trade-featured
Brazil to charge import tax on Mexico-made cars
Dow Jones - Brazil will begin charging import taxes on cars produced in Mexico as soon as next year, ending a decade-long agreement. Brazil President Dilma Rousseff is "bothered" by the deficit between the two countries.
www.nasdaq.com/article/brazil-to-charge-import-tax-on-cars-produced-in-mexico--report-20120202-00507
U.S.-Canada-Mexico trade rises 12.7% in November
Truckinginfo - Trade using surface transportation between the U.S. and Canada and Mexico was 12.7 percent higher in November 2011 than in November 2010, totaling $76.7 billion, according to the U.S. Department of Transportation.
Report says Mexico loses billions in illegal outflows
Reuters - About $50 billion a year is siphoned illegally out of Mexico due largely to tax evasion and trade manipulation, according to a report from Washington-based anti-corruption advocacy group Global Financial Integrity.
www.trust.org/trustlaw/news/mexico-loses-50-blnyear-in-illegal-outflows-report
December likely continued trade deficit for 6th month
Dow Jones - Mexico likely ran a trade deficit in December for a sixth consecutive month, pushing the trade shortfall further into the red for the year as consumer goods imports helped tip the balance last month despite strong oil and automobile exports.
www.nasdaq.com/article/survey-mexicos-december-trade-deficit-seen-at-591-million-20120124-01356
Mexico drought might cut U.S. sugar exports 40%
Bloomberg - U.S. sugar imports from Mexico, the world’s sixth-largest producer, might fall to as low as 800,000 tons this season as the worst drought on record hurt crops. Mexico exported 1.42 million tons the previous crop season.
Mexico cattle exports to U.S. surge in 2011
Drovers Cattle Network - The seasonal fall peak in U.S. cattle imports from Mexico was again pronounced as imports surged in November to over 189,000 head. Total 2011 cattle imports from Mexico were 15 percent above year-earlier levels.
www.cattlenetwork.com/cattle-news/Cattle-imports-from-Mexico-finish-2011-strong-137671798.html
Mexico enacts law to spur private investment
Latin American Herald Tribune - Mexican President Felipe Calderon has signed a new law aimed at promoting private-sector participation in public works projects. The goal will be to “multiply infrastructure investment..."
Cross-border trade bolsters Kansas City Southern
Bloomberg - Kansas City Southern railcars are rumbling over the Rio Grande as record trade between Mexico and the U.S. buffers the railroad from a slowing global economy. The 125-year-old company seeks to take business away from trucks traversing the border.
www.bloomberg.com/news/2012-01-05/booming-mexico-u-s-trade-buoys-kansas-city-southern-freight.html
Cartels use legitimate trade to launder money
Los Angeles Times - It's fast becoming the money-laundering method of choice for Mexican drug traffickers, U.S. and Mexican officials say, and it involves truckloads not of cash, but of fruit and fabric.
articles.latimes.com/2011/dec/19/world/la-fg-mexico-money-laundering-trade-20111219
Senate finally approves trade pact with Peru
AFP - Mexico’s Senate has ratified a free trade deal with Peru, shortly after it was rejected by a Senate commission, after a last-minute push from the ruling party. The close vote followed five years of negotiations between the two Latin American nations.
