Trade & Investment
Farm&Ranch - The Mexican government is in the process of making regulatory changes that allow for import of U.S. beef and beef products derived from cattle of any age. This important development lifts the 30-month cattle age limit for U.S. beef and effectively removes the last of Mexico’s BSE-related restrictions.
Bloomberg - The U.S. plans to announce whether it will investigate allegations that Mexico unfairly subsidized its sugar exports, a step that may lead to penalties on trade that was valued at $1.1 billion last year.
Reuters - Mexico's telecom watchdog set a minimum bid price of 830 million pesos ($63.37 million) for two new free-to-air channels which are up for grabs as part of an effort to increase competition in the television and phone sectors.
Reuters - China's largest energy company CNPC will compete for future oil and gas development rights in Mexico, a top company executive said on Thursday, which could happen as soon as the end of this year.
Emerging Markets - Investors in Mexican infrastructure projects have faced some uncomfortable unknowns. The new federal laws aim to attract foreign investment and give investors and contractors a more certain – and more familiar – environment.
The Packer -The opening of all of Mexico to U.S. potatoes could more than triple fresh sales to the country. The value of annual exports from the U.S. could jump from $30 million to $100 million under a new agreement that no longer limits U.S. potato exports to a 16-mile zone from the U.S. border.
Economic Times - Major Indian drug producer Lupin has acquired Mexico's Laboratorios Grin, a leading player in ophthalmic products, for an undisclosed amount, marking its foray into the Latin American country.
Emirates 24/7 -Dubai and Mexico aim to expand trade and commercial ties through a range of measures such as direct flights and attracting more tourists.
Bloomberg - Investments by Honda Motor Co. and Nissan Motor Co. that look set to make Mexico the biggest car exporter to the U.S. are giving Japanese banks a chance to escape from the world’s lowest yields.
Fuel Fix - The opening of Mexico’s energy market could bring in as much as $35 billion in outside investment for the country’s oil and gas plays, a Mexican oil executive said, boosting capital from $25 billion to $60 billion.