Thursday, June 30, 2011

Financial Times Profiles Mexico's Expanding Presence in the Aerospace Sector

Mexico is showing its strength in the aerospace sector and the Financial Times follows the reasons behind it and why Mexico is here to stay.


"Simply put, Mexico is becoming more competitive,” says Bruno Ferrari, the country’s economy minister.One reason for manufacturing’s survival is that it has climbed the value chain, swapping the basic textile and shoe manufacturing operations of yesteryear for high-tech plants that produce chips for use in mobile telephones, radio and transmission equipment, as well as flatscreen television sets.
...
The latest technical sector to spring up in Mexico is probably aerospace. From virtually nothing a decade ago, there are now 238 aerospace companies operating in the country, with exports of roughly $3.5bn a year. Annual average growth has been 20 per cent a year since 2002."

New Director of Golf Operations for the Paraiso del Mar Golf Club in La Paz, Mexico

The Paraiso del Mar Golf Club in La Paz, Mexico currently holds the spot as the "4th Best International Golf Course", so the newly appointed director of golf operations has his work cut out for him.

Robert Gaudet's duties will include supervising the development of the Paraiso del Mar Golf Club and the Resort's course as well as the programs offered. He has more than 20 years of professional experience under his belt, including handled acquisition, master planning and development for prestigious golf clubs such as the Querencia Golf Club and the Diamante Golf Club.

Photo credit: paradiseofthesea.com
"The links-style, Arthur Hills-designed course is the centerpiece of the resort with spectacular views of the mountains and the sea. The par-72 course offers accessible golfing to guests of all abilities. The course culminates in the popular 19th Hole Restaurant - open to the public every day from 7a.m. to 7p.m."

Traveling to Mexico in July? Check Out These Events/Festivals

*July is the wettest month of the year in Mexico for most of the country so keep that umbrella and raincoat handy. Another thing to keep in mind is that school holiday time falls in July so there may be more people out than you expect for sightseeing.

About.com compiled a quick guide to July festivals and events happening in Mexico:
  • Festival Internacional de Ciclismo de Montaña - International Mountain Biking Festival
    • Creel, Chihuahua, July 9 and 10
  • Festival Internacional de Titeres - International Puppet Festival
    • Monterrey, Nuevo Leon, July 10 to 14
  • Festival Internacional de Guitarra - International Guitar Festival
    • Taxco, Guerrero, July 10 to 15
  • Jornadas Villistas 
    • Chihuahua, July 14 to 24
  • Nuestra Señora del Carmen - Feast Day of Our Lady of Mount Carmel
    • Celebrated in various locations, July 16
  • Whale Shark Festival
    • Isla Mujeres, July 16 to 18
  • Short Expression Film Festival - Expresion en Corto
    • San Miguel de Allende and Guanajuato, Guanajuato, July 22 to 31
  • Guelaguetza
    • Oaxaca, Oaxaca, July 25 to August 1
  • Festival Internacional de Folclor - International Folklore Festival
    • Zacatecas, July 26 to August 2
  • Bisbee's East Cape Offshore Tournament
    • Buenavista, Baja California Sur, July 26 to 30
  • International Chamber Music Festival
    • San Miguel de Allende, Guanajuato, July 30 to August 15

Source: Jon Hanson, Flickr Creative Commons 
The whale shark festival is an amazing opportunity to see whale sharks up close (the world's largest fish in the world and an endangered species to boot.)

Make sure you're not missing out on events that could be near your travels - click on the link for event/festival descriptions and website links for further details.

Has anyone been to can't miss July events/festivals in Mexico?

New Tourism Campaign to Highlight Mayan Culture in Yucatan

From Fox News Latino -- The governor of Yucatan, a southeastern state in Mexico, released a statement on a program that will be implemented to promote the Mayan Culture. The initiative by the name "Mundo Maya 2012" aims to promote tourism in the Yucatan state as well as neighboring states of Tabasco, Campeche, Chiapas and Quintana Roo. It's expected that promotional efforts will bring in an additional two million tourists. The program will run from July 21, the week that starts off the Mayan year, until December 21, 2012. Yucatan is already home to 2,000 archaeological sites - now is an opportune time to visit the area if you are already traveling here for a business trip. This program is a wonderful opportunity to learn more about the Mayan culture.Click the link to read more about museums that are part of the initiative as well as the governor's thoughts on the Mayan campaign.

Source: travelyucatan.com

More Backers Urge World to Give Mexico's Economy a Second Look

As feautured before, there are those who believe that mexico should not be overlooked as an economy. A Council on Foreign Relations Scholar recently wrote a piece recommending that the US take a closer look at Mexico. Factors taken into consideration look at Mexico holding a larger export and manufacturing-led economy versus Brazil and Mexico's high rank in the Word Bank's Doing Business index.

Video: American Business Executive Has Only Good Things to Say About Experience in Mexico

This video from Mexico Today features a 20 second look at an American business executive and his positive experience in Mexico.

Wednesday, June 29, 2011

Looking For the Right Business Tablet?

The iPad has pioneered the way for business tablets. And competitors have made it possible for there to be more than 80 new tablet options to choose from following the Consumer Electronics Show this past January. This article highlights tablets that you'll have a hard time choosing between. I'm a keyboard kind of guy so the Lenovo IdeaPad U1/LePad looks like my number one choice, but there's always a little digging before deciding what to ultimately get for your business travels. The Executive Travel article brings up questions users should think about before purchasing such as "What's your OS preference" or "What's the minimum screen size you require?" Check out the full details and slideshow from Executive Travel here.


Know Your Airline Rights

I stumbled upon this article written by a veteran traveler, Jeremy Branham, pointing out 5 common airline practices you should be aware of. Ever been told your flight's been delayed because of weather and there's not a cloud in the sky? Sometimes airlines will say the delay is due to the weather, because they don't owe passengers any compensation if the delay is out of their control. Click on the link to learn about other airline practices you should be aware of when booking airline travel or are if you're already in transit.

Why Canadians Are Doing Business in Mexico

Youtube video displaying a PowerPoint from Cruz Herrara titled "Mexico-Where Business Makes Sense for Canadian Companies."

I'm not Canadian, but it was well worth a peek for the general overview of the business climate in Mexico.

Expect a Bustling Mexico City This Summer

More than 18 million domestic and foreign visitors are expected to come to Mexico City this summer. If you're traveling to Mexico City, let's hope you've already booked your hotels ahead of time, and if not - better do it right now! The last thing you want to do is travel between your meetings to hotels on the outer edges of Mexico City.

