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Mexico

EU Fears Offer To US Not Enough To End Trade Row

Brussels,:The EU’s own top trade official warned Tuesday that the bloc’s last-ditch bid to persuade US President Donald Trump to back off stiff tariffs on metals imports from Europe fell short of expectations in Washington. Trade Commissioner Cecilia Malmstrom spoke ahead of talks of the EU’s 28 trade ministers to discuss an attempt to woo the US away from punishing ... Read More »

Russia-Mexico trade up 40%, with significant non-energy exports

MOSCOW: The more than 40 percent growth in trade between Russia and Mexico demonstrates a positive trend, according to the Russian Export Center CEO Petr Fradkov. Mexico is the 13th largest economy in the world in nominal terms. A Russian delegation led by the Minister of Trade and Industry Denis Manturov is currently in Mexico City on a business mission. ... Read More »

U.S., Mexican Customs improve rail processing at Laredo

WASHINGTON: U.S. Customs and Border Protection (CBP) and Mexican Customs (Servicio de Administracion Tributaria/Aduana Mexico or SAT) on Friday formally dedicated a new center at the Laredo, Texas, to allow both agencies to more efficiently work together to process freight trains crossing the border. The agencies were joined by officials from the Kansas City Southern, which invested in the construction ... Read More »

Mexico annual inflation nears 3% target rate in Sep

MEXICO CITY: Mexico’s annual inflation accelerated in September to nearly the central bank’s 3 percent target level, just days after its governor warned there could be higher interest rates if inflation “takes off” beyond that goal. Consumer prices rose 2.97 percent in the year through September, the national statistics agency said on Friday, above a 2.91 percent forecast from a ... Read More »

Mexico: Migrant Traffickers Renting Buses for Rapid Smuggling to U.S

MEXICO CITY: Mexican authorities say migrant traffickers have adopted a new trick to smuggle Central American clients to the U.S. border: renting high-end tour buses. Mexico’s Immigration Institute says it has found 102 migrants on two buses being used to whisk them across the length of the country. The migrants reported paying between $7,000 and $10,000 to go from an ... Read More »

Mexico’s Pemex posts record low crude oil exports in Dec

MEXICO CITY: Mexico’s state-owned oil company Pemex exported just 1.008 million barrels per day (bpd) of crude oil in December, the company said, the lowest in at least 25 years. A Pemex spokesperson said the record low was a consequence of sending more oil to the company’s domestic refineries. The company’s database goes back to 1990. Pemex said it produced ... Read More »

Mexico’s honey producers set new record in 2015

MEXICO: Mexico’s honey producers set a new record last year, exporting 45,000 tonnes valued at more than US $150 million. The figures put Mexico in third place on the list of the world’s top honey exporters. Despite the new record, the Agriculture Secretariat (Sagarpa) intends to do more to promote honey production with incentives to improve production, harvesting, processing and ... Read More »

Drug smugglers busted after disguising more than a ton of marijuana as fresh carrots 

MEXICO: These green-minded drug smugglers tried hiding more than a ton of marijuana as carrots while crossing the border through Mexico. Drug smugglers were busted trying to hide more than a ton of marijuana disguised as carrots while crossing the U.S.-Mexico border, officials said. Hiding their green bud among the orange vegetables, the smugglers tried driving through the Pharr-Reynosa International ... Read More »

Mexico wants to extradite ‘El Chapo’ to US

MEXICO CITY: Mexico’s government aims to fulfill a request from the United States to extradite the newly-recaptured drug lord Joaquin “Chapo” Guzman to face drug trafficking charges, sources familiar with the situation said. The Mexican Attorney General´s office will be working as fast as possible to establish the path to extradition, and Chapo could be extradited by mid-year, one of ... Read More »

Mexico recaptures drug boss ‘Chapo’ Guzman: Pena Nieto

MEXICO CITY: Mexico has recaptured the world’s most notorious drug lord Joaquin “El Chapo” Guzman, President Enrique Pena Nieto said via Twitter on Friday, six months after he broke out of a high security prison through a tunnel. Guzman, who Pena Nieto first nabbed in 2014, also escaped from prison in 2001 after a prior capture in 1993. Read More »

