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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
  • US trade with Mexico grows more than with Canada

    Mexico City – For at least 5 months now, the value of trade by land between the United States and Mexico has grown faster than trade with Canada, according to statistical reports from the United States Department of Transportation (DOT). While the value of goods exchanged by the United States with Canada grew 13.7% in February 2012, the sum of everything that crossed the border from or into Mexico increased its value by 23%. In spite of this acceleration, US trade relation with Canada remains bigger than with Mexico. The amount of trades with Canada added to US$45.440 billion, while with Mexico it was only US$32.696 billion; this means that USA trade by trucks, trains and ducts is 1.39 times more with Canada than with Mexico. Both US neighbors keep an advantage in their trade balances with the USA, but Mexico’s is already greater. The difference between what Mexico exports and imports is US$3.801 billion; Canada has a trade surplus of US$2.461 billion with the USA.
    Source: Reforma | Date: 10/05/2012