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Aerospace Cluster in Baja California receives recognition from INADEM
The Aerospace Cluster from Baja California obtained the Cluster recognition as Intermediate Organization awarded by the Federal Government through INADEM (National Institute of the Entrepreneur), informed Tomas Sibaja, Executive President of the Cluster. It is important to underscore that only those...
Agreement for vehicle exports to Argentina was announced
The Mexican Ministry of Economy (SE) presented an agreement to establish the procedure and criteria to assign quotas to export to Argentina new light vehicles, with the purpose of encouraging and promoting competition in the automotive sector. The SE states that, this undertaking is set up accordin...
Agroalimentary exports in Guanajuato, up 18%
Luis Ernesto Rojas Avila, Director of Guanajuato's Coordinadora de Fomento al Comercio Exterior (COFOCE), assured that the State has full potential to grow from "Mexico's Barn" to become "Mexico's Freezer", as 998,000 hectares of crops are distributed statewide, giving Guanajuato the seventh place i...
Alan Russell of Tecma Group selected as one of the top speakers at MexicoNOW event
Tecma Public Relations has just received word that Alan Russell, CEO and Founder of The Tecma Group of Companies will be one of the top speakers at the MEXICONOW event that is focused on “Maquiladoras in the Trump Era”. Mr. Russell’s speech is titled, “NAFTA in Motion” and is promised to b...
Bosch will invest US$80 million to build in Queretaro
Bosch announced an US$80 million investment to build a new plant in Queretaro, where steering shafts and their components will be produced. The Company decided to build this new factory in order to increase their manufacturing capacities in North America and cater to this market. The factory is exp...
China says it plans to invest more in Mexico
After a meeting with president-elect Andres Manuel Lopez Obrador and the ambassador of China in Mexico, Qui Xiaoqi, Marcelo Ebrard, the proposed head of the Ministry of Foreign Affairs (SRE), announced that China is planning to invest more in Mexico as well as eventually participate in infrastructur...
Chinese investment to transform the state of Guerrero
Chinese executives are looking to invest roughly US$1,200 million to develop several projects in the state of Guerrero. Sources from the state's government report that Chinese executives from PRODOTEC presented a portfolio of investment within the automotive, agricultural, technology, port and indus...
Europe: opportunity for Mexico
The possibility of having the new U.S. Government renegotiating or exiting the NAFTA, has set off the alarms in Mexico, while the European Union is looking to establish a deeper commercial relation. The Free Trade Agreement between Mexico and the European Union (TLCUEM) became effective in the year ...
Formal employment is growing in Baja California
According to figures from the Mexican Social Security Institute (IMSS), the labor force of the State of Baja California continued under expansion from January to April 2016, as 24,146 new formal jobs were recorded in the State. Consequently, 6.8% of total new employment in Mexico has been created i...
Foundry industry in Guanajuato grew 100%
The industrial production of metal casting in the state of Guanajuato, grew by 100% in the last five years, due to the rising demand of the automotive and home appliance sectors, among others. The upswing of the foundry industry, placed the state up from the 13th position it occupied during 2009, t...
General Motors CEO will advise Trump on job creation
President-elect Donald Trump appointed General Motors CEO Mary Barra to the Strategic and Policy Forum, a panel of 16 prominent business leaders that will advise him on job creation and economic matters, several U.S. media outlets revealed. Barra will join the CEOs of JPMorgan Chase, Walt Disney Co...
Honeywell to deploy two smart grid projects for Mexico's CFE
Honeywell has been awarded two new regional smart grid projects in Mexico by a consortium appointed by the country's federal electricity company, Comisión Federal de Electricidad (CFE), to manage its smart grid initiatives, the company revealed in a press release. Honeywell's Smart Energy business...
IFC, China-Mexico fund to pump US$200 million into Mexico oil firm
The International Finance Corporation (IFC), the World Bank's private-sector investment arm, and the private equity firm China-Mexico Fund announced a US$200 million investment in Citla Energy, a new Mexican oil company. The IFC said the investment was prompted by the "attractive economic condition...
Industrial investment in Tamaulipas on the rise
Around US$900 million have been invested so far in new businesses from the Maquiladora Industry installed in the border region of Nuevo Laredo over the last seven years, according to Guillermo Fernandez de Jauregui Velasco, President of Mexico's National Export Maquiladora Association (INDEX). The i...
It is urgent to plan the creation of a Mexican automotive company
After the cancellation of the Ford plant in San Luis Potosi, Salvador Esqueda, President of the Center for Entrepreneurial Innovation in Aguascalientes (Ceinnova), comments that both entrepreneurs and Mexican investors must come up with a plan to create a proprietary assembler to start manufacturing...
Jalisco Governor visits companies in California
The Governor of Jalisco, Aristoteles Sandoval, visited three companies in California: Microsoft, Sanmina and Jabil, to let them know that Jalisco stands firm to help promote their growth in the State. Microsoft is interested in generating a project to impact start-ups in the State, with training, kn...
Jalisco to export 50% more avocado around the world
The market opening of the U.S. to the avocado grown in Jalisco, might increase local exports by 50%, escalating from US$100 to US$150 million per year, according to prospects by producers and local authorities. Before this Market Opening, Jalisco-produced avocado had certifications and permits to be...
Korea wants Free Trade Agreement with Mexico
South Korea expects Mexico to start the technical consultations to sign a Free Trade Agreement among the two countries, which shall provide greater dynamism to the commercial relation sustained by these nations, as there is great potential for Mexico to increase its food exports to Korea, informed t...
Looking to secure industrial policies to increase investment in Mexico
Through the National Productivity Committee, the Confederation of Industrial Chambers of Mexico (CONCAMIN) and the Ministry of Finance and Public Credit (SHCP) agreed to continue the coordinated work to push for better industrial policies, with the objective of maintaining and promoting productive i...
Manufacturing industry re-gains employment in Sonora
Sonora's export manufacturing industry, that was stagnant during the 2008-2013 period, has been recovering over the last two years and an increase in job openings and export-related income is expected to occur in 2016, experts say. In 2010, according to data of Mexico's National Institute of Statist...

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