Forgot your iPod or Book When Traveling to Mexico City? Don't Worry.

An article featured by Mexico Today, discusses how Mexico City is bringing technology to the forefront via new digital media kiosks. The kiosks will act as a way to battle pirated music  by encouraging many people in the city to download e-books, music, movies, etc. "The commencement of these new media kiosks will attract Mexico City citizens and encourage them to purchase licensed media instead of pirated media. Of course, Mexico City users will first need a prepaid card to access materials and a device such as a flash drive, cell-phone, hard drive, etc. to store their newly downloaded music, videos, etc." So don't worry if you forgot your novel or ipod, as long as you have a flash drive - media is available for you during your business travel in Mexico City.

Sidewalk Cafes May Be Coming to Downtown Mexico City

The Mexico City Council is holding a meeting on July 11 to discuss amending existing ordinances to allow the downtown area to have sidewalk cafes. I've always been a huge fan of outdoor cafes, it's a good way to enjoy the scenery and people watch in a new area. Stay tuned business travelers to Mexico City!

Photo credit: jerseycityindependent

Tuesday, June 28, 2011

Useful Spanish for Shopping in Mexico

Traveling on a business trip to Mexico and looking to buy some souvenirs for your significant other, friends, family, and others? Now's a good time to learn a few spanish words to help with your shopping experience.

Photo credit: inpuntademita.com

More Investment to Mexico from Spanish Banking Giants

Banco Bilbao Vizcaya Argentaria, the Spanish banking giant, plans to invest about $2 billion over the next three years in its Mexican counterpart BBVA Bancomer. This move is a key step in BBVA indicating its confidence in Mexico's future. CEO Francisco Gonzalez said that the money will be put forth for branch expansion, additions of ATMs and payment terminals, and to promote mobile banking. Another vote of confidence in Mexico's future is indicated by BBV's move to complete their corporate offices in Mexico City.

Photo credit: Latin American Herald Tribune

Mexico is Safe for Traveling and Trade

Contrary to all the national reports of drugs and violence in Mexico, most of the cities in Mexico are completely out of the violence realm. Jorge Goytortúa, Aeromexico’s newly appointed senior VP of global sales, echos this sentiment, “The reality is that some cities are totally out of that [violence] problem.”

The takeaway is that businesses and tourism hotspots are safe in Mexico while the economy is still going strong. Click the link for more on the safety situation in Mexico.

Video: More of Mexico's Brands Becoming Global Brands

From Mexico Today, a one minute video featuring an executive mentioning the relatively unknown emergence of Mexico brands globally.


Graph: Mexico's Economy Closely Linked with the US

Looking to Learn More About Aerospace in Mexico?

If you are looking to learn more about the Aerospace Manufacturing business in Mexico, this webinar might offer more information.

Monday, June 27, 2011

Conde Nast Readers Rate Mazatlan Spa Among Top 10 Spas

Looking for some R&R in Mazatlan or extending your business trip in Mexico? Conde Nast readers voted the Pueblo Bonito Emerald Bay in the coveted top ten spas spot in their Mexico and Central America category. For the Conde Nast annual survey, readers voted on top quality based on treatments, staff, and facilities of the spa.

Spa Break for Tired Business Travelers 

Virgin Atlantic Adds New Flight to Mexico

Starting June 2012, Virgin Atlantic will be flying British travelers to Cancun, Mexico out of Gatwick airport. The direct flights are scheduled for twice weekly and will offer economy, premium economy and first class seating. Virgin Atlantic will be rolling out a brochure focused on Mexico to compliment the new Gatwick-Cancun route. Also look for a wide range of hotels in Cancun and other areas in Mexico to be featured.

Virgin Atlantic expanding its list of Mexico routes

Mexico City Travels: Carlos Slim's New Museum

Mexico's billionaire Carlos Slim Helu, opened the Museo Soumaya museum in Mexico City's Polanco neighborhood this past March. For business travelers in Mexico City with free time, stop in at the museum (admission is free) to take in classical European artist's work as well as modern Mexican pieces and the rumored "largest collection of pre-Hispanic and colonial-era coins."

Stop at the Museo Soumaya museum for a business break

What Makes a "Go-Getter" in Business and Tips to Becoming One

This article is an inspiration for those looking to succeed. Blogger Davy Kestens is a founder of several businesses and websites while studying as a college student. What an inspiration to see someone actively living out his business advice.

Here are some sample quotes from his blog entry "The Go-Getter is the person who acts now, not tomorrow, and thinks in short-terms," and "The best time to plant a tree is twenty years ago. The second best time is now."

His entry details several ways to change your business outlook and achieve your goals, check it out for more ways to execute your business steps and how to live in the NOW.

Mexico City: New and Improved Business Conditions

From the Financial Times, meet the new and improved Mexico City. The city has gradually changed over the years to become one of the best places to live in Mexico, thanks to "a string of liberal social reforms – gay marriage, legal abortions and vastly simplified divorces, among other things – introduced by Marcelo Ebrard, the leftwing mayor."

Gino Pecorelli remembers a very different city back in 2002 when he used to close his restaurant in the Luis Cabrera square of the Roma district immediately after lunch to avoid any problems. Now business is booming, with people arriving early to the eateries to ensure a seat at one of the street-lined cafes with tables outside.

The revival of many parts of the city showcase it as a place to flock to for business travelers and tourists. Reforma Avenue serves as an example of the booming city with its modern high-rise office buildings and hotels, one competing with the other over luxurious digs.

The Mexico City initiative by the name of "Safe City" has improved police response times from arrival at scenes from 12 minutes to around five.

Air quality has met internationally accepted standards on "almost all primary contaminants for the first time in years." A new $500 million metro project will help boost the commitment to clean air as well.

For business travelers, look to Mexico City for your next travel destination.

New Backing for Mexico's Agustin Carstens as Head of IMF

Canada and Australia have just backed Agustin Carstens over Christine Lagarde for Managing Director of the IMF, citing that Carstens holds more relevant experience. This action suggests that these 3 countries are not taking a backseat to the other nations. Mexico, Canada, and Australia combined represent close to 12 percent of the IMF’s voting shares. Read more about Agustin Cartsens's chances here.

Mexico's Chance at the IMF

Friday, June 24, 2011

Tool: Deciding a Place in Mexico for Business Meetings

Are you looking for a place to hold a meeting in Mexico? This tool from the Mexico Meetings Network simplifies your decision making process and allows you to filter destinations by selecting options essential to your meeting destination: event type, number of people attending, number of hotel rooms required, destination type (colonial city, beach resort, etc), and destination activities and characteristics (adventure sports, birdwatching, golf, hunting, sporting events, wineries, etc.).

