Trade & Investment

Trade & Investment

Paraguay and Mexico move on forming trade pact

MercoPress - Paraguay and Mexico have made significant advances in reaching a trade agreement in the framework of the Latinamerican Integration Association, ALADI, according to Paraguayan diplomatic sources.

Paris-based Eutelsat to buy Satelites Mexicanos

Economic Times - European satellite operator Eutelsat is to buy Latin American firm Satelites Mexicanos for $831 million in a move to scale up its presence in the region. The Paris-listed company said the total value of the company is $1.14 billion.

Turkey is "ready" for trade deal with Mexico

Anadolu Agency - Turkish Economy Minister Zafer Ça?layan has said Turkey is ready to sign a comprehensive free trade agreement with Mexico. Mexico’s exports to Turkey rose by 23.7 percent in the first five months of this year.

Hutchison to upgrade Ensenada port

Seatrade Global - Hutchison Port Holdings has announced it will invest $1.5 million to further develop the port of Ensenada and improve its logistics operations. The firm will install a hybrid RTG crane capable to move up to 20 containers per hour.

Carlos Slim gets new competition in Colombia

Financial Times - Get ready for some competition in Colombia Carlos Slim. Millicom International, a Luxembourg-based telecoms company, has announced plans to merge its Colombian operations with the fixed-line business of state-run Empresas Públicas de Medellín.

Alsea takes control of Starbucks in Chile, Argentina

Reuters - Mexico restaurant operator Alsea has reached an agreement with Starbucks to take full equity control of the coffee chain's stores in Argentine and Chile. Alsea will operate 66 stores in Argentina, and 44 in Chile along with the 382 in Mexico.

Mexico forecasts record direct foreign investment in 2013

International Business Times - Mexico’s Finance Secretariat expects the country to attract a record amount of foreign direct investment in 2013, and that in the first quarter of the year it had already attracted 40 percent of last year’s total sum.

Apple Group plans $600 million in tourism projects

IANS/EFE - US-based Apple Leisure Group plans to invest $600 million in six projects that will create more than 4,000 jobs in Mexico.
The funds will be used to construct and expand facilities in Jalisco, Baja California Sur and Quintana Roo states.

Aeropostale plans big expansion across Mexico

Zacks - Aeropostale Inc.plans to expand in Mexico. Starting this summer, the company will open Aeropostale shops within Liverpool department stores across Mexico. Aeropostale also will be opening its own stand-alone stores in Mexico.

Mexican truckers slow to join Nafta trucking

Truckinginfo - Nearly two years after the U.S. and Mexico agreed to resume a long-haul cross-border pilot trucking program, the amount of participation by Mexican operations continues increasing, but only slowly and far from what federal officials had hoped.

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