secretary of the Industrial Trade and Development Secretariat (Secofi), are pushing for the ratification of the Economic Complementation Agreement (ECA) with Japan, set to be signed on September 17, 2004. Senator Alejandro Gutierrez has expressed concerns about the trade agreement, citing
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Mexico City has appointed Fernando Mateo Venturini as its representative to the World Trade Organization (WTO), pending Senate approval. The new representative will focus on issues related to the Doha Agenda, specifically eliminating subsidies on agricultural exports by developed countries and reducing domestic subsidies. This move aims to kick-start negotiations
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Mexican President Vicente Fox reiterated his administration's focus on developing the country's infrastructure, particularly nationwide communications. He highlighted the significant investments made in 2004 for highway construction and modernization, which equaled the total investments for the entire previous government term. According to Fox, the construction works
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As Mexico nears the end of President Vicente Fox's administration, the private sector in the country has expressed growing discontent with the lack of results and unfulfilled promises. A survey of business leaders reveals concerns about the impact of political confrontations and mistakes on the economy, with many
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The Mexican poultry industry is gearing up for increased competition in 2008, investing heavily in local operations to meet the challenge. Last year, Mexico implemented a safeguard to protect its poultry sector from US imports, imposing a 98.9% tax on US chicken drumsticks and thighs. The tax will be
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The Mexican government, private organizations, and sugarcane producers have joined forces to upgrade infrastructure, develop byproducts, and adopt cutting-edge technology to boost the efficiency of the country's sugar plants. This initiative is a response to the sector's need to improve competitiveness before the North American Free
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A significant tax reform is being proposed in Mexico, aimed at increasing state revenues and promoting economic development. The National Action Party (PAN), Democratic Revolution Party (PRD), and Institutional Revolution Party (PRI) have jointly agreed to study tax reform, citing the need to reassess the current tax system. Key among
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A key proposal in Mexico's National Treasury Convention (CNH) document, to be presented to President Vicente Fox on Tuesday, includes the application of value-added tax (IVA) on food purchases. Although the final document will outline a reduced IVA rate of 12% and allow states to charge a 3%
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Mexican corn farmers in Valle de Chalco, Estado de Mexico, protested against companies benefiting from federal support programs, accusing them of unfair competition. The farmers claimed that the companies were selling tortillas at 3 pesos per kilo, contradicting the official price of 6 pesos. The farmers also demanded that beans
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Mexican President Vicente Fox visited Los Cabos, Baja California Sur, and announced the government's plans to launch the Tourist Habitat program next year. The program aims to promote the development of communities neighboring tourist areas. Fox emphasized the importance of inclusive development, stating that the government would not
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President Vicente Fox has addressed the pressing issue of pension schemes in Mexico, acknowledging that his government must confront the consequences of these schemes, particularly those of the Mexican Social Security Institute (IMSS). Fox underscored the need for a substantial budget allocation to cover the "legitimately earned" pensions
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Four years after the implementation of the free trade agreement (FTA) between Mexico and Israel, the North American country continues to experience a significant trade deficit. Despite reaching a total trade value of US$370 million in 2003, Mexico's exports to Israel were only US$56 million, whereas
