COAHUILA – More than US$2.5 billion is the total amount generated by the 48 investment projects that are confirmed so far in the state administration, which make Coahuila the national champion in attracting investment, reported governor of Coahuila, Miguel Riquelme.

This number, added the state governor, allowed the entity to be placed at the closure of 2018 as number one in Foreign Direct Investment per capita (FDI per capita), according to Secretaría de Economía federal, and as the third entity in total Foreign Direct Investment, only below Mexico City and Nuevo Leon.

Riquelme indicated that the 48 investment projects confirmed will generate more than 18,000 jobs, which will be added to the 48,000 created in 2018.

In addition, he assured that as a result of the coordinated work that since the beginning of the Administration is carried out in terms of economic development and employment generation, Coahuila currently has 82 total investment projects: the 48 mentioned above and 34 that are in process.

Source: El Diario de Coahuila

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  ["core_title"]=>
  string(59) " Refrigerators investment to increase Sonora-Arizona trade "
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Arizona Governor Doug Ducey presented a 2020 budget proposal of US$700,000, which would improve refrigerated capacity at international customs between Sonora and Arizona to increase international trade.

In social networks, the president of Arizona said that "Arizona is open to business, and we have investment proposals to bring more trade through the Mariposa checkpoint in Nogales.

The Governor's Office said that the expenses would attract new imports to the international port, and the Fresh Produce Association of the Americas (FPAA) based in Nogales.

The group of investors said in a statement that the investment would help the state to add jobs and increase its tax base.

FPAA president, Lance Jungmeyer, assured last fall to supervisors in Santa Cruz County, Arizona, that 4 prefabricated cold storage units would cost between US$800,000 and US$1 million.

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Refrigerators investment to increase Sonora-Arizona trade
Arizona Governor Doug Ducey presented a 2020 budget proposal of US$700,000, which would improve refrigerated capacity at international customs between...
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  string(19) "2019-04-05 17:12:52"
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  string(67) "3 million jobs threatened by potential U.S.-Mexico border shutdown "
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US – A border shutdown such as the one U.S. President Donald Trump has threatened to impose could seriously affect trade between Mexico and the United States, greatly harming Mexico’s maquila industry, upon which more than 3 million jobs depend, as well as US$195 billion in annual exports.

According to the U.S. Chamber of Commerce, bilateral trade amounts to US$1.7 billion per day.

Furthermore, the food sector would also be at risk of losing US$127 million a day in avocado, tomato, beer, corn, and meat exports, according to experts.

Commercial relations between Mexico and the United States showed a trade value of US$527 billion in 2018, out of which US$328 billion resulted from Mexican exports while imports rose to nearly US$199 billion, according to the Ministry of Economy.

Luis Aguirre, president of Consejo Nacional de la Industria Maquiladora y Manufacturera de Exportación (index), Jorge Torres, president of American Chamber of Commerce in Mexico and Ignacio Martinez, coordinator of the Commerce, Economy, and Business Laboratory at Universidad Nacional Autónoma de México (UNAM) expressed their concern about U.S. President Donald Trump´s threat to close the border with Mexico, since numerous companies depends largely on trade with the United States.

Mexican exporters said that they this week they were looking into sending their goods to the United States by air freight to avoid a five-mile-long line of trucks at the border caused by the Trump administration moving federal agents away from customs checks to immigration duties.

Source: El Universal

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3 million jobs threatened by potential U.S.-Mexico border shutdown
US – A border shutdown such as the one U.S. President Donald Trump has threatened to impose could seriously affect trade between Mexico and the Unit...
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  ["core_title"]=>
  string(38) "5,000 jobs have been lost in Matamoros"
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MATAMOROS – The labor conflict in Matamoros, Tamaulipas, which began in January this year, counts 5,000 layoffs.

"At least 5,000 workers have ended their employment relationship, and the rights of each have been respected," said María Estela Chavira Martínez, Minister of Labor of Tamaulipas.

The labor relationship of the workers has ended, through an agreement in Junta Local de Conciliación y Arbitraje, and those that are of federal competence have taken their case to the federal board; in total it is an average of 390 lawsuits.

Chavira Martínez indicated that there are still four companies that went on strike because they demand a 20% wage increase, plus a bonus of US$1,654, known as the 20/32 movement.

"Of the 85 companies (which called a strike), 81 work in a normal way, 4 of them are still in dialogue with some demonstration on the part of the workers, but in short is gaining the strength of the worker and progress has been made thanks to conciliation," said the official.

Source: El Economista

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5,000 jobs have been lost in Matamoros
MATAMOROS – The labor conflict in Matamoros, Tamaulipas, which began in January this year, counts 5,000 layoffs. "At least 5,000 workers have ende...

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