Mexico Meetings Network

Best Country to Do Business in Latin America? Mexico.

In the World Bank's "Doing Business index", Mexico ranks 35th out of 183 countries overall (the highest in Latin America) in providing an environment that is more conducive to businessmen and businesswomen looking to start and operate a local business.

Click the link above to see how Mexico ranks in specific criteria of:

  • Ease of Doing Business Rank
  • Starting a Business
  • Dealing with Construction Permits
  • Registering Property
  • Getting Credit
  • Protecting Investors
  • Paying Taxes
  • Trading Across Borders
  • Enforcing Contracts
  • Closing a Business

Video: Top CEOs on Why to Invest in Mexico

At the "México es Oportunidad" forum, the following video compiled speeches from leading companies speaking about investing in Mexico: General Motors, Volkswagen, Praxair, Lenovo, Safran, Ford, Grupo Embotelladoras Unidas, Chrysler, ITP, Cessna, Becton Dickinson, Nestlé, Hershey´s, Kyocera, The Home Depot, Costco etc.

Mexico Ranks #1 in Manufacturing Cost Ranking for Low Cost Countries

Based on a study focusing on U.S. manufacturing-outsourcing costs, ProMexico created a chart showcasing Mexico as #1 in the category for Manufacturing Cost Ranking for Low Cost Countries. Mexico "offers significant savings on labor costs when compared to other investment options in the Americas, Europe, and Asia."

Top Mexico States for Foreign Investment

ProMexico offers tips in investing in Mexico. Check out their breakdown of top Mexican states for FDI and the top industries in Mexico invested in.

Top 10 Mexican states in terms of FDI from 2000 to 2010

In 2010, More Companies Transferred Production to Mexico

For businesses thinking of relocating, many businesses relocated to Mexico last year.


"In 2010 some foreign companies transferred production from other countries to Mexico, where they find advantages for their maquiladora processes, such as wages, but also high quality in both labor and management staff. 
For example, the Swedish Electrolux increased production of refrigerators, washing machines and dryers in their facilities at Ciudad Juarez, instead of doing so in the USA."

Thursday, June 23, 2011

“Made in Mexico” Poised to Overtake "Made in China"

Financial Times has a good article comparing China's export sector to Mexico's. It challenges the assumed view that the large amount of Chinese labor available and higher production capacity is too much of a match for Mexico.Read more on the Financial Time's outlook here.

Review These Body Language Tips Before Heading to a Business Meeting

From Focus.com, "The Manager's Cheat Sheet: 101 Common-Sense Rules for Leaders", is a great way to review your body language before heading to that business meeting in Mexico:
1. Stand tall. Keeping your shoulders back and holding yourself up to your full height will give you an air of confidence.
2. Take your hands out of your pockets. Putting your hands in your pockets is often seen as a sign that you have something to hide.
3. Stand with your arms crossed behind your back. This will help you adjust your posture, and it leaves your hands in a position that is open and not intimidating.
4. Make eye contact. Always look directly into the eyes of the people you are speaking with. This shows you're interested and also gives you a sense of confidence.
5. Sit up straight. Even if you're at an 8 a.m. meeting and feeling tired, it's important to sit up straight in your chair. Slouching makes you look disinterested and can give off an unwanted air of laziness.
6. Face the person you're talking to. This shows you are interested and engaged in the conversation.
7. Shake hands firmly. For many, a handshake is a reflection of the person you're shaking hands with. You don't want to come across as unsure or overbearing, so make sure yours is professional and confident.
8. Always smile. Smiles are contagious and will make others feel positive when you're around.
9. Look your best. You don't have to be model perfect every day, but you should dress appropriately and neatly. Clothes can have a big impact on the way you're perceived.
10. Walk confidently. Keep your head up and take even strides.

$100 Million Poured into New Hotels in Mexico

Iberostar Hotels & Resorts already holds seven properties in Mexico and is expanding its list of properties by acquiring the Hilton Cancun Hotel. Currently, the Hilton Cancun Hotel has been the go to place for both business meetings and leisure tourism. The Hilton will continue operating the hotel until it closes this August and will re-open on December 1st as Iberostar Cancun.

The new Iberostar Cancun is a beachfront hotel that will boast "426 fully-equiped rooms and villas perfect for groups and meetings. The hotel complex has a 48,975 square foot Convention Center, a versatile space divisible into 22 meeting halls. The hotel also provides 107,639 square feet of outdoor event space.An excellent option for meetings and leisure, the hotel complex has 7 infinity pools, surrounding gardens, a professional football field, two tennis courts, a luxurious spa, gym and beauty salon."

The hotel welcomes the addition of 4 new restaurants (Japanese, Steak House and Mexican restaurants) as well as a buffet.

Your New Business Hotel Digs in Cancun

Video: Why Canadians Should Do Business in Mexico

Poliforum Leon for Hosting Conferences in Leon, Mexico

For those planning a meeting in central Mexico, Leon (Mexico’s fifth largest city) is linked to major cities and airports (closest one is International Airport of Guanajuato just 20 miles away) and is home to one of Mexico's top ten convention centers. The Poliforum Leon is a modern space of:
"137,795 square feet of event space, can hold up to 12,000 people, and is designed for events of all types and sizes from banquets and concerts to conventions and expos. Conveniently, the Poliforum will soon have an attached Courtyard by Marriott hotel.

The Poliforum Leon has hosted a number of international and national events, including the World Youth Conference 2010, the ISO/TC 207’s 17th Plenary Meetings 2010, and the International Tomato Congress. Leon’s largest convention center is conveniently located near a number of hotels, including the 5 star Holiday Inn Convention Center with 177 rooms and 3 meeting spaces that hold 250 people."
It's great for business conferences and meetings if you are thinking of traveling to that central area of Mexico. There are direct flights between six US cities (Dallas, Chicago and Los Angeles among them) and Leon, Mexico.

Leon Business Venue - The Poliforum Leon

Quick Guide to Leon, Mexico

Traveling to Leon, Mexico on business or just passing through the area? Here's a quick intro to the city of Leon and what a traveler can expect to find in the area as well as monthly weather, average hotel rates, taxi fare, and car rental among other things.

Wednesday, June 22, 2011

Video: Don't You Wish You Were on This Flight?

From the consumerist.com, a video on a pillow fight breaks out on airplane. Would you want to be on this flight?

