Trade & Investment

Trade & Investment

Pork tariff won't curb Mexican consumption

Reuters - Mexico's 5 percent tariff on U.S. pork will not stop imports of the meat, which still is cheaper than from other sources in a country that has developed an appetite for pork. The tariff is in retaliation for the United States limiting access of Mexican trucks to U.S. roads.

Nextel expects to be granted wireless spectrum soon

Dow Jones - Televisa, Mexico's No. 1 broadcaster and largest producer of Spanish-language content in the world, has said it will invest $1.44 billion for a 30 percent stake in Nextel Mexico, the smallest of Mexico's four wireless carriers, if they obtain sufficient spectrum in two government-sponsored auctions.

Calderon announces measures to boost trade

Bloomberg - Mexican President Felipe Calderon announced measures he said will cut red tape in the economy, increasing exports to Europe and Latin America and drawing more foreign investment. The measures will reduce the amount of information exporters must supply to the government and slash the time needed to acquire the certificate of origin.

Mexico-China venture to build streetcars for Mexico

Maquila Portal - The Mexican company PCZ Construcciones says it has a deal with the Chinese companies CNR and China Railway International, better known as CRI, to build streetcars in Mexico that will serve the Mexican cities of Morelia and Zacatecas with operations starting next year.

Coconut harvest averages 30.5 million tons

Sentido Comun - The Agriculture Ministry said in a statement that coconut producers in the country harvest 30.5 million coconuts annually. The crop has a market value of about 1.2 billion pesos ($95.25 million) and creates about a half million jobs. Guerrero is the largest producer, with 16,000 operations.

Ludwig digital technology to be deployed in Mexico

Market Watch - Ludwig Enterprises board of directors announced it has reached a definitive agreement with the Consortium, Inc., to license its technology for deployment in Mexico. The new technology will allow the Consortium to deploy a new Mexican digital radio network.

Punitive tariffs to be put on even more U.S. goods

Bloomberg - Mexico will subject additional imports from the U.S. to retaliatory tariffs because of the U.S. government’s failure to restore a program allowing Mexican trucks to operate north of the border, Economy Minister Bruno Ferrari said today, Monday, iwthout specifying what new goods would be affected but said their value is about $2.5 billion.

Maxcom seeking bids from Telefonica, Vivendi

Bloomberg - Maxcom Telecomunicaciones, Mexico’s fifth-largest phone carrier, is for sale and seeking bids from Spain’s Telefonica and France’s Vivendi, according to two people with knowledge of the situation. The stock had its biggest jump ever on the news.

Industrial production falls for first time in six months

Sentido Comun - Mexico's industrial production fell 0.4 percent in seasonally adjusted terms in June against May, the first decline in six months. Manufacturing fell 0.1 percent in June compared to May, the mining sector fell 1.2 percent and construction fell 1.4 percent.

AeroUnion buys three Airbus planes

Sentido Comun - Air cargo carrier AeroUnión acquired three Airbus aircraft to increase its existing capacity and expand services to Latin America and eventually to North America. The company currently provides air cargo transportation from Mexico City, Guadalajara and Monterrey.

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