Posts in Featured Articles
The First Consortium of Additive Manufacturing in Mexico is Born in Queretaro
Additive Manufacturing in Mexico gains in popularity A consortium for additive manufacturing in Mexico, also known as 3-D printing, has been formed with a capital investment of US $13.5 million in the South-Central state of Queretaro. This marks the first time that Mexican manufacturers will have access to machines that will allow them to perform […]
What Would Happen if Mexico Were to Leave the NAFTA?
Contrary to what many may believe, there would be no economic disaster if Mexico were to leave the NAFTA. It can be argued that, in terms of increased foreign trade, Mexico has been the country that has most benefited from the North American Free Trade Agreement. Since the accord went into effect in 1994, its […]
Mexican Shelter Companies Help Manufacturers to Bridge the Cultural Divide
Over the last several decades, Mexico has become the low-cost manufacturing venue of choice for US and global manufacturers seeking to access North American markets. Although Mexico City, Guadalajara, and Monterrey constitute the nation’s main economic engines for growth, Mexican shelter companies have helped many hundreds of manufacturers set up operations in many cities and […]
The US Strains Commercial Relations with Mexico by Imposing Tariffs on Steel and Aluminum
On May 31, 2018, US Secretary of Commerce Wilbur Ross announced the levying of a 25% tariff on steel imported from Mexico, Canada, and the European Union, as well as a 10% tax on aluminum imports from the same countries. This move strains commercial relations with Mexico, as well as with other major trading partners. […]
Mexico Shelter Services Provider Promotes From Within
The Tecma Group, a Mexico Shelter Services Provider, Expands It’s Leadership Team With New Promotions Founder K. Alan Russell to be named Chairman and CEO; longtime employees Mark Earley and Jose Grajeda to become President and COO (EL PASO, Texas) – Today, the Tecma Group of Companies, a Mexico Shelter Services Provider headquartered in El Paso, […]
EU-Mexico Free Trade Agreement is Updated
The EU-Mexico Free Trade Agreement that was signed in 1997 has been updated recently to reflect a commitment to expanded trade between the European Union and Mexico. The announcement of the updated trade accord between two economic partners was made on April 21, 2018. The new EU-Mexico Free Trade Agreement (FTA) is important for Mexico […]
Five Requirements for Importing Goods into Mexico
In order to be successful, companies that manufacture within the borders of Latin America’s second-largest economy must be knowledgeable regarding the requirements for importing goods into Mexico. Although much has been done in recent years to simplify the process, those that are importing goods into Mexico must know the applicable rule in order to avoid […]
Former Military Commanders Endorse the NAFTA
Former commanders of the U.S. Northern and Southern Commands endorse continued participation in the NAFTA by citing the importance of the agreement to the nation’s national security. Read the text of the message below: The Honorable Donald J. Trump The White House 1600 Pennsylvania Avenue, NW Washington, DC 20500 Letter to President Trump on NAFTA […]
Six out of Ten Vehicles Manufactured in Mexico are Trucks and SUVs
The change in demand for light vehicles manufactured in Mexico is leading the country’s automakers to produce more trucks and SUVs for the US market. Last January, Fiat Chrysler Automobiles (FCA) announced that it will move its production of pick-ups from Mexico to the United States. This move appears to be the result of the […]
NAFTA In Motion: One vision. One mission. One North America.
Alan Russell Selected as Guest Speaker Alan Russell, Co-Founder of the Tecma Group of Companies was invited to be a guest speaker at the MexicoNow event in El Paso, Texas. An audience of over 500 interested listeners heard Alan describe NAFTA and taxation issues. The video plays for 30 minutes and is a valuable view […]
NAFTA Negotiations Update Reveals Possible Fast-Track Effort
NAFTA Negotiations Update As of February 25, 2018 negotiations on NAFTA are underway in Mexico City. The world is watching as decisions made will affect companies doing business in Mexico. As a preview of our findings in this NAFTA Negotiations Update we believe there will be some changes that will be small improvements for some […]
Mexico Shelter Company in the Bajio
There are several reasons that foreign companies choose to set up manufacturing operations through a Mexico shelter company in the Bajio. In a world of specialization, it makes more sense for smaller manufacturing operations to focus on what they do best, produce product, instead of investing in industrial buildings, international attorneys’ fees services, accountants and […]
Manufacturing in the Bajio
Before the 1980s, manufacturing in the Bajio represented one-fifth of the regional economy, while the share of GDP now stands at 26 percent in the states of Querétaro, Guanajuato, San Luis Potosí and Jalisco. In recent years, the economy comprised of firms manufacturing in the Bajío has been characterized by economic growth that has exceeded […]
Maquiladoras in Mexico Move Towards Advanced Manufacturing
Skilled Human Resources are Critical to the Growth of Maquiladoras in Mexico. In the last thirty years, Mexico has been transformed from what was a mostly closed and government-controlled economy to one that today is among the world’s most open and export driven. Over this period of time, the maquiladoras in Mexico have greatly contributed […]
NAFTA Renegotiations and Elections May Conflict
NAFTA Renegotiations and Elections May Conflict The issue of NAFTA renegotiations and how they will be affected by elections in both Mexico and the United States is attracting much attention as 2017 comes to an end. Trade experts and politicians alike agree that it will not be possible for NAFTA renegotiations and elections to run […]
NAFTA Collapse Does Not Reverse Manufacturing Migration
Even a NAFTA Collapse Won’t Keep Companies From Moving to Mexico As NAFTA Negotiations continue on into November the world is anxiously watching progress with some leaders voicing concerns about a NAFTA collapse. If the parties choose to walk away and cancel the North American Free Trade Agreement just what would be the effect? Thomas […]
Mexican Automotive Exports Are Central to Mexico’s Economy
Mexican Automotive Exports Are Central to Mexico’s Economy At the close of 2015, the Mexican automotive industry created almost 900,000 direct jobs. Ten percent of this number worked in the manufacture of trucks and vehicles, while the remaining 90% labored in the production of auto parts. Mexico is now the world’s 7th largest producer of […]
NAFTA Trade Talks Will Continue into 2018
NAFTA Trade Talks Will Continue into 2018 At the conclusion of the recent fourth round of negotiations, the three parties involved in the NAFTA trade talks communicated that their joint efforts to update the pact will in all probability continue into the first quarter of 2018. The goal that they have set for themselves is […]
The United States’ Trade Deficit with Mexico
THE UNITED STATES’ TRADE DEFICIT WITH MEXICO This past July, one month prior to the beginning of the renegotiation of the NAFTA with Canada and Mexico, The United States published a list of the priorities that would guide its negotiators during the process of deliberations. One of the primary goals that the US would seek […]
Renegotiating NAFTA: A View from the Mexican Side
Renegotiating NAFTA: A View from the Mexican Side This year marks the twenty-third in which the North American Free Trade Agreement governs tri-lateral trade between North American neighbors Mexico, the United States and Canada. At this point in time, renegotiating NAFTA is a priority for each. Since the accord came into effect in 1994, the […]