Tool for Choosing the Best Seat on Your Flight

Seat Guru, how have I not known about you earlier? Seat Guru, by TripAdvisor, allows business travelers (and all other travelers) to look up the seat mapping on a specific flight. This map denotes which numbered seats are good seats, seats with some drawbacks, poor seats, standard seats, and blocked seats. It's a wonderful tool to make the best out of your flight experience. The map also indicates crew seat, power port, emergency exit, overhead TV, galley, lavatory, and closet.

Riviera Nayarit, Mexico: Celebrity Vacation Spas

From Mexico Today, National Geographic Traveler "highlights the development of four Riviera Nayarit, Mexico hotels in its most recent May 2011 issue, including the Four Seasons Punta Mita, Marival Residences, the Grand Velas Riviera Nayarit and the St. Regis Punta Mita." For those who are traveling to the Riviera Nayarit area on business, these hotels each have a spa that rivals the next and attracts star clientele from Kate Hudson to Kim and Kourtney Kardashian.

Each of the saps at these four hotels offer experiences that stand out among other spas on Mexico's Pacific coast. The Miraval Residences Spa offers a service in which a client can experience a physical and spiritual transformation via ancient Mexican, Italian, Russian, Indian, Thai, Japanese or Turkish techniques.

Click the link to learn more about the different spa treatments offered at the grand hotels.


Picture credit: marivalresidencesdevelopment.com

Mexico Vacation Spots Far From Violence

CNN recently interviewed one of Mexico's top tourism officials about the safety of visiting Mexico. Mexico Tourism Board's Chief Operating Officer Rodolfo Lopez Negrete was in the US to encourage travelers to visit Mexican destinations. Click the link to read more about Mexico's "untold story" and statistics on number of travelers making their way safely through Mexico.

"CNN: But Mr. Lopez, the main problem in Acapulco is not necessarily infrastructure, but the violence. What are the Mexican government and the Tourism Board doing to solve this problem?
Lopez: Mexico is a very large country. When you take into account the distance between Ciudad Juarez [the most violent city in Mexico] and Cancun, you're talking about 1,400 miles of distance. Puerto Vallarta is 1,000 miles away and Los Cabos about 1,600 miles away. That is equivalent to the distance between New York and Houston or New York and Dallas."

Picture credit: CNN

Meeting Planning in Mexico

The Mexico Meetings Network is a great resource in planning your next business meeting in Mexico. Planners can search from 100,000+ venues in Mexico, see specials, read meeting news, and featured places to hold events.

Getting Into Real Estate Investment in Mexico

Take a look at this article written by David Lynn, an employee at a real estate investment firm, to learn about the opportunity for real estate investment in Mexico.

Tuesday, June 21, 2011

What to Tip When Traveling to Mexico?

From mint.com, take a look at what you can be expected to tip when traveling to Mexico. It's always good to err on the side of caution & check out the map for tips on tipping in other countries. Helpful stuff for traveling.

Rick Steves Offers His Take on Traveling to Mexico City

Travel author and television personality Rick Steves visited Mexico City for the New Year. This is his take on traveling through Mexico City and the safety concern, "Contrary to what I was led to expect, everything seemed mellow and in control...My take: I'd fly over the border towns and enjoy the wonderful energy of Mexico City."

Mexico Retail Industry Sees Rise from March to April

Mexico is seeing its sales up 4.9% from last year. The change can be attributed to stronger consumer demand strengthened by exports to the United States. HSBC economist, Lorena Dominguez, predicts that the consumption rate will continue to recover slowly. The Mexico retail industry is led by giants Wal-mart de Mexico and Soriana, a Mexico grocery and department store retail chain. The outlook on the Mexican economy is pointing towards further growth, (more than 4.5 percent this year) due to industrial output as factories continue to produce goods for the U.S. market.

source: retailchile.blogspot.com

Fellow Business Traveler Does NOT Agree with Warnings Against Visiting Mexico

Business traveler Peter Greenberg from BNET.com writes about his disagreement on warnings against traveling to Mexico. He cites the use of misleading statistics and lack of knowledge about geography as two reasons to not take the travel warnings to Mexico to heart. Greenberg's article is logical and sound and I applaud him for standing up to the media's sensationalist methods.

Ecuador Officials Visit Mexico to Strengthen Trade Ties

Ecuador sent officials and businessmen to Mexico yesterday to promote domestic Ecuadorian goods.
The mission is staying in Mexico until next Friday to allot enough time to form contact with trade officials and discuss balancing the trade between the two countries. The 2010 deficit stood at 640.2 million dollars with Ecuadorian exports totaling 87.4 million versus imports at 727.6 million.

Mexican President Felipe Calderon is due to visit Ecuador this July.

Creative Ways to Collect Email Addresses for Your Business

Regardless of what industry your business is in, this article highlights 29 ways to collect people's email addresses to market your growing business.  Look at the easy ways you can start reaching more of your target audience.

Monday, June 20, 2011

Video: Safety in Mexico from a Resident and Traveler

As a resident of Mexico and someone who travels between the US and Mexico frequently, Luis Aberto gives his perspective on safety in Mexico:

Video: What Cancun Has to Offer for Visitors

Travelers from all over the world offer their experiences of vacationing in Cancun - a hotspot for many outdoor and water activities.

Video Overlooking Mexico City from the Air

Another video taking a look at an overview of Mexico City by the air and sights to see.

See Mexico City by Helicopter Tour

What a unique way to see Mexico City...from youtube:

Top Noise Cancelling Headphone Reviews From Seat Guru

SeatGuru has compiled a nifty guide with 9 recommendations for noise-cancelling headphones ranging in price from $99.95 to top of the line at $399.99. They've assembled some of the most popular noise-cancelling headphones out there on the market and ran it through tests with their group of experienced travelers. SeatGuru then ranked headphones on 5 different categories: Noise Cancellation, Comfort, Sound Quality, and Portability/Size. Accompanying each headphone is a short description and verdict. Check out more at SeatGuru!

Photo Credit: Seat Guru Headphone Reviews

Video Look at Shopping In Mexico City

For downtime after your meetings in Mexico, check out this video for a quick look at what Mexico City has to offer in terms of shopping.


INTERCONTINENTAL MEXICO CITY Shopping Experiences by VFMII

Sunday, June 19, 2011

Mexico Tourism Ministry Announces New Flight Routes from Europe and Latin America

Today Mexico’s tourism ministry announced new flight routes from Europe and Latin America in an effort to boost tourism and decrease the nation's dependency on visitors from the U.S.

Aeromexico, British carrier Virgin Atlantic, Spanish airline Air Europa, Brazil’s TAM and Chile’s LAN are initiating new routes in Mexico this summer, which include: Gatwick, Britain-Cancun; Lima, Peru-Cancun; Sao Paulo, Brazil-Mexico City; and Madrid, Spain-Mexico City.

