20 Mexican projects are present at CES, the biggest tech show on Earth

20 Mexican projects are present at CES, the biggest tech show on Earth

Jan 14, 2018

For many technology entrepreneurs and startups, CES is where dreams are born. It’s the place where their concepts and products are showcased to the masses for the first time ever, all with the hope to make a dent in one of the most thriving industries at the moment. Over the past 12 years, that’s been the case for Manuel Gutiérrez Novelo, a 47-year-old Mexican entrepreneur and inventor who has been attending the show since the ’00s. Gutierrez has launched a number of products throughout the years at CES, including what he calls the world’s “first” virtual reality viewer connected to a computer in 2006.   But CES 2018 was slightly different for Gutiérrez-Novelo. This year, he took on the task of bringing 20 of Mexico’s best startups to the show, as part of a project created in cooperation with the country’s government dubbed Mexico 4.0. It all began at last year’s CES, where he came across a Mexican official at the event who was taken aback by the fact that Gutiérrez’ company, Angel Inventum, was the only one from Mexico with a presence at the show. That led officials to ask him how they could help more entrepreneurs from Mexico showcase their work at CES. The answer to that question was simple: They needed resources like money and, most importantly, a way to find the best talent in a country with almost 128 million people. Gutiérrez-Novelo said he worked with three government agencies, including INADEM (National Institute of Entrepreneurs of Mexico), which provides financial support to entrepreneurs and small-to-medium-sized businesses in the country. After months of conversations, what transpired was Mexico 4.0, a program designed to help inventors create companies, produce, market and export their technologies, as well as attract funding for them both in Mexico and internationally. Gutiérrez-Novelo said there were about 2,300 applications from startups and other “well-established” firms all across Mexico, but only 20 were selected to make the trip to Las Vegas for CES 2018. Click here for full article on Yahoo News Source: Yahoo...

Peña Nieto says he is ‘Optimistic’ about NAFTA deal

Peña Nieto says he is ‘Optimistic’ about NAFTA deal

Jan 12, 2018

(Reuters) – Mexican President Enrique Peña Nieto said on Thursday January 11, that he is optimistic that the United States, Mexico and Canada can successfully renegotiate the North American Free Trade Agreement (NAFTA) to the mutual benefit of the three countries. “I have said so before, I am optimistic about the possibility of getting a deal which benefits the three member states,” Pena Nieto said during a speech in Mexico City. The next round of talks on reworking the 24-year-old trade agreement is due to take place in Montreal later this month. Source:...

FORBES: It is time for Mexico to focus on Asia (and think less about the United States)

FORBES: It is time for Mexico to focus on Asia (and think less about the United States)

Jan 12, 2018

According to Forbes.com, the way the United States closes its economy and ceases to guarantee world peace, forces business leaders to turn to a region that has its own charm. 2018 starts under the sign of uncertainty. An uncertainty to which, in truth, we are already getting used to. In less than two years, an impressive number of events have suddenly changed the world order. It is clear that we are going through a period of transition, but where are we heading to? From the current chaos, the world system features two characteristics:   The first is that there is, at the moment, no superpower capable of taking charge of global security. Among the failures of Afghanistan, Iraq and Syria, and the mismanagement of the Korean question, the US fails to maintain its Pax Americana over the world.   The second characteristic is that the countries of the first world are affected by problems that until yesterday defined the developing countries. Between unrestrained populism, religious and ethnic tensions, and the impoverishment of the middle class, it is no longer the second world (the underdeveloped or emerging countries) that has approached the first world, but it is the first world that is approaching the second.   While the first world suffers, the developing countries continue their race towards economic growth (albeit at different speeds). These countries seem to have definitively renounced any ambition for democratic development. Transitions do not march towards democracy and therefore it would be better to define them as “hybrid regimes”, since they stably combine an imperfect democracy with authoritarian profiles. In addition, as it can be observed in China, liberal and democratic rights are not an essential condition for growth. The Chinese economy grows at a very high rate while maintaining an authoritarian political structure. 2018 will be a year of great opportunities, but also of great challenges as growth in Asia shapes unprecedented geopolitical scenarios. Entrepreneurs in Mexico must become aware of the change and look to the Far East. Source:...

