Trade & Investment
Washington Post - New rules for U.S. meatpackers will require labeling that tells consumers where the animal was born, raised and slaughtered. But the regulations, posted Friday, are the latest move in a trade dispute involving Canada and Mexico.
Reuters - Mexican real estate investment trust Terrafina has agreed to pay $600 million to acquire a Mexican property portfolio of more than 80 properties from U.S. Kimco Realty Corp and its partner American Industries.
Reuters - The United States is not respecting a World Trade Organization (WTO) ruling on meat labeling, Mexico's Agriculture Minister Enrique Martinez said on Tuesday, saying it was hurting Mexico's domestic beef industry.
Motley Fool - Last year, the energy trade between the U.S. and Mexico topped $65 billion. That trade represented 11.4 percent of U.S. total oil imports. The oil trade is much larger than the drug trade.
The Yucatan Times - Hotel investment in Mexico has fallen 19 percent due to the financial crisis. Excluding the Riviera Maya, the rest of the tourist destinations have been unable to recover. The decline began in 2009, especially in the Pacific region.
Automotive News Europe - There are lots of reasons Audi chose to build its Q5 crossover in Mexico: cheap labor, a government willing to offer incentivesand favorable trade agreements with several nations. But European tariff duties also had an influence.
Albuquerque Business First - New Mexico’s exports to Mexico during the first quarter of the year were up by 13 percent over numbers reported for the same period in 2012, according to the U.S. Commerce Department.
Washington Post - In recent months, Mexico has made progress in convincing the world that it is being treated unfairly because the U.S. tuna fishing regulation is not applied uniformly. The central question is how much dolphin bycatch is too much.
FuelFix - The United States continues to be Mexico’s main trading partner for energy products - more than $65 billion in energy trade in 2012 and 13 percent of overall trade between the two countries. Mexico is the third-largest exporter of crude oil to the U.S.
Quartz - Mexico’s auto production has taken a big leap since Nafta. The country now accounts for roughly 20 percent of North American light vehicle production, according to a Federal Reserve Bank of Chicago report, compared with a 6 percent share in 1990.