View from the Air: Week of Business Travel to Frankfurt, Mexico City, San Paulo and More

Take a look at this breathtaking YouTube video - which provides a bird's eye view of travels from the air in locales such as Zuerich, Frankfurt, Mexico City, Sao Paulo and Zuerich. User's personal video from business travel.

Saturday, June 18, 2011

Mazda's Mexico Plant to Serve Central and South American Markets


2011 Mazda2

This just in: Mazda is going to build its new Mazda2 and Mazda3 models at a new plant in Salamanca, Mexico, which will be aimed at serving the Central and South American markets. Both the Mazda2 subcompact and Mazda3 compact are sold in the U.S., although Mazda isn't yet saying whether the plants would supply the U.S. as well.

Friday, June 17, 2011

Credit Card "Chip" Technology Could Help Travelers Abroad

Have you ever been unable to use your credit card abroad because it uses magnetic strip technology, instead of the increasingly popular embedded microprocessor chips? Outside of the U.S., this technology is gaining traction, but has led to headaches for Americans who lack cards with these chips.

However, there may be some good news on the horizon for Americans, as a few banks have begun testing cards with the newer chip technology, known as E.M.V. (for Europay, MasterCard and Visa) and are beginning to offer the cards to select customers.

Read more here.

It is Safe to Travel to Mexico

While news of violence resulting from the drug war is often reported by mainstream American media, the truth is that crime rates in Ohio are higher than those of U.S. border cities. In addition to this, a recent blog post from Gadling notes quotes Gloria Guevara, Mexico's secretary of tourism, as saying:
"We do have a challenge, but Mexico has the equivalent of 2,500 counties. Eighty of those are the ones having the challenge. That's less than 4 percent. What I tell the travelers is they need to get a map. It would be very helpful for them to understand what cities are involved. They might have trouble in Juarez; 2,000 miles from there is totally safe. It's like in the U.S.: If there is an issue in L.A., does that mean that you don't go to New York? Or if there is an issue in Las Vegas, do you not go to Chicago?"

Moreover, WatchmanReport had this to say:
"You would think, by the way the mainstream media over blows these stories that all of Mexico is involved a violent, drug crazed killing spree, when in reality it's only occurring in a few cities along the border in a country twice as large as the state of Texas. This would be like making the ridiculous assessment that crime in New York or Detroit is an example of crime in all of America.
When put into perspectives like these, it's evident that travelers should exercise the same cautions as when traveling elsewhere, but that they should not fear traveling to Mexico.

Mexico and Canadian Leaders Meet to Discuss Trade, Future Economic Growth

Canada's International Trade Minister Ed Fast and the Mexican secretary of the economy Bruno Ferrari recently addressed Canadian and Mexican business leaders and policy makers at a two-day conference hosted by the Canadian Manufacturers and Exporters in Ottawa. While the Canada-Mexico trade relationship has grown significantly since NAFTA was signed, both leaders noted that there is still more room for potential.

Currently, about 2,600 companies and subsidiaries including Scotia Bank, Bombardier, Magna, GoldCorp, TransCanada, CP Rail, and Air Canada are driving success forward in Mexico.

Building on that success means strengthening the partnership in key areas: “from energy to the environment, forestry, transportation, infrastructure, and, of course, high technology,” said Fast.

For Mexico, Ferrari said they’d like to see increased integration in information technology, the aerospace industry, agri-business, construction, health sciences, industry machinery and equipment, and petrochemical products.

What's Your Most Annoying Travel Experience?

We've all got our pet peeves. From the Chatty Cathy next to us, to the small overhead storage space, lack of legroom and more, there's bound to be something on a flight that works our nerves every now and then.

A recent survey conducted by DDB Worldwide Communications Group Inc. asked Americans to choose which of four scenarios constituted the worst experience to have on an airplane. Here are the responses:
  • 64 percent of respondents can’t stand sitting next to someone with strong body odor
  • 23 percent don’t enjoy sitting next to a crying baby
  • 8 percent dislike sitting next to “a boring person who doesn’t stop talking”
  • 6 percent prefer not to sit next to an obese person

Thoughts? What's your biggest pet peeve? I vote crying baby.

Mexico Business Travel

If you are planning a business trip to Mexico, then part of that planning should include getting to know the part of Mexico that you will be visiting, as well as any nearby areas, either to give you information for light conversation with your contacts in Mexico, and / or so that you can take some time out and see some of the local attractions (highly recommended!)

Read more here.

Tuesday, June 14, 2011

Grupo Aeroportuario del Pacifico SAB Sees Trading Increase from Grupo Mexico SAB's Offer

Grupo Mexico SAB, Mexico's largest mining company, recently disclosed it will try to take control of airport operator Grupo Aeroportuario del Pacifico SAB. Since this announcement, the operator's trading saw the most traction in the last 9 months.

According to Bloomberg, Grupo Mexico will offer as much as 50 pesos ($4.24) per share, valuing Aeroportuario del Pacifico at as much as $2 billion. The unsolicited bid values Aeroportuario del Pacifico at 5.7 percent more than its closing price yesterday of 47.31 pesos.

Don't get bumped! Tips for staying on your original flight

With airlines overbooking flights, it’s just a matter of time before you’re bumped from your scheduled flight – if you haven’t been in that position already.

If a flight is overbooked and I’ve got the time to spare, I will generally volunteer and opt for the voucher or refund. However, those times are limited.

However, this article says that being bumped from a flight this summer may not be worth the voucher you get because planes are so overbooked, that it could be days before you get on the next one.

The article gives some tips for staying on your original flight:

— No seat? No go.

If the booking site doesn't let you select a seat on your chosen flight, don't book it. The flight is probably oversold.

— Check in early and beware the "seat request."

Gate agents often rank passengers based on their check-in times, so be sure to check in a full day ahead online. Those without a seat assignment will see the words "seat request." If this happens, check in with an agent at the gate once you get to the airport. Seeing your face before other passengers will help you avoid getting pushed off the flight.

— Know your airline.

Airlines vary widely in how many passengers they bump. You have the best shot at staying on the plane with JetBlue, Hawaiian and Delta. JetBlue doesn't oversell its flights. It bumped just 26 of 6 million passengers in the first three months of the year. Regional carriers contracted by bigger airlines bump the most passengers. American Eagle, the regional carrier for American, was tops from January to March. It bumped about 3 percent, or about 6,200 of 3.6 million passengers.

— Be an early bird and fly direct.

