Year: 2006

December 2006-New Maquila Decree

New Maquila Decree

Continuing with the strategy of reducing the transaction costs and promoting external trade, on November
1st, 2006, the Ministry of Economy published in the Federal Official Gazette Decree for the Promotion and Operation of the Manufacturing, the Promotion and Operation of the Manufacturing, Maquiladora and Exportation Services Industry (IMMEX), and is effective since November 13, 2006.

Success Stories

GM Invest in Mexico

Hyundai will open plant in Mexico

DHL bought new airplanes in Mexico

Natural Gas plant starts operating

State Profiles

Tabasco

Missouri

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November 2006-43 out of 50 U.S. States have Increased their Exports to Mexico

43 out of 50 U.S. States have Increased their Exports to Mexico

In the first nine months of 2006, the trade between the United States and Mexico exceeded USD$248 billion, up from a level of almost USD$60 billion from the same period of year 1993.

Success Stories

  • Lear will invest US$15 million in Frontera, Coahuila
  • Pemex built the largest maritime platform in Mexico

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October 2006- Mexico Implemented an Import Duties Reduction Plan

Mexico Implemented an Import Duties Reduction Plan

With the goal of reducing production costs for companies doing business in Mexico, the Ministry of the Economy published a decree that lowers duties for 6,089 items of the Import Tariff Code on September 29, 2006.

Success Stories

  • Union Fenosa to increase investment in Mexico
  • Navistar produces a new model in Mexico
  • Neapco LLC Chooses Saltillo Coahuila

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August 2006- U.S. and Mexico Sign Trade Deal on Sweeteners

U.S. and Mexico Sign Trade Deal on Sweeteners

On July 27th, The United States and Mexico reached an agreement regarding sugar and sweetener trade.

Success Stories

  • Kenworth Mexicana injects money into its plant in Mexico
  • Bridgestone will invest in a new black coal processing plant
  • Honeywell will manufacture aircraft components in Chihuahua
  • Mahle injects millions in its Puebla plant
  • Celestica to increase capacity in Apodaca facilities

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June 2006- Mexico’s Electric and Electronic Industries

Mexico’s Electric and Electronic Industries

The electronics and electrical industries are two of Mexico’s main sources of annual exports reaching US$42.7 billion in 2005; they are also responsible for employing about 360,000 people.

Success Stories

  • Saint-Gobain’s Flat Glass Sector expands in Mexico
  • Grupo IMSA to invest in Nuevo Leon
  • Behr Saltillo to build new production facility in State of Coahuila

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March 2006-NAFTA Supports Jobs for U.S. Workers

NAFTA  Supports Jobs for U.S. Workers

Since the implementation of NAFTA, and Mexico has become the U.S.’s second largest trading partner, behind only Canada.  Goods and services for Mexico account for one out of every ten jobs in the U.S.

Export and job opportunities grow across the U.S.

Since 1993, 49 U.S. states have seen a growth in exports to Mexico . Currently, twenty states record over $1 billion in sales to Mexico annually.

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February 2006-Competitiveness Growth in Mexican Ports

Competitiveness Growth in Mexican Ports

Mexican ports have been boosting their competitiveness during the last four years.

Modifications to Mexican Foreign Trade Law to Strengthen Transparency

There are some updates modifications that include allowing the Ministry of the Economy to coordinate international trade negotiations with the productive sectors, to establish promotion programs, to issue rules and regulations for the enforcement of applicable trade legislation, and to accept the use electronic signatures for some notifications and procedures.

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January 2006-“EXPORTANET” A Mexican Program that Introduces your Company to Mexican Suppliers

“EXPORTANET” A Mexican Program that Introduces your Company to Mexican Suppliers

The Banco Nacional de Comercio Exterior (Bancomext), which is in charge of promoting foreign trade and attracting foreign investment to Mexico, maintains a promotional program called “Exportanet”, created for Mexican companies that wish to export their products to international markets.

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