The new North American free trade agreement that came into effect on July 1 was touted by US president Donald Trump as an engine of American job creation. But Japan's automakers are largely opting instead to keep their Mexican operations in place and pay their workers more.
As Mexico begins its second month of the 'new normality,' the number of coronaviruse cases in the interior of the republic continues to grow. The latest Covid-19 Risk Traffic Light Map shows 7 states that were orange last week returning to red this week due to an increase in infections.
Aeromexico has filed for Chapter 11 bankruptcy in the U.S. to implement a financial restructuring amid the ongoing Covid-19 pandemic. This legal process will not interrupt the operations of Mexico's largest airline; all tickets, reservations and bonus points will be honored.
Jalisco is among the 18 states that moved from maximum risk to high risk on the federal government's 'stoplight' map last week, which means that as of June 29, more coronavirus restrictions were eased with the gradual reopening of certain businesses and public spaces.
Despite the global economic crisis generated by the pandemic, foreign direct investment has not stopped reaching the state of Jalisco and the expectation is to at least reach the same amount that it registered in 2019, according to the head of the Ministry of Economic Development.
The Bank of Mexico will issue a completely redesigned 1,000-peso banknote later this year. The Mexican Revolution will be the bill's central theme, with depictions of three revolutionary activists on the front, and images from the jungle, including a jaguar, on the back.
The head of the Ministry of Foreign Affairs (SRE), Marcelo Ebrard, on Wednesday announced that Mexico is among the countries that have been selected as non-permanent members of the United Nations Security Council for the committee's 2021-2022 term.
The Ministry of Foreign Relations announced that the governments of Mexico and the United States extended the restrictions on non-essential land traffic on their common border until July 21, due to the continued spread of COVID-19 in both countries.
With Jalisco's economic reactivation progressing into Governor Enrique Alfaro's new 'Individual Responsibility' Phase, around 80% of the state's workforce will soon return to their jobs. As of today, Jalisco hotels, beaches, malls and churches have been given the green light for gradual reopening.
Last night, via his social networks, Jalisco Governor Enrique Alfaro Ramírez said that due to the increasing number of COVID cases in the state caused by relaxed health measures, 'we are not in a position to move into Phase 1 of the Economic Reactivation Plan.'