Travel as early in the day as possible to avoid getting bumped by passengers who got bumped or cancelled earlier in the day. And select nonstop flights whenever possible. The more legs a flight has, the greater the chance you'll run into trouble.

— Listen up.

Be ready to board immediately when your row or group is called. A gate agent could give your seat to a standby passenger while you're hanging back.

Another way to avoid bumping, if you can afford it, is to pay for an upgrade to premium economy, business or first class. Coach passengers get bumped first. Building up loyalty points by joining an airline's frequent flier program will also help.

Summer travel also means more cancellations because of thunderstorms. That could also mean a long wait for another flight.

There are ways to prepare for a cancellation. Airlines are required to display on-time performance on their websites. That includes the percentage of cancellations, if a flight gets scrapped more than 5 percent of the time.

Print out a copy of the airline's contract of carriage, available on its website. That spells out what you're entitled to if your flight is cancelled.

The airline's customer service number comes in handy as well. You can call it while also waiting in the customer service line, a double-teaming strategy that gets quicker results. And jot down information for other flights leaving around the time you're scheduled to depart. That's ammunition for rescheduling your flight.

Even with that preparation, there's a chance you'll be stuck overnight — often without your checked bag. So, keep a change of clothes in your carryon. That's also the place to keep your toothbrush and any medications you need.

Common Sense Safety Tips for Summer Travel

While some of us may be used to traveling via plane, these same individuals may be inept when it comes to taking that family summer vacation in the car. Here are a few tips on that subject.

Wouldn't you love to be on this flight?

Watch this video. And marvel. Would love to have a flight attendant like this on my flight - would certainly liven the experience. How many times have we all heard the safety speil?

New IMF Head: Carstens or Lagarde?

Have you been following Carstens vs. Lagarde story? If not, here's the most recent scoop from BBC News:
Mr Carstens himself acknowledges Ms Lagarde is the favourite to replace Dominique Strauss-Kahn at the IMF.
"I'm not fooling myself. It's like starting a soccer game with a 5-0 score," he said on Monday.
He says he would bring "a fresh pair of eyes" to the role. 
A European, he says, could face a conflict of interest, given the continuing debt crisis in some eurozone countries, while he can appreciate what emerging markets can contribute to the IMF.
But the fact he is from the Americas could work against him.
Robert Zoellick, from the US, currently heads the World Bank and some countries may not be keen to see the two global institutions led by officials from the same part of the world.
Traditionally, an American has headed the World Bank while a European has been in charge of the IMF. 
And while Mr Carstens has the support of most of Latin America, Brazil - the region's largest economy - has yet to say whom it will back. 
For Mr Carstens to be successful, he would almost certainly need Brazil to back him.

Monday, June 13, 2011

Sun Country Airlines Teams with Groupon for Discounted Flights to Mexico

On June 1, Sun Country Airlines teamed with Groupon in the Twin Cities to offer cheap flights through the discount company's deal of the day promotion. The deal featured coupons for $180 on U.S. domestic flights, and $320 for flights to Mexico. Discounted flights to Mexico...talk about a steal!

Gogobot: Get Travel Tips from Friends in Your Social Networks

Ever wanted to take a quick survey to see what your friends are saying about their travel experiences? Say you're headed somewhere they've already been, and you want to know where to visit, eat, etc. Gogobot makes this possible by tapping those in your social network for travel recommendations. Upon registering,  you can post questions about your trip directly to Facebook or Twitter. Can't think of a better way to crowdsource an itinerary.

I'm going to sign up and give it a try. Has anyone else used this service before?

Top 10 Places to Visit in Mexico

Work may bring you to Mexico, but that doesn't mean you can't have a little fun while you're there. Mexico's tourist destinations have a lot to offer; if you've got the time, make the trip to check out one of these places.

Top 10 Places to Visit in Mexico (from About.com)
  1. The Plaza de la Constitución, or Zocalo
  2. Catedral Metropolitana (Metropolitan Cathedral)
  3. Palacio Nacional (National Palace)
  4. Templo Mayor (Great Temple)
  5. Palacio de Bellas Artes (Fine Arts Palace)
  6. Museo Nacional de Antropologia (National Anthropology museum)
  7. Xochimilco
  8. Museo Frida Kahlo
  9. Teotihuacan
  10. Basilica de Guadalupe

Friday, June 10, 2011

Frommer's Review: W Hotel Mexico City

The recent opening of the W Hotel in Mexico City has got everyone talking, including Frommer's. The New York Times has this from Frommer's:
This dramatic 26-story business hotel is a sophisticated mixture of style, comfort, and technology. The entry encompasses a series of stepped lounge areas with koi ponds; the trendy four-section Whiskey Bar also features a heated outdoor terrace. Rooms are striking, with cherry-red walls, white featherbeds, terrazzo floors, plasma TVs, and a spacious and comfortable work area. Stylish bathrooms have walk-in showers and a hanging hammock; some rooms have a large circular tub. Eight high-ceiling "loft" suites afford views of Chapultepec Park, green-glass showers, and plasma TVs on the ceiling above the beds. Business traveler amenities include nine high-tech conference rooms that seat up to 400, a complete business center, and "cyber rooms" with printers, scanners, and fax. The hotel's full-service spa and health club are excellent. Solea, a fashionable seafood restaurant serving continental Mexican Cuisine, offers terrace dining for breakfast or lunch.

Telmex mandates Telefonos de Mexico Ordered to reduce fees

Today Mexico's Federal Telecommunications Commission notified Telefonos de Mexico SAB (Mexico's largest phone company) that it must cut fees to connect calls in rural areas where it's the only provider - by 95 percent. The regulator's decision will reduce fees to about 4 centavos (0.34 cent) a minute from 75 centavos, said a source close to the issue.

Consumer Prices Falling in Mexico

Mexico’s consumer prices last month fell the most in 42 years as electricity, food and education costs declined, cementing expectations that policy makers will keep interest rates at a record low this year.

Source: Bloomberg

Turkey Looks to Strengthen Commercial Ties with Mexico

The Chairman of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), Rifat Hisarciklioglu, recently met with Felipe Calderon during a business congress organized by Mexico's Chamber of Commerce.

The meeting was organized to promote commerce between Turkey and Latin America. During his meeting with Calderon, Hisarciklioglu said that Turkey was willing to improve commercial relations with Latin American countries.

Luxury Hotels in Mexico City

Mexico City continues to see a surge in luxury hotel development, geared towards affluent tourists and business travelers alike (accounting for some 12 million visitors per year). In particular, numerous conventions and trade shows are contributing to a large increase in business travelers to Mexico.

