Trade & Investment
Bloomberg - Nestle, the world’s biggest food company, will invest $1 billion in Mexico over five years, building two new factories in its sixth-largest market. A new infant nutrition factory will be built in Ocotlan and a petfood factory in Silao.
Fox News Latino - Chiapas is coffee country, supplier of premium beans to boutique coffee brands and major international companies. But Chiapas is, too, home to many of the poorest towns in Mexico, despite concentrated efforts to invest following fair trade and sustainable production guidelines.
EFE - U.S. Secretary of State John Kerry and Mexican counterpart Jose Antonio Meade dismissed here Friday the possibility of "reopening" the North American Free Trade Agreement, calling instead for steps to reinforce the 20-year-old pact.
Reuters - An ambitious trade pact being negotiated among Pacific Rim nations could be concluded as soon as April, Mexican Economy Minister Ildefonso Guajardo said. The Trans-Pacific Partnership (TPP) would cover almost 40 percent of the global economy.
Motley Fool - Pemex sees 29 billion barrels of potentially recoverable oil equivalent in its part of the Gulf of Mexico. 29 billion barrels would be over double the size of Pemex's current proven reserves, which would substantially increase Mexico's oil production.
HM Media - Johnson Controls informed employees in its Waynesboro plant Tuesday it will proceed with a plan to transfer some production lines and jobs to Mexico. The move is expected to begin in early 2014.
Reuters - Banco Popular said on Wednesday it would carry out a capital increase of up to 450 million euros and use the cash obtained to buy a stake in Mexican financial group BX+ and boost its core capital ratio.
Financial Times - Mexico’s Nafta negotiators used to dream of exports reaching $10 billion a month. Twenty years on, they average $1 billion a day. The past two decades have seen Mexico leap from low-cost assembly plants to establishing high-tech “clusters”, such as its multibillion-dollar aerospace industry.
LAT - Faced with rising wages in China and high shipping costs, many businesses are finding manufacturing close to home more appealing. But despite its advantages, Mexico has problems.