Trade & Investment
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.
Bloomberg - The Mexican Senate will probably abandon an attempt by the lower house of Congress to force the nation’s two largest railroads to open up their networks, according to Kansas City Southern.
Japan Times - Steel-maker Kobe Steel Ltd. and its trading affiliate Shinsho Corp. said Monday they have agreed with three other companies to consider setting up a joint venture in Mexico to process steel wire rod into steel wire of cold heading quality used to make auto parts.
Reuters - U.S. and Chinese rail companies have expressed interest in the Mexican rail freight market if a bill that seeks to open up the sector to more companies is approved, the head of the lower house of Congress' transport commission said on Tuesday.
Reuters - Foreign investor inflows to Mexican stocks and bonds picked up slightly in the fourth quarter, helping Mexico narrow its current account balance of payments deficit, a central bank report showed on Tuesday.
EFE - Spain's secretary of state for Trade arrived Tuesday in Mexico to meet with high government officials and business leaders to agree upon the subjects to be discussed at the next meeting of the Mexico-Spain Binational Commission.