News & Events

Mexico & Cross-Border News


  • Tiger Woods Course Design Debut Drives Mexico Home Prices
    As Tiger Woods gets ready to make his debut as a designer of a completed golf in Los Cabos, Americans with home-equity loans are seeing green there too. Americans who are able to get home-equity loans to buy in Mexico are purchasing condominiums, villas and estates ranging from $200,000 to more than $7 million following a plunge in prices. 05/22/14



  • UAE and Mexico Sign Deal on Investments
    Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum and Mexican President Enrique Peña Nieto met to discuss cooperation between the two countries by building a strategic partnership in economic sectors and investment in the best interests of both nations. 04/21/14


  • Nigeria and Mexico Can Share Ideas On Tourism
    Director of Mexico Tourism Board Milko Rivera Hope discusses how both countries can share ideas on tourism development as Mexico seeks to attract Nigeria to its tourism industry. 04/22/14



  • Guv Says Aiding Mexican Economy May Curb Immigration
    Utah Gov. Gary Herbert, who recently returned from leading a trade mission with 41 Utah businesses to Mexico, said increased trade and investment will help the economies of the U.S. and Mexico, and will help solve immigration issues. 04/24/14



  • Mexico and OECD Discussing Relations with the Pacific Alliance
    Mexico's Economy Secretary Ildefonso Guajardo Villarreal and José Ángel Gurría Treviño, the chairman of the Organization for Economic Cooperation and Development, OECD, address relations between OECD and the Pacific Alliance, and global value chains. 04/15/14



  • Energy Reform Could Unlock Mexico's Shale Resource Potential
    Mexico has taken the first steps toward opening its energy industry to outside investment that could unlock the potential of its massive unconventional resource. Constitutional reforms, enacted in December, ease investment restrictions and tax obligations for state oil company Pemex, opening a path for investment from outside the country for the first time in 75 years. 04/16/14


  • Mexico Overtakes Japan as No. 2 Car Exporter to US
    Mexico's booming auto industry has reached a major milestone, claiming to have overtaken Japan as the second-biggest car exporter to the United States in the past three months. Mexico now only trails Canada, but experts say the Latin American nation could become the top exporter to its northern neighbor as soon as 2015, a symbol of its growing global clout in the sector. 04/10/14


  • The Promise of Mexico’s Energy Reforms
    In the next few months, investment opportunities in Mexico will open across the energy sector. This ranges from oil production, the construction and management of new refineries, the creation of new pipeline capacity and bolstering existing capacity, building out gas storage and transport facilities, and revamping the country’s gasoline-station sector. Companies outside of Mexico will be able to invest in new power facilities, manage existing plants, and add clean energy to the mix. 04/09/14



  • Texas to benefit as Pemex ends its monopoly
    As Mexico moves forward to allow foreign investment in its energy industry, including shale development, the change will be a great economic benefit to Texas, says Texas Railroad Commissioner David Porter. 04/06/14




  • Mexico and Panama sign free trade agreement
    Mexican President Enrique Pena Nieto and Panamanian counterpart Ricardo Martinell have signed a free trade deal, moving Panama a step closer to joining a regional pact that includes several major Latin American economies. 04/03/14


  • Mexico and Argentina agree to boost trade
    Mexican Economy Secretary Ildefonso Guajardo and Argentine Industry Ministry Debora Giorgi have agreed to promote bilateral trade, especially in the automotive industry. 03/30/14


  • MEXICO INFRASTRUCTURE: Laying tracks for investors
    Mexico is gearing up for an infrastructure surge. The new federal PPP (public-private partnership) laws aim to attract foreign investment and give investors and contractors a more certain – and more familiar – environment. In May 2013, President Enrique Peña Nieto announced a five-year plan that provides for spending of $316 billion on infrastructure by 2018. 03/27/14


  • Panama Nears Trade Deal with Mexico: Next Stop, Pacific Alliance
    A meeting President of Panama Ricardo Martinelli and Mexican President Enrique Peña Nieto met to engage in negotiations for a bilateral free trade agreement (FTA). The agreement will “push Panama as a key partner in Mexico’s integration with Central America and will generate a trade corridor of 165 million people.” 03/24/14



  • Companies Lining Up to Profit on Mexican Oil
    The landmark energy reform passed last year as part of Mexican President Enrique Pena Nieto’s agenda opened up Mexico’s oil sector for the first time in 76 years. The state had held a monopoly over oil exploration and development, but the recent liberalization will allow private companies to invest. 03/23/14


  • Mexico plans a mix of areas for first international oil tender
    Mexico will offer up a geological mix of prospective oil blocks when it launches its first international public tender as part of a landmark energy reform. Approved in December, Mexico's energy reform ended state-run oil company Pemex's 75-year monopoly on oil exploration and production and paves the way for the entry of private oil majors. 03/28/14


