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  • The Tecma Group of Companies’ entities gain certification for Mexican VAT tax exemption
  • Alfa will invest US$700 million in Altamira electric plant in 2015
  • Eosol Energy will increase investments
  • Mexico manufactures 85% of pieces for the aerospace sector
  • Rassini grows capacity by 40% at their Puebla plant
  • Condumex plant inaugurated in Guanajuato
  • Aeronautics lab inaugurated in Queretaro
  • GM buys US$14 billion from suppliers established in Mexico
  • Astronaut Hernandez suggests more aerospace investment in Mexico
  • Building three hydroelectric plants, among CFE’s plans
  • Prologis in analyzing new investments
  • The Governor of Jalisco is going to Asia for more investments
  • Aerospace will open an MRO workshop in Chihuahua City
  • Exports increased by up to 300% in Queretaro Intercontinental Airport
  • DHL Express expands Hub in Queretaro with US$14.5 million
  • Automotive sector provides impulse to 3M
  • The Governor of Queretaro heads the Mexican Manufacturing Association Meeting
  • Queretaro opens to Chinese investment
  • Investment will grow in the electric sector
  • Oil companies from Houston want to establish in Monterrey
  • Mexico rejects negotiations with Argentina on automotive matters

    Mexico City.- Bruno Ferrari, Minister of the Economy, said that the Mexican government is not open to any negotiation with Argentina on the Economic Complementation Agreement No. 55 (ACE-55) on automotive matters; and if necessary it will go to the World Trade Organization (WTO) to denounce dumping practices. This was his reply to the declaration made by Debora Giorgi, Argentina’s Minister of Industry, who said they would ask Mexico to renegotiate, as Brazil did last February, under the excuse of those countries’ trade deficit in 2011. “We understand they may be worried, but Mexico’s position before Argentina’s concerns is quite different, because trade with Argentina is much smaller than with Brazil and we are considering, together with other countries, denouncing dumping practices before the WTO. Therefore, if they decide to go on with such proposal, we will be encouraged to act”, Ferrari said.
    Source: El Universal | Date: 23/03/2012