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The US Supreme Court's unanimous ruling has lifted restrictions on Mexican truckers accessing US highways, a decision hailed by Mexican business representatives as a significant step in boosting Mexico's competitiveness with Asian countries. However, concerns over environmental impacts and road safety have led some local unions
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President of the Mexican Senate Enrique Jackson Ramirez met with Japanese Prime Minister Junichiro Koizumi in Tokyo to discuss progress in trade negotiations between the two countries. The senator highlighted the potential benefits of the trade accord, including access to Japanese and Asian markets, increased Japanese investments in Mexico, and
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In the first three months of the year, Mexico's airport operator Aeropuertos y Servicios Auxiliares (ASA) saw a significant increase in its operations and passenger traffic. According to reports, ASA's operations rose 9.5% year-on-year, with a total of 79,835 flights, including 70,301 national
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Mexican President Vicente Fox is set to meet with several European leaders at the upcoming Guadalajara Summit, including Spanish Prime Minister Jose Luis Rodriguez Zapatero, German Chancellor Gerhard Schroeder, and French President Jacques Chirac. The summit, which will take place on Thursday, will also feature meetings with the presidents of
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The Mexican Foreign Trade Council's president, Carlos Rojas Magnon, has reported that Mexico is not fully utilizing its free trade agreements (FTAs) with other countries. Despite having agreements with the US and Europe, Mexico's trade activity is limited, with many businesses missing out on opportunities to
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Mexican farmers have been struggling to compete with large-scale US agricultural subsidies, but a revision of the North American Free Trade Agreement (NAFTA) may offer a glimmer of hope. The National Rural Confederation (CNC) welcomed the recent announcement of a revision, citing the potential for compensatory measures that would help
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The demand for security systems in Mexico City has increased significantly in the last five years, with a notable rise in the sales of close-circuit television (CCTV) and electric fences. According to companies in the sector, security systems have seen a substantial growth, with a 50% increase in the last
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Mexico's state-owned enterprises, including the Mexican Social Security Institute (IMSS), Luz y Fuerza del Centro (LyFC), and Comision Federal de Electricidad (CFE), faced significant financial challenges in the first quarter of 2004. The IMSS and LyFC experienced substantial increases in their programmed spending due to rising pension and
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Mexico's municipal governments are struggling to pay workers' pensions due to insufficient social security schemes, putting a significant portion of the population at risk. According to Reynaldo Escobar Perez, president of the Association of Local Authorities of Mexico, approximately 2,434 municipalities in Mexico, with 80% facing
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President Vicente Fox has committed to a significant overhaul of the Mexican Social Security Institute (IMSS), a move aimed at elevating the system to high-quality standards. Fox acknowledged the government's substantial debt to the approximately 12.5 million workers registered with the IMSS, stating that a transformation is
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Mexico is confident that it will maintain its position as the second largest textile provider to the United States, despite the impending tariffs of 0% for China's textile products. The country has joined the list of nations seeking protection from the World Trade Organization (WTO) to delay the
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The pension fund of Mexico's Social Security and Services Institute for State Workers (ISSSTE) is experiencing a significant imbalance due to a decline in the birth rate and an increase in life expectancy. This demographic shift has led to a decrease in the number of active workers per