To accommodate these visitors, several luxury hotel chains have taken up residence in Mexico City, including:

  • W Santa Fe: W Hotels, an innovative luxury brand of Starwood Hotels and Resorts, recently announced expansion plans with a new property slated to open in Santa Fe in 2014. W Santa Fe will feature 132 rooms, several destination bars and restaurants, a pool deck and an outdoor bar, W's signature Living Room bar and cafe; a 4,000-square-foot Away Spa; a state-of-the-art fitness facility; and 7,800 square feet of meetings and events space. The hotel will be part of a new, mixed-use development called Liberty Plaza, designed by Richard Meier, Edmonds International and Krause Sawye.
  • W Mexico City: W Santa Fe will be the second W in the D.F., joining the existing W Mexico City that is located in the upscale Polanco neighborhood, home to the newly opened Museo Soumaya. This eight year old property is also set to receive a significant renovation over the next couple of years.
  • Courtyard Mexico City Airport: Marriott International announced plans to open the first Courtyard by Marriott hotel in Mexico City at the Benito Juarez International Airport, which will be connected to international terminal number one by a footbridge. Slated to open in early 2012, the 292-room hotel will offer four levels of guest rooms; a patio level with retail outlets; a mezzanine level with a lobby and fitness center; and two levels of underground parking.
  • DoubleTree by Hilton Hotel Mexico City Airport Area: Hilton Worldwide announced plans for a DoubleTree by Hilton expansion throughout Mexico, including a new property set to open in Mexico City later this year. This will be one of the first DoubleTree by Hilton locations and will also be located near the Benito Juarez International Airport, allowing for ease of access for international visitors.

First Time to Mexico? Travel Tips for Newbies

Delta Air Lines' blog post on "8 Travel Tips" provides notes on what to do or bring when travelling to Mexico. Among the tips, the airline carrier suggests making a copy of your passport, reapplying sunscreen, and staying hydrated. Click the link above to read the full post and prepare yourself for the trip.

Thursday, June 9, 2011

Business Travel Basics: Video Conferencing Etiquette

Want to know more about video conferencing etiquette? AVE communities has helpful tips HERE.

What Business Travel Can Do to Your Health

Traveling constantly can take a serious toll on your health. From lack of sleep, to dehydration and more, it's important to think about your health - even when you're on the go.

A recent study from FYI Living explores this topic, covering the negative effects of a stress, a poor diet and being sedentary during flights on the body.
"This study revealed a “U” shaped relationship between self-reported health, health risk factors and business travel. Employed persons seem to be healthier than their non-employed peers and had reduced mortality too. This “healthy worker” effect may be a reason for the finding that people who do not travel report poor health, are likely to be more obese and likely to have higher diastolic blood pressure than people who travel up to six nights in a month for business. However, this positive relation between health and business travel is not observed in the case of people who travel for more than two weeks per month. They are more likely to have poor health. A possible combination of job stress, long time spent in sedentary activity during travel and diet may be contributing to this phenomenon."
Whether it's a short flight to Mexico, or a longer leg to Europe or Asia, always make sure to drink plenty of water, sleep when you can, and walk around during the flight if possible.

IATA Releases New Airport Checkpoint Prototype

"Checkpoints of the Future"
The photo is a prototype for a "checkpoint of the future," as designated by the International Air Transport Association (IATA). Tailored to the needs of a broad range of travelers, the screening system splits passengers into three different tunnels.
Those who have passed government background checks head speedily through the "known traveller" lane. Those deemed an elevated risk walk through an "enhanced" tunnel where they might receive a full body scan. Everyone else goes through the normal channel, where their luggage is scanned, but where they should not have to remove any clothing or unpack any belongings.
Wonder when these will be in place and what the implications will be for business travelers/those who know the ropes?

San Miguel Looking for Ways to Expand Tourism

San Miguel will  host up to 2,500 dentists for the National Congress of Dentists in 2012. While an honor, the Tourism Council, Hotels Association and local government are looking for ways to expand tourism in the city, so as to accommodate all of the attendees.

Tthere are about 1,600 registered hotel rooms in San Miguel, a figure confirmed by the Datatur Sectur database (Secretaría de Turismo, Federal Tourism Department). The report also notes that of the 1,600 rooms 48 ​​percent are classified as five-star, 24 percent as four-star, and 20 percent as three-star. Only 8 percent are categorized as less than three-star.
“Taking into account bed and breakfasts we would have over 2,000 rooms,” said Del Río, who added that considering that on average two people occupy a room, San Miguel has the capacity to house around 4,000 people.
“We have been reviewing possible locations for the congress. Next year, the Ángela Peralta will be restored, as well as Centro Cultural Ignacio Ramírez (Bellas Artes). There are other alternative private sites that have been offered to us by the owners, including Instituto Allende and the terrace of Rosewood San Miguel de Allende, which has a spectacular view, and the hotel can accommodate 350 people.”

Podcast: Obstacles Faced by Business Travelers During the Holidays

We're all familiar with the perils of holiday travel. The long lines. The kids. And all those...novice travelers. If you think this is bad, try going to Mexico on business in the midst of the holiday traveler onslaught.

This podcast talks abut the obstacles "seasoned" business travelers face during the holidays. From Wi-Fi dead zones to longer wait times, and more. It's no Christmas, but July 4th is just around the corner...so listen up!

All Inclusive Mexican Resorts Mix Work and Play

Business Meets Pleasure at All-inclusive Resorts
Think work and play don't mix? Think again.New luxury hotels are opening up across Mexico. From Cozumel to Riviera Maya, the options are growing.

Wednesday, June 8, 2011

Napping on the Plane - Sleep Aid Tip from Gadling

While some business travelers may be prepping for upcoming meetings during a flight, others take the opportunity to get in a nap. From New York, the flight to Mexico City is about 5 hours, just enough time to rest up before you arrive. For those who take sleep aids during a flight, Gadling suggests waiting until you're well up in the air, so as not to miss important announcement.

Tuesday, June 7, 2011

Chrysler Group Announces Changes Affecting Strongholds in Mexico and South America

Today the Chrysler Group LLC announced Fred Diaz as president and CEO of Chrysler in Mexico and Latin America. He will also remain head of Ram trucks.

Diaz will be based out of Chrysler's office in Mexico City, but will also spend time at Chrysler's headquarters in Auburn Hills, Mich.

Fiat SpA, which owns Chrysler, already has a presence in Mexico and South America. Expanding into these areas will now put Chrysler on the same level.

