It has been announced that a tax of 25% to 30% will be applied to imports of footwear, as part of the suspension of tariff reduction implemented by the previous government.
In addition to the tariff, shoes "... may only be imported through nine customs offices, instead of the previous 33: Lazaro Cardenas, Manzanillo, Mexico, Guadalajara, Veracruz, Tijuana, Mexico City International Airport, Ciudad Hidalgo and Nuevo Laredo. "
The agreement between the governments of Guatemala and Mexico establishes the granting of temporary work permits for Guatemalans in the states of Chiapas, Tabasco, Campeche and Quintana Roo.
From a statement issued by the Government of Guatemala:
An announcement has been made that an agreement will be signed between the two governments to build ten border crossings using funding from the Inter-American Development Bank.
From a press release issued by the Government of Guatemala:
Forty-five companies from both countries are already part of the new chamber which will focus on promoting bilateral trade.
Víctor Hugo Morales, Mexico's ambassador in Tegucigalpa, announced the creation of the Honduran - Mexican Chamber of Commerce. A total of 45 companies from both countries are already part of the new union which was set up in Tegucigalpa and will focus on solving the problems facing Honduran exporters in getting their merchandise into Mexico.
Colombia, Peru, Chile and Mexico approved the inclusion of Costa Rica to the Partnership Framework Agreement, the first step towards total integration into the block.
From a press release issued by the Presidency of Costa Rica:
The group of countries that Costa Rica, Panama and others in the region want to join, will next week sign in the immediate elimination of tariffs on 92% of trade goods.
The protocol on tax relief for 92% of goods traded between the countries of the Pacific Alliance will be signed next week at a summit to be held at Cartagena de Indias, confirmed the Colombian president, Juan Manuel Santos.
The term of the decree allowing the border areas of Mexico to import goods at a significantly lower charge than in the rest of the country has been extended for three years.
According to the Mexican Finance Minister, Luis Videgaray, the decree was scheduled to end on Decemnber31 December, however, the term has been extended for another three years.
Building a modern highway from Colombia to Mexico would provide a big boost to the economic integration of the isthmus.
Unlike the hitherto unproven economic viability of various other inter-oceanic canal projects (wet and dry) announced in virtually every country of the region, a "dry canal", which would improve the current transit conditions of goods and people from Mexico to Colombia, does appear to be the best investment in infrastructure for the isthmus.
A joint exploitation of oil in subsoil at the border, which would increase production in Guatemala by up to five times, is currently being analyzed.
According to Erick Archila, Minister of Energy and Mines (MEM), at the moment they are working on a bilateral agreement to exploit oil fields at the border. "This is a project which emerged from the last bilateral meeting between the Presidents of Guatemala and Mexico, a route has been estimated which is a similar to that of the authorities neighboring U.S. border areas," he added.
Central American Business Chambers call for stopping unfair trade in both directions between the two countries.
"We must, as soon as possible, stop the illegal movement of goods from Guatemala to the southern border of Chiapas, in order to be able to aspire to making progress on all our objectives in this new era of trade between Mexico and Central America," said Jose Mejia, president of the Central American Binational Union of Chambers of Commerce, Industry and Investment.
The Mexican businessman is studying possible investments in exploration and exploitation of oil and natural gas, and the construction of a rail line between Mexico and Guatemala.
From a press release from the Presidency of Guatemala:
The Mexican President Enrique Pena Nieto said that approving the trade agreement between the two countries will increase bilateral trade volume.
"We hope that very soon the Congress of Guatemala will ratify it, as this will trigger trade relations to continue to grow more and more," said Peña Nieto, who during his speech at the Guatemala Investment Summit, said that in the last 12 years bilateral trade has quadrupled. "It is a relationship in the range of $2.5 billion," he said.
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