Mexico doubles fishmeal exports to China in last five years

MEXICO CITY: The Mexican states of Sonora and Sinaloa exported some 215,000 metric tons of fishmeal to China in 2015; almost double the quantity seen five years ago. The state of Sonora is the largest exporter of fishmeal, with export volumes of 213,078t, as Sinaloa shipped 1,834t to China, according to Mexico’s Secretariat of Agriculture, Livestock, Rural Development, Fisheries and ... Read More »

Mexico’s petroleum revenues fall nearly 37%

MEXICO CITY: Mexico’s oil revenues fell 36.7 percent year-on-year during the first 11 months of 2015 to 724.1 billion pesos ($40.71 billion), the Finance and Public Credit Secretariat said. “This result is explained by the 49.2 percent drop in the price of the Mexican export petroleum blend, which fell from $91.50 per barrel in 2014 to $46.50 in 2015,” the ... Read More »

Mexico’s central bank expects inflation rate of 3% in 2016

MEXICO CITY: Mexico’s central bank expects the inflation rate to rise to around 3 percent in 2016, up from a projected year-end rate of 2 percent in 2015. “In 2016, as the favorable supply shocks that occurred in 2015 fade and taking into account the shift in relative prices stemming from the exchange rate depreciation, a gradual increase (in prices) ... Read More »

Mexico’s oil revenues fall 36.7% YOY in 2015

Mexico: Mexico’s oil revenues fell 36.7 percent year-on-year during the first 11 months of 2015 to 724.1 billion pesos ($40.71 billion), the Finance and Public Credit Secretariat said. “This result is explained by the 49.2 percent drop in the price of the Mexican export petroleum blend, which fell from $91.50 per barrel in 2014 to $46.50 in 2015,” the secretariat ... Read More »

Arizona-Mexico border sees drop in arrests, seized cash and drugs

PHOENIX: Fewer people were arrested and less cash and drugs were seized at checkpoints along the Arizona-Mexico border in 2015 than last year, a report said. “We apprehended 70,074 people in Arizona in fiscal year 2015 and that’s a 25 percent decrease from 2014,” John Lawson with U.S. Customs and Border Protection said. More people were turned away from entering ... Read More »

Mexico expects agric exports to rise 100%

MEXICO CITY: Mexico expects its shipments of agricultural products to China to increase 100 percent next year as Chinese consumers’ appetite grows for imported food and more products are approved to enter China, a Mexican government official said yesterday in Shanghai. Jose Calzada, secretary of agriculture, livestock, rural development, fisheries and food, said Mexico’s food exports to China are set ... Read More »

2 Mexican men accused of smuggling illegal aliens through Greene Co.

BIRMINGHAM: Two Mexican men were indicted by a federal grand jury in Birmingham for knowingly transporting illegal aliens through Greene County, according to U.S. Attorney Joyce White Vance. Roldan Palacious-Rincon, 31, and Martin Rodridguez-Guadarrama, 33, are accused of transporting five people who they knew were in the U.S. illegally through Greene County on Nov 9. The six-count indictment claims they ... Read More »

Mexico’s trade deficit widens to $1.57b in Nov

MEXICO: Mexico’s oil exports fell 50.2 percent from a year earlier in November, a month in which the country’s trade deficit totaled $1.57 billion, the National Institute of Statistics and Geography, or INEGI, said. Total exports amounted to $31.02 billion last month, down 4.1 percent from November 2014, the INEGI said in a statement Thursday. Oil exports plunged 50.2 percent ... Read More »

Mexico oil exports fall 7.9% in Nov

MEXICO: Crude oil exports from Mexico’s state oil company Pemex dipped 7.9 percent in November from the previous month, while production was virtually unchanged, the company said on Thursday. Average exports fell to 1.179 million barrels per day (bpd) from 1.280 million bpd in October, as a drop in shipments to Europe and the Far East more than offset an ... Read More »

Customs seizes $740K worth meth, heroin

MEXICO: Over the weekend, Customs and Border Protection arrested two Mexican men for their alleged attempts to sneak a combined 193 pounds of heroin and meth into the United States. The first bust was on Friday when officers caught Sinuel Gonzalez-Dominguez, 34, of Nogales, Sonora, Mexico, with $465,000 worth of meth in a cucumber shipment. On Sunday, Edwin Elevier Lara-Ruiz, ... Read More »