Mexican oil output could return to 2 million barrels per day by about 2022 if the next government pursues plans to auction off development blocs to private investors, Energy Minister Pedro Joaquin Coldwell announced. Mexico will elect a new president on July 1 but the front-runner in opinion polls, leftist Andres Manuel Lopez Obrador, has threatened to delay opening up the energy sector to private investment.Add your comment!
Mexico has announced new tariffs on US products in response to Donald Trump's decision to impose steep duties on imports of steel and aluminum. The list includes whisky, cheese, steel, bourbon, and pork. Analysts say the tariffs are designed to hit US Republican strongholds ahead of mid-term elections in November.
With less than a month before Mexico’s presidential election, more than half of voters support leftist Andres Manuel Lopez Obrador, a survey showed, while they pulled support from the poll leader’s main rival following attacks on his honesty.
The Organization for Economic Cooperation and Development (OECD) announced on Friday that Colombia would be officially invited to join the group. The Paris-based economic organization was founded in 1961 and has traditionally included industrialized nations, though in recent years it has extended its membership to emerging economies.
The number of international tourists to Mexico in the first quarter rose to a record high of 10.6 million, a 12.6% increase year-on-year, said the country's tourism ministry on Sunday.
Sustainable development depends more and more on the successful management of urban growth, especially in low-income and lower-middle-income countries where the pace of urbanization is projected to be the fastest.
The European Union and Mexico reached an agreement on Saturday on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States under President Donald Trump. Since its plans for a trade alliance with the United States were frozen after Trump's election victory, the EU has focused instead on trying to champion open markets and seal accords with other like-minded countries.
Mexico has banned federal institutions and state governments from doing business with Brazilian construction firm Odebrecht for the next 2-1/2 years, and fined the company around US$ 60 million, the government said.
Mexico’s frontrunner has just clocked a new milestone in his race toward the presidency, distancing himself from his rivals by 22 percentage points in a new poll ahead of the July 1 election.
The ministers leading the renegotiation of the North American Free Trade Agreement (NAFTA) could meet again on Thursday in Washington as they push for quick progress, Mexican Economy Minister Ildefonso Guajardo advanced. Guajardo said he had spoken to Canadian Foreign Minister Chrystia Freeland on Monday and would talk to U.S. Trade Representative Robert Lighthizer to see about agreeing a trilateral meeting in Washington on Thursday.