IMF sees risks in Mexico reform implementation

MEXICO CITY (Reuters) - Rising U.S. interest rates and hurdles to smooth implementation of economic reforms pose risks to Mexican growth, the International Monetary Fund said on Wednesday.

Mexico's finmin sees recovery, discards impact from unrest

(Reuters) - Mexico's finance minister said Latin America's No. 2 economy is recovering after a weak start to the year and recent social unrest triggered by the disappearance of 43 students had yet to hit growth.

Mexico's Carstens sees rapid decline in inflation next year

(Reuters) - Mexico's central bank chief Agustin Carstens said on Sunday that he sees inflation heading quickly toward policymakers' target rate of 3 percent next year.

Mexico's Banorte 3rd-qtr net profit rises 15 pct on year

MEXICO CITY, Oct 23 (Reuters) - Grupo Financiero Banorte, Mexico's fourth-largest bank by assets, said on Thursday its third-quarter net profit rose 15 percent from the same period last year, mostly as a result of its increased stake in a pensions and insurance unit.

Mexico revises 2013 GDP growth up to 1.4 percent on financial sector

(Reuters) - Mexico's economy grew at a rate of 1.4 percent in 2013, according to an upwardly revised estimate of the country's gross domestic product (GDP) reported by national statistics agency INEGI on Friday.

Mexico early June annual inflation rises to 3-month high

MEXICO CITY, June 24 (Reuters) - Mexican annual inflation rose in early June for the first time in five months but stayed within the central bank's tolerance zone, backing bets for steady interest rates ahead.

Mexico manufacturing sentiment ticks up in May

(Reuters) - Mexico's manufacturing sector sentiment edged up in May, rising for a second month in a row off a five-month low, on improving new orders and employment even as output dipped amid a sluggish economic recovery.

Mexico cuts economic growth forecast after weak 1st quarter

(Reuters) - Mexico's economy grew less than expected in the first quarter due to weak domestic demand and sluggish industrial activity, prompting the government to slash its growth outlook to below three percent for 2014.

Mexico's Economy Remains Weak in First Quarter

MEXICO CITY--Mexico's economy remained weak in the first quarter as the economic slowdown in the U.S. weighed on the country's vital export engine and the impact of new taxes hit domestic demand.

Mexico growth picking up, inflation behaving - Carstens

MEXICO CITY, April 3 (Reuters) - Mexico's economy is pulling out of a soft patch while inflation will head back towards 3 percent over the next 18 months, Central Bank Governor Agustin Carstens said on Thursday.

Mexican growth to pick up 'more clearly' in second-half: Sanchez

(Reuters) - Mexico's economy should rebound more clearly in the second half of the year as growth picks up for top trade partner the United States, a central bank deputy governor said on Tuesday.

Mexico auto production, exports rise in 2013-AMIA

MEXICO CITY, Jan 8 (Reuters) - Mexican auto production rose by 1.7 percent and exports jumped by 2.9 percent last year, the Mexican Auto Industry Association (AMIA) said on Wednesday.

Mexico floods will not affect proposed 2013, 2014 budget deficits -government

MEXICO CITY (Reuters) - Mexico's proposed budget deficit goals for this year and 2014 will not be affected by some of the worst storm damage in decades, the Finance Ministry said on Saturday.

Mexico moving to grow trade ties with Asia

PLAYA DEL CARMEN, Mexico (Reuters) - Asia could become twice as important to Mexico as an export market over the next five years as the country strengthens trade ties with the fast-growing economies of the region, Mexican Economy Minister Ildefonso Guajardo said on Monday.

Latin America's Second Biggest Economy Posts Slim Growth in Q1

MEXICO CITY -- Amid a drop in industrial activity, Mexico's economy grew 0.8% in the first quarter compared to a year earlier, official figures showed Friday.

Mexico's Economy Likely Lost Some Steam in Fourth Quarter

MEXICO CITY--Mexico's economy likely lost some steam in the fourth quarter as the export-engine of Latin America's second-largest economy continued suffering from weak demand north of the border.

Analysis: Job challenge looms for next Mexican president

MEXICO CITY (Reuters) - In a country beset with drugs wars and a massive underground economy, Mexico's president-elect faces a tall order to stem the drift of young people into organized crime and off-the-books work: create jobs, lots of them.

Mexico loses $872B in 40 years

Mexico's economy lost a staggering $872 billion dollars over a 40-year period to tax evasion, corruption and crime that included drug, arms and human trafficking, according to a new study by Global Financial Integrity.

Maybe you should ditch the Mexico ETF for just two of its stocks

Mexico's economy is growing at an estimated rate of 4.6% a year -- faster than just about any other Latin market you'll find a specialized ETF for.

Global Insider: China-Mexico Trade Relations

Mexico's economy minister sent China a formal letter last month expressing concern over unfair trade practices used by certain Chinese firms to avoid customs duties. In an email interview, Rhys Jenkins, a specialist in China's trade relations with Latin America at the University of East Anglia, discussed the trade relationship between China and Mexico.


WPR: What is the history of China-Mexico trade ties?

Rhys Jenkins: Trade between Mexico and China has grown spectacularly over the past decade from a little more than $3 billion in 2000 to almost $50 billion in 2010. The trade balance, however, has been massively in favor of China, with the value of Mexican imports running at 10 times that of exports to China, according to Mexican figures. China reports a much smaller trade surplus with Mexico, and the picture is confused by "triangulation," where goods pass through third countries, particularly the U.S. There is no doubt, though, that Mexico does register a large trade deficit with China since it has not developed significant exports to China, unlike some of the major South American countries.

WPR: What is the source of the current trade dispute between Mexico and China?

Jenkins: Trade conflicts between Mexico and China go back at least a decade. When China applied to join the World Trade Organization (WTO), Mexico was the last country to give its approval, in 2001. Mexican concerns were twofold: first, that the guaranteed access to the U.S. market that the WTO would give China would have a negative effect on Mexican exports to the north and, second, that Chinese imports would flood the Mexican domestic market. There was little that the Mexican government could do to prevent China's access to the U.S. market, and in 2003 Chinese exports to the U.S. exceeded those of Mexico for the first time. In order to reduce the impact of Chinese competition on the domestic market, Mexico insisted on arrangements that enabled it to maintain tariffs of between 100 percent and 1,100 percent on a range of Chinese imports for seven years as a condition for agreeing to China's WTO accession. When these arrangements were due to expire in 2008, the two countries agreed on a transition period that gave Mexican producers a further three years to adjust before restrictions are finally removed. These are due to end in December of this year.

The Mexican government has serious concerns over the large and growing bilateral trade deficit with China. Mexican manufacturers in a range of industries have long complained of unfair competition from Chinese imports. They claim that Chinese goods enter the market as contraband and that they avoid paying the appropriate import duties by underinvoicing or misclassifying goods, or by shipping them through third countries. China has been the main target for anti-dumping actions taken by Mexico at the WTO, accounting for 29 out of a total of 99 cases initiated since 1995.

WPR: What are the regional implications of Mexico's tough trade stance toward China?

Jenkins: Although other large Latin American countries such as Brazil and Argentina do not have such acute economic tensions with China, since their booming commodity exports have meant that they have not experienced large trade deficits, increased penetration of Chinese goods have nonetheless led to similar calls for protection from industrialists. China has been a principal target for anti-dumping actions in these countries too.

Source: www.worldpoliticsreview.com