Japanese Automaker Nissan Pours $2 Billion Investment in Mexico Plant

Nissan has recently decided to make an investment in Mexico to the tune of $2 billion dollars. The money will be spent on a new manufacturing plant deemed by a government official as “one of the biggest investments we’ve ever received from an automaker.” Read more from MexicoToday on importance of this investment in Mexico.

Mexico Stocks Show Optimistic Increase

Via the Wall Street Journal, news about Mexico's stocks:

Mexican shares rose Tuesday, boosted by enthusiasm over the upcoming corporate earnings season amid sprinklings of positive news from key local companies.

The IPC index of Mexico's most-traded shares rose 406 points, or 1.1%, to 37191 points. Volume was healthy at 179 million shares

Mexican Manufacturing Hits Biggest Increase Since 2009

MexicoToday reports that one of Mexico's thriving industries, the manufacturing industry, has posted its biggest increase since October 2009. "Due to reports of strong manufacturing, largely due to increased automobile production, Mexico’s industrial output rose to a new two year high." Take a look at the rest of the article to see the growth and numbers in the manufacturing industry in Mexico.

Mexico's Aerospace Manufacturing Industry Sees Consistent Growth and Demand

Mexico has the aerospace manufacturing industry to thank for helping the economy in its recovery.

Rising aircraft demand has greatly helped Mexico’s economy since the financial crisis two years ago. In 2002, the country’s exports of jet engine parts, fuselages, and electrical systems amounted to $1.26 billion. Since then, the exports have more than doubled to $3.26 billion. The industry employs more than 29,000 people at 232 aerospace firms.

Read more from MexicoToday on the impact of the aerospace manufacturing industry on Mexico's economy and its leadership in the sector.

Financial Snapshot of Mexico from the Wall Street Journal

The Wall Street Journal offers a financial snapshot of Mexico with information on Mexico's economy (estimated GDP growth,  inflation rate, market cap of publicly traded stocks).

Mexico and Central American Countries to Sign Single FTA

Today, Mexico and five countries in Central America (Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua) are slated to sign a Single Free Trade Agreement. A close trade partner of the US, Mexico has been looking to diversify its trade relationships with other countries.

The agreement provides a legal framework to carry out trade in goods and services between the parties, as well as establish investment in the region, said the source...Issues discussed in the talks included the rules of access and origin in order to facilitate Central American exports to Mexico and update the legal framework of trade relations between the parties, said the Ministry of Economy then.

Photo credit: embamex.sre.gob.mx

Mexico Exports 10 Billion Dollars Worth of Fruits and Vegetables

Mexico has grown its role as a major exporter of fruits and vegetables from Latin America. The most popular products that Mexico exports are tomato, avocado, broccoli, mango, pineapple, lemon, asparagus, eggplant, peppers, squash, and exotic fruits. Mexico has also taken steps to grow its organic exports.

Of Mexico's new export markets and opportunities, General Coordinator of Trade Promotion and Export Promotion Aserca-SAGARPA, Gabriel Padilla, stated, "We have consolidated our presence in Germany, Holland, UK and Spain. The intention of reciprocity has been opened for stone fruit imports from Spain and we have accepted the intention. We expect to start shipping directly from the ports of Veracruz directly to send tropical fruit to Europe."

Photo credit: Fresh Plaza

UK-Mexico Business Forum Brings Closer Relationship Between Both Countries

The UK Deputy Prime Minister, Nick Clegg, attended the UK-Mexico Business Forum this week to speak about boosting trade, tourism and cultural links between the two countries. Important business leaders from Mexico and the UK are meeting for two days and this UK-Mexico business forum is serving as a spring board for next steps towards reaching ambitious trade targets (a plan to to double trade to £4.2 billion by 2015).

This meeting comes after a previous meeting 6 months ago to encourage trade between the countries, and the effects can be seen as UK goods exports increased by 12% and imports from Mexico by 20%.

The Future of Mexico's Economy is Looking Rosy

The future of Mexico's economy is looking bright with projected growth of 4.5% this year.

"The Mexican economy is outpacing some of the faster-growing regions in the world -- such as Russia -- and it is estimated that Mexico will be the eighth-largest economy in the world by 2050."

Trade With Mexico Boosts Sales for US State

TriValleyCentral.com -

A strong Mexican economy is helping Arizona keep pace with other states in export sales this year, according to recent data from the International Trade Administration.

Mexico accounted for more than a third of the state’s international trade in the first half of 2011, when Arizona’s total export sales jumped $1.2 billion, to $8.9 billion. It was the highest year-to-date increase in at least five years.

The bump in exports follows 10 years in which Arizona had the fourth-slowest growth rate among states in international trade, according to the administration’s data.

Largest Brewery in Mexico Posts 33% Higher Profits

Grupo Modelo SAB, the brewer of Corona which owns over 60% of the Mexican beer market, has posted a 33% increase in profits for its third quarter. The increase can be attributed to higher prices and demand in Mexico along with the growth of the Mexican economy in the first half of the year.

Mexico's Competitiveness Leads to Increase in World Economic Forum Ranking

Mexico’s ranking on the Global Competitiveness Report by the World Economic Forum (WEF) has increased eight spots, no easy feat considering that the fluctuation of these rankings tend to be low. Mexico's improvement can be attributed to changes made to "boost competition and facilitate entrepreneurship by reducing the number of procedures and the time it takes to start a business. The report also mentions Mexico’s large internal market size, sound macroeconomic policies, technological adoption, and a decent transport infrastructure as helping it to move up in the WEF Report."

The Americas Quarterly writer Arjan Shahani makes additional observations and recommends ways Mexico can continue to improve its business and economic rank.

Photo credit: Focus on Mexico

3.85% Growth for Mexico Forecasted by Citigroup

From Bloomberg - a report by Citigroup Inc.’s Banamex unit indicated that Mexico's economy will experience a 3.85% growth this year. The report came from the median estimate of economists surveyed by Banamex.

Picture credit: topnews

IMF: Mexico's Economy Remains Stable & May Show Growth Amidst Global Economic Problems

With countries still dealing with the effects of the global economic crisis, Mexico's economy has overcome the global economic crisis and reverted to pre-crisis levels according to the IMF.

What factors have been at play to pave the way for Mexico’s economic success throughout this financial crisis?

Honda Motor Company to Build a New Manufacturing Plant in Mexico

From Mexico Today, Honda Motor company is set to invest 20 billion yen or 260 million dollars to build a new car plant in Mexico, which will join an existing Honda plant in central Mexico.

Photo credit: Mexico Today

Aeromexico to Receive $65 Million in Investment from Delta Air

According to MarketWatch, "Delta Air Lines Inc. will invest $65 million for an equity stake in Mexican carrier Grupo Aeromexico SAB, the chief executives of the airlines said Wednesday."

Delta Chief Executive Richard Anderson commented that "expansion in Mexico and South America offers one of the best opportunities in the world, he said. 'The Mexican economy is doing quite well,' he added."

Photo credit: flickr.com/photos/72602812@N00

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.

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.