Archive | Mexico

  • Trump seems to be trying to break up NAFTA

    A possibly unscripted February 13 remark by Donald Trump might indicate he wants to break up NAFTA, not merely renegotiate it.

  • Wave of Mexican protectionism hits US retailers north and south of Border

    A wave of resentment at Donald Trump has led to a range of anti-American actions in Mexico, from boycotting Starbucks and encouraging the use of Mexican ingredients to discouraging cross-border shopping truips to US border towns.

  • Mexico begins 90 day consultation period over NAFTA renegotiaton

    Mexico expects formal talks to begin in May

  • EU and Mexico agree accelerated timetable for upgrading trade deal

    The EU and Mexico announced on February 1 an “accelerated timetable” to upgrade their current free trade deal.  Though two more rounds of talks were planned for the first half of 2017, no date has been offered for agreement or for ratifying any ensuing deal.

  • Trump’s victory certainly doesn’t increase trading uncertainty.

    Practically every observer thought Hillary Clinton would win the US Presidential election this morning. Most went on to predict her mild hostility to further trade liberalisation meant the short-term prospects for global trade would be looking uncertain by now.
    Donald Trump, though, has been consistent and unambiguous about his trade policy.

  • Are apparel prices really rising?

    Just about every apparel industry commentator on the planet is constantly going on about rising cost prices. But do any of them look at what buyers are paying?

  • Europeans review their trade arrangements

    EU announces review of extending its Customs Union with Turkey – but won’t let Turkey into negotiations on TTIP (which Turkey wants to join). It says it will upgrade its free trade deal with Mexico to match its deal with Canada and TTIP – but Americans and some European politicians stay sniffy about its Trade Commissioners’s views on TTIP.

  • Mexican textile and apparel import restrictions start becoming effective from February

    Mexico’s new restrictions on apparel and textile imports, summarised here in mid-January,  began coming into effect from February 1.

  • Mexico announces details of import licensing programmes for footwear

    Mexico imposed a new automatic import licensing system for footwear imports on January 19.

  • Mexico launches aid package for textile industry

    The Mexican government launched an aid package for the country’s textile industry on December 3.

  • Mexicans claim to bust duty scam. A trivial one, if trade lobbyists’ traditional fraud claims are reliable

    Mexican authorities claimed on October 23 to have “dismantled a tax-evasion ring” involving an estimated 500 million pesos ($37.5 mn) in unpaid tariffs and import fees.

  • Parkdale assumes 100% control of Mexican spinning jv

    Parkdale Mills announced on September 26 it had acquired from International Textile Group (ITG)  its 50% of the Summit Yarns mill, in Mexico’s Morales state, and would begin an expansion programme there.

  • Colombian textile businesses cut losses

    Fabricato will close its Fibratolima plant in Ibague by the end of October and relocate production to  Antioquia, where it is headquartered.  This follows closing operations  in Venezuela, Peru, Mexico, and Ecuador  in May.

  • Mexico brings forward plans to refund maquiladora VAT

    From July 1. Thus meeting repayment targets 6 months earlier than originally envisaged

  • Mexico starts limiting damage likely from VAT increase

    …by explaining how maquilas can get refunds