  • Mexico Looking to Strengthen Cooperation with the UAE
    The Mexican government is looking to strengthen cooperation and explore joint investment opportunities with the UAE. While Mexico is interested in promoting the flow of tourists from the UAE, other business sectors that are potential investment opportunities include trade, tourism and construction. 03/19/14


  • Mexico Energy Overhaul Opens Door for CFE’s Gas Ambition
    Comision Federal de Electricidad, Mexico’s state power company, plans to enter the natural gas business after Congress broke a 76-year state energy monopoly. A bill passed in December will allow CFE to provide gas services and seek private partners in generation projects. By allowing foreign investment in the energy industry for the first time since 1938, Mexico is looking to increase natural-gas supply, reduce its dependence on U.S. imports and lower the cost of electricity generation. 03/20/14



  • Dubai Chamber briefing focuses on Mexico’s investment potential
    Focusing on the lucrative investment opportunities in Mexico’s trade, tourism, construction and real estate sectors, the President and CEO of Dubai Chamber said that Dubai companies can use their experience in these areas and benefit from the country’s strong growth potential. 03/18/14


  • US-Mexican Trade Good for US Jobs, Say Experts
    The importance of Mexico to the United States is evident in debates on immigration reform and free-trade agreements as some experts say NAFTA has helped the U.S. to remain competitive globally so there are regional supply chains that allow the US to compete with China. 03/11/14


  • Los Angeles Seeks To Build Trade Ties with Mexico
    As Mexico is the largest source of L.A County’s investments, Mayor Eric Garcetti met with Mexico’s Government and business officials to enhance trade ties between the two and encourage tourism. 03/10/14


  • Mass. Governor to Head Trade Mission to Mexico, Panama
    Gov. Deval Patrick is heading off on another trade mission, this time to Panama and Mexico. Patrick said the goal of the visits is to strengthen existing trade relationships and to build new ones between the emerging economies of Massachusetts and the two countries. 03/10/14



  • How trade has fared with 20 years of NAFTA
    Since NAFTA took effect in January 1994, employment actually has risen by about 25 million across the U.S., with 900,000 more jobs in Arizona. Commercial ties with Mexico and Canada have expanded significantly, highlighted by a threefold increase in bilateral trade between the U.S. and Mexico. 03/01/14



  • Free trade, lower wages drive Mexico's automaking boom
    Mexico is winning thousands of new auto jobs by offering a compelling combination of lower labor costs, a mature supply base and access to transportation that makes it easy to export vehicles to the U.S., South America and Europe. 03/02/14


  • Mayor Garcetti's Mexico-LA Trade Mission Underway
    In his first foreign trip since taking office, Los Angeles Mayor Eric Garcetti's three-day trade mission in Mexico City got underway as he met with Mexican leaders in hopes of strengthening the country's ties to Southern California. 03/04/14


  • Mexico Tourism May Be Making a Comeback
    After tourism plunged in 2009, American traveler rates to Mexico have been steadily climbing each year. But travel agencies in Arizona are noticing a significant increase recently in the number of people traveling south of the border. 03/05/14



  • Mexico to trump Japan as No. 2 car exporter to US
    Mexico is on track to become the United States’ No. 1 source of imported cars by the end of next year, overtaking Japan and Canada in a manufacturing boom that’s turning the auto industry into a bigger source of dollars than money sent home by migrants. 02/22/14


  • Los Angeles trade, tourism delegation to Mexico announced
    Mayor Eric Garcetti will lead a trade and tourism delegation to Mexico City that is set to include a dozen business leaders involved in development and tourism as well as 14 city officials and two state officials. 02/25/14


  • Mexico Boosting China Ties through Trade, Investment, Meade says
    Mexico wants to strengthen ties with China to take advantage of the nation’s growth after the world’s second-largest economy invested more in Central and South America in recent years, according to Mexico’s foreign minister Jose Antonio Meade. Mexico is working to export more tequila and pork to China and attract investment in industries including energy, infrastructure and tourism. 02/28/14


  • Keep NAFTA’s momentum going
    Nearly two decades after Canada, Mexico and the United States created the world’s largest free-trade zone with NAFTA, there are two simple, overarching testimonies to its resounding success. First, much of the rest of the world has scrambled to craft and emulate what we did in North America. They see a good thing and want it for themselves. Second, the past two decades have served as a catapult of momentum for the three NAFTA nations to surge forward and lead the world as they become more economically integrated, wily and potent. 02/22/14



  • Mexico opens up to foreign investment
    Mexico is being touted as a new frontier for Canada’s oil and gas industry as its government opens the energy sector to foreign investment for the first time in more than 70 years. 02/22/14