“It will grow significantly, as Diaz said, as part of our collaborative efforts with Fiat. That was one of the keystones of our partnership. Fiat's presence is huge in Latin America. We have an opportunity to leverage their existing sales infrastructure,” he said.

Business Travel to Mexico: There's an App for That

Technology has revolutionized the way we travel. Forgot your flight information? No worries, the app gods have got you covered. Whether you've got iPhone, BlackBerry or Droid, here are some of the apps you might find useful as you travel to Mexico and beyond.

EasyJet Looks to Attract New Business Travelers

If your business travel takes you beyond Mexico, to say, France, then listen up.

This just in: Europe’s second-largest discount carrier, EasyJet, has started selling flexible tickets through its website today to attract more business travelers. The airline is trying to increase its share of business travelers by attracting those who would normally travel on British Airways or Air France-KLM (AF) Group.

Top 10 Business Travel Tips

Tom Szaky, chief executive of TerraCycle, recently put together a list of Top 10 Business Travel Tips. My favorite: his nod to Skype.
"I have becoming a fan of using Skype when traveling abroad. The program allows you to connect to various Wi-Fi hot spots without signing up and paying the typical hot spot fee. Instead you pay a few cents per minute to Skype and you can upload and download e-mails quickly. Wireless modems are great, too. In the United States, my AT&T iPhone serves as a mobile hot spot. My Verizon-using colleagues use a Mifi, which lets up to 5 devices go wireless in hotels or on trains and taxis. If you require your staff to be on Skype throughout the day, you’ll be amazed at how effective you can be, connecting with people instantaneously — even when you are in remote locations."'
Totally agreed. Consider downloading Skype on your laptop or Smartphone before traveling to Mexico.

Travelclick Says Business Travel is on the Rise for the Summer

According to a new survey from Travelclick, the amount of business travelers who have committed to rent rooms this summer is about 8 percent higher than last summer. Additionally, the revenue hotels collect per room for business travelers is expected to go up 13 percent this summer compared with the same period last year, while revenue from rooms rented by leisure travelers is expected to rise only 4 percent, according to Travelclick.
"This summer, business travel has been and continues to be strong as the U.S. economy continues to recover," said Tim Hart, executive vice president of business intelligence at Travelclick.

Business Travel Will surge in Summer, Analysis Says

Leisure travel will be about the same as summer 2010, Travelclick data suggest. Also, United Airlines plans to keep first-class seats on international flights, and Alaska Airlines will expand Wi-Fi service to more aircraft.

via @NYTimes  - Read more here.

Monday, June 6, 2011

Delta's Flat Bed Business Seat

Pictured above: Delta's lie-flat business seat....looks comfy!

Orbitz: Airlines debut new amenities for business travelers

Airline companies continue to duke it out for revenue from elite business travelers. From more leg room to better meals, airlines are pulling out all the stops to attract those who can afford to fly in style.

This recent post from Orbitz gives you a rundown of these amenities. For example, in May, United Continental Holdings (they hold the recently merged United and Continental Airlines) introduced "Premier Access." This new package of airport services includes the following services for elite travelers:

  • Designated check-in counters
  • Priority security screening
  • “Front of the line” boarding through special Premier Access lanes and priority baggage handling

In addition, Delta Airlines has allocated some of its $2 billion upgrade investment toward business travelers to introduce flat-bed seats on more than 25 percent of international flights. By 2013, all of the company’s transoceanic flights with Business Elite service will have these seats.

Mexico's Carstens Sees Low Risk Of Disorderly Capital Outflows

Bank of Mexico Governor Agustin Carstens said Friday there is a low risk that higher interest rates in developed countries will trigger capital outflows from Mexico.
"There is the risk of observing some turbulence in our markets when those flows are reversed, especially if they are reversed in a disorderly fashion. But at the same time I feel that the danger of that is not that large," Carstens said in an interview with Dow Jones Newswires in Argentina.
Source: Wall Street Journal 

Foreign investors flock to Mexico's bond market; Record $21 million invested

Foreign investors are flocking to Mexico's bond market in record numbers, thanks to a stronger Mexican peso. From September 2010 to March 2011, international investors bought $21 million in debt.

In a May 10 interview, Mexican President Felipe Calderon said that he was "very comfortable" with the gains in the peso.

As the second largest Latin American country behind Brazil, Mexico is the only country that hasn't raised rates this year.
Publish Post

Economists Predict Strong Mexico Economy Through 2015

In 2010, Mexico's economy grew 5.5 percent. The fourth quarter of 2010 saw an increase in GDP of 4.4 percent.

The U.S. accounts for 80 percent of export sales in Mexico, therefore making the relationship between the two nations an important one -- and indicating the much of Mexico's success was due to improvements in the economy of the U.S. Import demand in the U.S. is predicted to remain strong for the next few years, helping to further propel Mexico's economy.

The Economist Intelligence Unit (EIU) predicts Mexico’s GDP growth rate to expand at an average annual rate of 3.7 percent from 2011 to 2015. This would be higher than the 3.1 percent average achieved during the period 2003 through 2008.

Ariz. Gov says State Must Continue to Advance Economic Relationship with Mexico

In a speech last Saturday, Arizona Governor Jan Brewer said the state must continue to push to be economically competitive by developing new roads and infrastructure, improved ports of entry and a secure border. The governor's remarks were part of a three-day symposium that focused heavily on trade and commerce between the Arizona and Sonora, Mexico.
"Everything we have done has been around competitiveness," said Margie Emmerman, executive director of the Arizona-Mexico Commission. "It's about what we need to do in order to have commerce and trade flow through our region. In this global world, it isn't one person we are competing against. It's a very tight market. It's everyone."
Mexico is Arizona's largest trading partner. The state exported $3.6 billion in the third quarter of 2010, Brewer said, adding that such an investment is "critical to continuing the trade growth between Arizona and Mexico."

Friday, June 3, 2011

Bloomberg: Mexico ‘Better Prepared’ for Europe Debt Crisis Than Peers, Rodriguez Says

To protect its economy from the effects of the European debt crisis, Mexico is increasing efforts to keep money in the country, stated Deputy Finance Minister Gerardo Rodriguez.
“We are a lot better prepared, especially relative to other countries, for a situation that could deteriorate externally,” said Rodriguez, 38. “All this points to a broad framework of creating additional spaces for a potential adverse scenario going forward. That’s what we are here for -- to prepare for negative scenarios.”
Mexico is unique; China to Brazil raise borrowing costs to combat inflation, but Mexico is the only major Latin American country that hasn’t raised rates this year. The annual inflation rate in the country a five-year low in March at 3.04 percent.