U.S. insists that salaries should be raised in Mexico

U.S. insists that salaries should be raised in Mexico

Sep 6, 2017

According to the LA Times, representatives of the United States, Mexico and Canada declared “progress” but unveiled no breakthroughs at the conclusion Tuesday of a second round of talks to revise the North American Free Trade Agreement Still unresolved are a number of controversial issues, including Washington’s desire for expanded use of U.S.-made materials in automobiles and other products and disagreements about the mechanisms for resolving trade disputes and whether steps should be taken to raise salaries for Mexican workers. The future of NAFTA has become a major irritant in U.S.-Mexico relations. President Trump has repeatedly assailed the deal as a job killer for the United States and threatened to pull out. The 23-year-old trade pact is being renegotiated at the insistence of Washington, which seeks to reduce its more than $60 billion annual trade deficit with Mexico. The talks are expected to last at least through the end of this year, with venues rotating among the three nations. The just-concluded five-day session in Mexico City followed an initial round last month in Washington. “We must have a trade agreement that benefits all Americans and not just some at the expense of others,” U.S. Trade Representative Robert Lighthizer said Tuesday at a news conference with Mexican and Canadian officials. “I am hopeful we can arrive at an agreement that helps American workers, farmers and ranchers, while also raising the living standards of workers in Mexico and Canada.” Mexico’s comparatively low wages are a major draw for U.S. and other international corporations. Efforts by labor activists and others to seek higher wages for Mexican workers as part of a retooled NAFTA have drawn opposition from business. Provisions to increase wages in Mexico — which Lighthizer said the Trump administration favors — would theoretically give U.S. firms less incentive to relocate manufacturing facilities south of the border. Initial talks have focused on issues on which there is broad agreement, said Ildefonso Guajardo, Mexico’s economic secretary and the country’s chief NAFTA negotiator. NAFTA took effect in 1994, phasing out tariffs and other trade restrictions among the three nations and creating one of the world’s largest free-trade zones. The pact governs much of the more than $1 trillion in annual commerce...

“Employment and Credit Fair 2017” in San Felipe

“Employment and Credit Fair 2017” in San Felipe

Sep 5, 2017

Mexicali B.C. September 4, 2017.- The 22 City of Mexicali through the Economic Development Coordination in alliance with other programs and institutions that offer credits and supports in the municipality, made an open invitation to the first “Employment and Credit Fair 2017” today Tuesday, September 5 in the Port of San Felipe. Economic Development Coordinator Jose Luis González reported that this fair is held at the Center for Integral Human Development of the Port, from 9 in the morning to 3 in the afternoon so I invite the entire community of San Felipe to be close. He mentioned that 15 credit institutions are present giving supports for small producers, entrepreneurs and productive companies, as well as financing support in the range of 10 thousand to 3 million pesos, with interest rates from 6% to 12%. The municipal official said that 21% of the companies in the municipality are located in the Valley and San Felipe, 77% of then belong to the commerce and services sector and 92% are micro-enterprises with no more than 10 employees. So, through this fair, the government seeks to improve services as well as businesses in the locality to make them more competitive. Finally, he explained that this Fair will be held on September 6 in the Morelos Interejidal Room and on September 7 at the Center for Integral Human Development of the Guadalupe Victoria Delegation with the same participating companies. Source: Ayuntamiento de...

Mexico among the world’s most important economies: Forbes

Mexico among the world’s most important economies: Forbes

Aug 31, 2017

Mexico would consistently be among the select group of major nations in size of economy, territory and consumption, writes Alejandro Legorreta… There are several ways to measure our relevance as a country worldwide, and in almost any area we are a “heavyweight”. Culture, tourism, biodiversity, economy and many other variables allow us to be a country where, if we take our enormous challenges seriously, we can make a big leap forward, towards the progress that many of us are imagining and working on. If we divide all the countries of the world in percentage, Mexico would consistently be among the select group of 5 and 10% of most important nations in size of economy, territory, consumption and population. By 2030, our population will be larger than that of Russia and our GDP per capita is greater than that of Brazil, China or India. Together with India, Mexico is one of the emerging countries with the highest estimated growth in its workforce and middle class for the following decades. Perhaps this large domestic market and its dynamism is an important factor to explain the interest of so many companies to enter Mexico and to be able to participate in our market. For example, a button: A few weeks ago, Amazon launched its “Amazon Prime Day” in Mexico, making us one of the 13 countries in the world (the only emerging one, along with India) where Amazon has a local service. This fact makes clear that our buying power is growing. In addition, Mexico is an attractive destination for producing goods: we have the 12th place as exporters, and the second emerging after China, and we export $374 billion USD, the equivalent of Brazil and Australia together. Mexico is globalized and, within the global value chain, is the country with the most trade agreements in the world, and the nineteenth largest recipient of foreign direct investment, with recent success stories, such as the seven rounds of energy reform, in which was committed nearly $50 billion in a difficult context, with low oil prices and low investment in the sector, a clear sign of investor confidence. In geography, we are also privileged, thanks to the border with...