  • Trade Issues Expected To Dominate Obama's Trip To Mexico
    President Obama traveled to Mexico on Wednesday to meet with his Mexican and Canadian counterparts. The three presidents met to discuss the increased trade among their countries, 20 years since the signing of the North American Free Trade Agreement. 02/19/14


  • Billionaire Fredriksen Forms $1.8 Billion Mexico Rig Venture
    Seadrill Ltd. controlled by Norwegian billionaire John Fredriksen, executed four drilling contracts with Mexico’s state-owned oil company Petroleos Mexicanos as the country opens to foreign investment for the first time in 76 years. 02/18/14


  • Why Sam Zell Loves Mexico
    San Diego’s proximity to Mexico will give the region a key economic boost over the next 20 years as manufacturing south of the border picks up, says Equity Group Investments Chairman Sam Zell. Zell’s group is investing in manufacturing facilities in Mexico, and is also helping to finance a $78-million bridge currently under construction that would connect Otay Mesa to the Tijuana International Airport. 02/13/14


  • Expand trade, improve economy
    After struggling with anemic growth for the last six years, the nation now finds itself with an opportunity to renew its vitality through the most powerful economic elixir: expanded trade. NAFTA helped launch Mexico on a path to strengthen its democratic institutions and progressively open its economy. 02/12/14


  • Mexico could grow 5 percent 'for decades,' says official
    Rapid growth, a manufacturing boom and key industries opening up to foreign involvement put Mexico in a position to be this decade's China in terms of investment opportunity. The Federal Reserve's tapering is a sign of the U.S. economic strength, which will help fuel Mexico's economy, says Mexican Finance Minister Luis Videgaray. 02/10/14


  • Chicago center for Midwesterners with Mexican ties
    A new center opening in Chicago will be a hub for Midwesterners with ties to the central State of Mexico. Casa de Estado de Mexico is for people in the U.S. connected to the central state and seeks to help people with social and legal services, such as processing marriage and birth certificates. 02/10/14


  • Canada-Mexico air travel accord set to boost tourism and business links
    Canada and Mexico are putting new air travel measures in place that should boost tourism and business opportunities between the two countries, says Francisco Suarez, Mexico’s Ambassador to Canada says. Easing restrictions on air travel should increase the number of direct flights between Mexican and Canadian cities, benefiting both tourists and business travellers. 02/10/14


  • Baja plans major 'underwater park' off its coast
    The Rosarito Underwater Park, or Parque Sumarino Rosarito, is the first of its kind in Mexico and created to help in the conservation of marine species while also build a new type of tourism venue off the coast of Baja California with hopes of having 100,000 visitors each year. 02/08/14


  • Mexico Credit Rating Raised After Oil Industry Opened
    Mexico’s credit rating was raised one level to A3 by Moody’s Investors Service, which cited moves to open up the energy industry to foreign investment and broaden sources of tax revenue. 02/05/14


  • NAFTA Twenty Years On
    The political climate in the U.S. is ripe for a new trade agreement as American citizens already recognize the benefits and importance of economic engagement abroad. 02/05/14


  • Spanish official talks trade, economy in Mexico
    Spain's secretary of state for Trade met with high government officials and business leaders to agree upon the subjects to be discussed at the next meeting of the Mexico-Spain Binational Commission. 02/04/14


  • Renewed and Growing Interest in Mexico as a Free Trade Partner
    Twenty years after the North American Free Trade Agreement (NAFTA) went into effect, little interest has been shown until recently by the governments of the signatory countries for reopening the trade pact. A similar agreement between Mexico and the European Union, signed in 1997 and enacted in 2000, is under review and could be expanded. 02/04/14



  • Gold: Mexican Pension Funds Show Interest After Rules Are Eased
    Mexico’s pension funds have showed fresh interest in gold, after the lifting of years of strict investment regulations, according to the World Gold Council. Legislation from 2012 allowed Mexican pension funds to invest in gold and commodities in 2013, and invest more freely in foreign assets. 02/03/14


  • Thinking Growth Markets? Think Mexico, Again
    A look at the success behind Mexico’s unexpected banner year in foreign investment, as estimates suggest that foreign investment inflows topped $30 billion, close to an all-time record and the first year over the $30 billion mark since 2007. 01/29/14



  • Mexico attracting investment due to reforms-finance minister
    Mexico is attracting foreign investment thanks to its growth-enhancing reforms, the country's finance minister said, adding that market volatility would subside once investors focus on the economy's good fundamentals. 01/27/14


  • Mexican congressman touts nation’s new energy policies
    Sweeping energy reforms in Mexico should spur more oil drilling in the Eagle Ford Shale south of the border as only three wells have been drilled in this area, a high-ranking Mexican congressman says. 01/24/14