Trade & Investment
EFE - Queretaro Gov. Jose Calzada said he plans to discuss seven aviation investment projects worth $150 million with companies during the 2013 Paris Air Show. The firms include Bomardier and Eurocopter, which already have operations in the state.
Beverage Daily.com - US and native microbrewers could profit if Mexico’s antitrust regulator rules that controversial exclusivity deals, which benefit local giants Grupo Modelo and Cuauhtemoc Moctezuma, owned by AB InBev and Heineken respectively, are illegal.
Business Wire - Evercore Mexico Capital Partners, a leading private equity investor in Mexico, has completed fundraising for Evercore Mexico Capital Partners III (“EMCP III”), raising $201 million, its largest fund ever.
Reuters - Bombardier, the world's biggest train manufacturer, anticipates bidding on all six of the new Mexican passenger rail projects it expects to be tendered later this year, the company's Mexico chief said on Tuesday.
Reuters - Mexico's Economy Ministry said it is considering suspending preferential trade tariffs with the United States for a variety of products in a simmering dispute over meat labeling.
Washington Post - New rules for U.S. meatpackers will require labeling that tells consumers where the animal was born, raised and slaughtered. But the regulations, posted Friday, are the latest move in a trade dispute involving Canada and Mexico.
Reuters - Mexican real estate investment trust Terrafina has agreed to pay $600 million to acquire a Mexican property portfolio of more than 80 properties from U.S. Kimco Realty Corp and its partner American Industries.
Reuters - The United States is not respecting a World Trade Organization (WTO) ruling on meat labeling, Mexico's Agriculture Minister Enrique Martinez said on Tuesday, saying it was hurting Mexico's domestic beef industry.
Motley Fool - Last year, the energy trade between the U.S. and Mexico topped $65 billion. That trade represented 11.4 percent of U.S. total oil imports. The oil trade is much larger than the drug trade.
The Yucatan Times - Hotel investment in Mexico has fallen 19 percent due to the financial crisis. Excluding the Riviera Maya, the rest of the tourist destinations have been unable to recover. The decline began in 2009, especially in the Pacific region.