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  • Pepsico invests US$56.6 millions in treatment plant
  • Chihuahua will manufacture an airplane by 2023
  • The first machines for Audi plant have arrived
  • Interjet reports the results of Mexico-Bogota route a year after it started operating
  • Altamira Port will receive investments for US$75.5 million in 2014
  • OMA will invest US$26.5 million in the new Acapulco terminal
  • Audi, BMW and Mercedes looking for suppliers in Mexico
  • Auto parts company starts operations in Parral
  • Cesar Duarte will travel to China to “secure” assembly plant
  • Guanajuato Inland Port grows with new tenants
  • A new Hyundai plant may be installed in Nuevo Leon
  • Aeromexico and Mexico City Government inaugurate the first "CDMX" airplane to promote tourism
  • Jalisco attracts German investment in the automotive and aerospace industries
  • Kostal Group will build a second plant
  • The Minister of the Economy inaugurated 2 new plants in Bafar Complex
  • Amistad Welcomes Mahle and TitanX
  • Zacatecas, with everything to have an Automotive Cluster
  • Collaboration Agreement entered by the SLP Government and the company BMW, S.A. de C.V.
  • The Mexican and German Ministers of Foreign Affairs inaugurated an industrial plant in Mexico
  • Nemak will invest US$200 million in two plants
  • 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