Mexicali welcomes Furukawa Electric Group new facility

Mexicali welcomes Furukawa Electric Group new facility

Jan 10, 2018

MEXICALI, BC.- Furukawa Electric LatAm, with the guidance of Mexico manufacturing consultants IVEMSA, opened its new 6,000-square meter manufacturing facility in Mexicali last December. Furukawa LatAm, a Furukawa Electric Group company that produces products and equipment for indoor and outdoor network infrastructure solutions, worked closely with IVEMSA to select the facility and set up their business entity in Mexico. IVEMSA president Sergio Tagliapietra attended the new facility’s ribbon-cutting as an honored guest and joined mayor of Mexicali, Gustavo Sanchez, and Furukawa Electric executives at the presidium. Mayor Sanchez welcomed Furukawa Electric to Mexicali and thanked IVEMSA for their continuing efforts to bring more foreign businesses to Mexicali and Mexico. He also recognized IVEMSA’s long history of supporting foreign companies through shelter services and its benefits for Mexicali’s economic development. The new facility will have two operating units: one to produce fiber optic cables and cordages, and the other to connect and assemble optical equipment, cordages and accessories. Furukawa Electric expects to generate 150 direct and 30 indirect jobs through the new plant in just the first year. Furukawa selected IVEMSA to guide them throughout the project, a process that took about two years and included numerous visits to Mexicali. IVEMSA advised the company on site selection, helped them navigate the city and explained best-case scenarios for setting up in Mexico. IVEMSA also provided guidance on fiscal, trade compliance and environmental regulations. Roberto Durazo, Director of Business Development for IVEMSA said, “We are very proud to support the new Furukawa Electric operations with our hands-on management services. We are offering all our support for ongoing project management, recruiting, HR compliance, trade compliance, logistics coordination, accounting and finance services.” Founded in 1982, IVEMSA provides shelter and administrative services to foreign companies that want to move manufacturing operations to Mexico. Based in Mexicali and with six locations throughout Baja and Central Mexico, IVEMSA guides companies through the entire process of establishing and conducting operations in Mexico, including site selection, trade compliance, human resources, recruiting, accounting and environmental health and safety. For more information on IVEMSA, visit ivemsa.com. For more information on Furukawa Electric LatAm,...

Mexicali holds the record for the highest price for a kilo of tortilla in Mexican history

Mexicali holds the record for the highest price for a kilo of tortilla in Mexican history

Jan 4, 2018

According to information from the Federal Consumer Prosecutor (Procuraduría Federal del Consumidor: Profeco),  the price of tortilla in Mexicali ranges between 12 and 20 pesos per kilo depending on the zone. The subdelegate of Profeco in Mexicali, Rosa Isela Dávalos Méndez, said that the agency will conduct surveillance operations in different tortillerías and stores in town. “Right now, there is no justification for an increase that could fluctuate between 1.50 and 3 pesos in the price of the kilo of tortilla, said Dávalos Méndez.” “The notorious fluctation in the tortilla prices in Mexicali”, continued Dávalos Méndez, “varies based on the area of ​​the city, the type of trade and the making of the tortilla”. “Therefore, those businesses that can justify an increase in the tortilla price, based on these variables, will not be sanctioned. The regular prices go from 11 to 12 pesos per kilo, but we have reports of local tortillerías selling it at 20 or even 21 pesos, and this situation places Mexicali as the city with the record of the highest price for a kilo of tortilla in the history of Mexico” declared Rosa Isela Dávalos Méndez. Although the subdelegate pointed out that there is still the possibility of an increase in the price of the tortilla, mainly due to increases in the cost of gas, gasoline and the American currency, she insisted that it will be monitored and, if necessary, businesses that present an arbitrary increase in the price of the tortilla will be sanctioned. Source:...

Mexico’s New Year starts with gasoline price hikes

Mexico’s New Year starts with gasoline price hikes

Jan 3, 2018

The fuel price war in Mexico has started with the new year. At some gas stations, the Magna gasoline brand (regular unleaded) reached MXN$17 per liter, Premium gasoline brand (high octane unleaded) exceeded MXN$19 per liter, while in other gas stations the prices averaged MXN$16 and MXN$18 per liter, respectively. Notimex reported the price increase derives from decisions being taken by gasoline businessmen, encompassing transportation, storage, and distribution, who will be able to set prices based on the exchange rate and their operating costs. According to the Energy Regulatory Commission (CRE), users must monitor the prices of service stations near their homes, businesses or jobs to fill their fuel tank at the most affordable gas station. Through a statement, Mexican state oil company (Pemex) reported that the policy of gradual fuel pricing, which has been applied successfully for a year in the country, is being complied, adding that it rejects any speculative comments on alleged increases arisen from them. PEMEX explained that the formula that determines the prices of gasoline and diesel wholesale in Mexico includes mechanisms that reduce their volatility, so “there is no basis to estimate a sharp increase in these prices,” adding that the formula guarantees stability with daily adjustments, in accordance with the conditions of an open and competitive market, as it happens in the rest of the world. Source:...