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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 exports mainly raw materials to Asia

    Mexico City — Even if Mexico, Brazil, Chile and Argentina account for 80% of Latin America and the Caribbean’s trade with Asia, most of this exchange is raw materials, with little value added. According to a recent study published by the Inter-American Development Bank (IDB), 70% of products exported to Asia are iron, copper, soy, oil, sugar, paper pulp and poultry. The document named “Structuring the Future of the Relationship among Asia, Latin America and the Caribbean” points out that China, Korea, Japan and India account for 90% of Asia’s trade exchange with Latin America and the Caribbean. The IDB considers that trade exchange between Latin America and Asia will continue to gradually shift from raw materials to manufactured products, because basic products demand and shortage will be growing globally.
    Source: CNN Expansion | Date: 22/05/2012