Financial Times - Brazil’s Roberto Azevêdo has emerged as the new director-general of the World Trade Organization after seeing off the US and EU’s favoured candidate, Herminio Blanco of Mexico, according to officials familiar with the contest.Trade & Investment
5,000 fishermen trained to protect sea turtles
Sentido Comun - The Ministry of Agriculture said it has trained 5,000 fishermen and crew on both coasts on the use of turtle excluder devices. Mexico's shrimp fishermen are trying to regain U.S. certification, which was lifted earlier this year, before the season opens in September.
Tomatoes are the agriculture export success story
El Economista - Red tomatoes have become the biggest success story in Mexican agricultural exports, not only for the amount of the product that is exported but also because of the degree of technology used by Mexican producers. As of April, tomato exports had netted $834 million, an annual increase of 44.7 percent.
eleconomista.com.mx/industrias/2010/06/17/jitomates-exito-agricola-mexico
Mexico captures much of high-tech investment
Maquila Portal - Mexico is the main destination in Latin America for foreign direct investment focused on high technology, out doing countries such as Brazil or Costa Rica, according to the Economic Commission for Latin America (ECLAC). In 2009, Mexico received 71.76 percent of high technology investment and 82.25 percent of investment in low technology projects.
Mexico captures the most high-tech investment
Maquila Portal - Mexico is the main destination in Latin America for foreign direct investment focused on high technology, out doing countries such as Brazil or Costa Rica, according to the Economic Commission for Latin America (ECLAC). In 2009, Mexico received 71.76 percent of high technology investment and 82.25 percent of investment in low technology projects.
Palacio Hierro, Ripley end plans for new store chain
Sentido Comun - Grupo Palacio de Hierro and the Chilean company, Ripley, chose to end their association that aimed to build a new department store chain that would be designed to appeal to the emerging middle class in Mexico.
Nissan adds 5 nations to receive Tiida exports
Sentido Comun - Nissan Mexicana announced that it has begun to export its Tiida model, assembled in Aguascalientes, to five new countries - Angola, Armenia, Ghana, Lebanon and Nigeria, for a total of 75 nations that now sell cars made by Nissan in Mexico.
Canacar denies that it colluded to set cargo prices
Sentido Comun - The Cámara Nacional del Autotransporte de Carga, or Canacar, denied accusations of encouraging collusion among its members to set a uniform charge to customers. The Federal Competition Commission accused the organization, five carriers and five individuals with collusion.
Chiapas port receives largest cargo ship
Sentido Comun - Puerto Chiapas has receivee the largest bulk carrier in its history. The boat, named Anemone, reached the port on June 19 with 12,000 tons of corn from the port of Topolobampo, Sinaloa, for distribution to municipalities in the Soconusco region on the border with Guatemala.
Venezuela seizes second of two Gruma subsidiaies
El Semanario - The government of Venezuela seized Selected Maize Derivatives (Demaseca), one of the two Gruma subsidiaries that are operating, but continued operations without interruption. Gruma's other subsidiary, Monaca, was seized on May 13.
Mosaic is in talks to buy Mexico's Fertinal
New York Times - Mosaic, the American producer of phosphate and potash fertilizer, is in talks to buy Mexican rival Grupo Fertinal, in a deal that might be valued at as much as $1 billion, The Wall Street Journal reported. The deal would give Mosaic its first toehold in Mexico.
dealbook.blogs.nytimes.com/2010/06/14/mosaic-in-talks-to-buy-mexicos-fertinal-report-says/
