Reuters: Mexico must be ready to "take care" of the battered peso as a U.S. rate hike looms, but U.S. Federal Reserve policy will not be the only factor driving Mexico's rate decisions, Central Bank Governor Agustin Carstens said on Monday.
Carstens leads the Bank of Mexico's five-man board, which is expected to raise its benchmark interest rate from 3 percent next week, when the Federal Reserve is seen tightening borrowing costs for the first time in nearly a decade. Read more.
The MexicoBlog of the Americas Program, a fiscally sponsored program of the Center for Economic and Policy Research (CEPR), is written by Laura Carlsen. I monitor and analyze international press on Mexico, with a focus on security, immigration, human rights and social movements for peace and justice, from a feminist perspective. And sometimes I simply muse.
Showing posts with label U.S. economy. Show all posts
Showing posts with label U.S. economy. Show all posts
May 2, 2013
U.S., Mexico to talk trade barriers during Obama visit
Special for USA TODAY
By David Agren
May 1, 2013
MEXICO CITY — Delivery trucks from Mexico line up early in the morning at the border crossing in Tijuana, where 20 million flat-screen TVs were manufactured last year.
Traffic studies found cargo trucks, even empty ones, wait 90 minutes on average to cross into the USA as U.S. Customs agents check vehicles for contraband, and then spend at least an hour waiting to get back into Tijuana.
"Trucks that are a critical element of a competitive supply chain may spend three to four hours waiting in line during a day," says Kenn Morris, president of the Crossborder Group, a San Diego consultancy, which commissioned the traffic studies. "These kinds of delays are both too typical and really strangle border economies … and put more barriers between what should be two strong economic partners."
Improving on the way goods flow from Mexico to the USA is what President Enrique Peña Nieto intends to emphasize Thursday when President Obama visits Mexico City. Read more.
By David Agren
May 1, 2013
MEXICO CITY — Delivery trucks from Mexico line up early in the morning at the border crossing in Tijuana, where 20 million flat-screen TVs were manufactured last year.
Traffic studies found cargo trucks, even empty ones, wait 90 minutes on average to cross into the USA as U.S. Customs agents check vehicles for contraband, and then spend at least an hour waiting to get back into Tijuana.
"Trucks that are a critical element of a competitive supply chain may spend three to four hours waiting in line during a day," says Kenn Morris, president of the Crossborder Group, a San Diego consultancy, which commissioned the traffic studies. "These kinds of delays are both too typical and really strangle border economies … and put more barriers between what should be two strong economic partners."
Improving on the way goods flow from Mexico to the USA is what President Enrique Peña Nieto intends to emphasize Thursday when President Obama visits Mexico City. Read more.
Feb 3, 2013
United States and Mexico Reach Deal on Tomato Imports
The New York Times
Stephanie Storm
February 3, 2013
The United States and Mexico have reached a tentative agreement on cross-border trade in tomatoes, narrowly averting a trade war that threatened to engulf a broad swath of American businesses.
The agreement, reached late Saturday, raises the minimum price at which Mexican tomatoes can be sold in the United States, aims to strengthen compliance and enforcement and increases the types of tomatoes governed by the bilateral pact to four from one.
“The draft agreement raises reference prices substantially, in some cases more than double the current reference price for certain products, and accounts for changes that have occurred in the tomato market since the signing of the original agreement,” Francisco Sánchez, undersecretary of commerce for international trade, said in a statement.
The agreement will be open for public comment until Feb. 11. The Commerce Department estimated it would go into effect March 4. Read more.
Stephanie Storm
February 3, 2013
The United States and Mexico have reached a tentative agreement on cross-border trade in tomatoes, narrowly averting a trade war that threatened to engulf a broad swath of American businesses.
The agreement, reached late Saturday, raises the minimum price at which Mexican tomatoes can be sold in the United States, aims to strengthen compliance and enforcement and increases the types of tomatoes governed by the bilateral pact to four from one.
“The draft agreement raises reference prices substantially, in some cases more than double the current reference price for certain products, and accounts for changes that have occurred in the tomato market since the signing of the original agreement,” Francisco Sánchez, undersecretary of commerce for international trade, said in a statement.
The agreement will be open for public comment until Feb. 11. The Commerce Department estimated it would go into effect March 4. Read more.
Jun 19, 2012
U.S. Border States Have Stake In Mexico's Election
NPR: Mexicans go to the polls July 1 to elect their next president, but it isn't just Mexicans who are interested in the outcome. For Americans living along the border, the future of Mexico affects their bottom line.
Transcript
STEVE INSKEEP, HOST: In southern Texas and in Arizona, people are paying a lot of attention to the presidential election - Mexico's presidential election. From member station KJZZ, Peter O'Dowd explains why millions of Americans are awaiting July 1st, Mexico's election day.
PETER O'DOWD, BYLINE: Stand on the edge of this unfinished railroad bridge outside of Brownsville, Texas, and you can see across the Rio Grande into Mexico. It's the first bridge of its kind to connect the countries in a century. And for businessman John Wood, it's a symbol of the way lives connect along the border. Read more.
Transcript
STEVE INSKEEP, HOST: In southern Texas and in Arizona, people are paying a lot of attention to the presidential election - Mexico's presidential election. From member station KJZZ, Peter O'Dowd explains why millions of Americans are awaiting July 1st, Mexico's election day.
PETER O'DOWD, BYLINE: Stand on the edge of this unfinished railroad bridge outside of Brownsville, Texas, and you can see across the Rio Grande into Mexico. It's the first bridge of its kind to connect the countries in a century. And for businessman John Wood, it's a symbol of the way lives connect along the border. Read more.
Feb 29, 2012
Immigration: Mexico's migrants return as the American dream fades
BBC News: "He crossed the river Rio Grande - or Rio Bravo as it's known in Mexico - along the Texas border to work illegally as a construction worker in Nevada.
But when the US economy began to stall with the housing market collapse six years ago, he decided to leave that dream behind. Last January he became the mayor of Chilcuautla, where 80% of the population has a family member in the US.
He represents a new wave of Mexicans who are deciding to return home - though it is unclear whether their homeland is ready to take them all back" read more
But when the US economy began to stall with the housing market collapse six years ago, he decided to leave that dream behind. Last January he became the mayor of Chilcuautla, where 80% of the population has a family member in the US.
He represents a new wave of Mexicans who are deciding to return home - though it is unclear whether their homeland is ready to take them all back" read more
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