First “Credit and Economic Supports Fair 2017” promoted by Mexicali City Hall

First “Credit and Economic Supports Fair 2017” promoted by Mexicali City Hall

Aug 25, 2017

Mexicali BC August 24, 2017.- With the purpose of promoting productive activities of microentrepreneurs and entrepreneurs of the Mexicali Valley and the Port of San Felipe, a press conference was held to present the First “Credit and Economic Supports Fair 2017 “organized by the 22nd Municipality of Mexicali through the Economic Development Coordination to be held on  September 5, 6 and 7. The Mayor of Mexicali, Gustavo Sánchez Vásquez, reported that this Fair seeks to encourage entrepreneurs and support small businesses through access to credits and training plans, as well as a series of instruments through which they can start-up a business or support small businesses that are already running. He emphasized that the particularity of this fair is that it is aimed at the inhabitants of the Mexicali Valley and the Port of San Felipe, in order to grant the citizens the possibility of access to economic supports and credits with very low interest rates. Sánchez Vásquez indicated that this Fair will be held on Tuesday, September 5 at the Community Development Center of San Felipe, the next will be held on September 6 in the Morales Civic Hall and the last will be held on September 7 in The Center for Integral Human Development of the Guadalupe Victoria Delegation, from 9 in the morning until 3 in the afternoon. Economic Development Coordinator Jose Luis Gonzalez Canales said that just over 21% of the companies in the city are located in the Mexicali Valley, which is why the fair was designed in coordination with 11 credit institutions and supporters for small producers , entrepreneurs and productive companies that will be assisting the applicants, offering loans from 10 thousand to 3 and a half million pesos, with interest rates between 6% and 11%. He also mentioned that talks, conferences and consulting work will be carried out too, for each of the participating institutions. An average of 300 people is expected in each of the venues. The participating institutions and government agencies are: the Ministry of Economic Development of the State (SEDECO), the Secretary of Social Development, the Secretariat of Agricultural Development, the Secretary of Labor, the Secretary of Tourism, National Development Finance, the Secretariat of Federal...

North American Free Trade Agreement renegotiation is off to a rocky start: NYT

North American Free Trade Agreement renegotiation is off to a rocky start: NYT

Aug 16, 2017

WASHINGTON — According to New York Times, the renegotiation of the North American Free Trade Agreement is off to a rocky start. The Trump administration lectured Canada and Mexico on the failures of the current agreement at an opening news conference Wednesday morning, while behind closed doors negotiators began to seek significant concessions from America’s neighbors. “We feel that Nafta has fundamentally failed many, many Americans and needs major improvement,” said Robert Lighthizer, the United States trade representative, who is leading the United States team aiming to overhaul the 25-year-old agreement. The Canadian and Mexican representatives were publicly pleasant, emphasizing their commitment to regional trade and the benefits resulting from a regional alliance. But both nations also say the current agreement is not tilted against the United States. The talks that began Wednesday are the first of several scheduled rounds between now and the end of the year, when the three nations hope to conclude a deal. It is a very fast timetable in the world of international negotiations, reflecting political imperatives in all three nations more than the practical realities of an immensely complex negotiation. Both Mexico and the United States have national elections scheduled next year. The overarching issue is the importance of trade deficits. Americans buy more goods and services from Mexico than Mexicans buy from the United States. Last year, the difference was $55.6 billion. The Trump administration regards this number as an indictment of the current trade deal — evidence that Mexico is taking advantage of the United States. Click here for full article...

Mexican economy minister says migration, security at stake in NAFTA talks: report

Mexican economy minister says migration, security at stake in NAFTA talks: report

Aug 13, 2017

MEXICO CITY (Reuters) – Mexico could pull back on cooperation in migration and security matters if the United States walks away from talks to renegotiate the North American Free Trade Agreement, the Mexican economy minister said in a newspaper report published on Thursday. Ildefonso Guajardo, who will take part in the first round of NAFTA talks with U.S. and Canadian officials in Washington on Wednesday, told the Reforma daily that new tariffs on Mexican exports to the United States were unacceptable. “If they do not treat [us] well commercially, they should not expect us to treat them well by containing the migration that comes from other regions of the world and crosses Mexico,” Guajardo said. “Or they should not expect to be treated well in collaboration with security issues in the region.” Guajardo also said if U.S. President Donald Trump moves to impose tariffs of 35 percent on any Mexican exports, Mexico could respond with “mirror” actions, such as putting an equal tariff on U.S. yellow corn. In an interview with Reuters this week, Guajardo said he saw a 60 percent probability that the talks would be wrapped up by a soft deadline for year-end....