Exports through the Juarez-El Paso region grew by 14.4 % during the first quarter this year, according to the U.S. Census Bureau, Foreign Trade Division. Records show that Mexico exported merchandise valued US$12.8 billion, which is 14.4% more than the US$11.2 billion for the same period in 2015. Imports grew even more in this lapse; the U.S. introduced goods into Mexico worth US$10.9 billion by this region, representing 18.1% more than the US$9.8 billion record during the first trimester in 2015. As a result, trade surplus in Mexico was reduced by 3%, shifting from US$1.95 billion to US$1.89 billion.
Border cities get digital TV signal
The Federal Telecommunications Institute (IFT) ceased the analogue TV signal in Reynosa, Matamoros and Nuevo Laredo. Now, these border cities have fully digital TV signal and at least 18 channels.According to federal officials, at least 90 percent of the population in these cities has a digital TV. The analogue televisions will not receive any signal unless they have a decoder. The Federal Government gave away 120, 589 digital televisions to poor communities in these border cities. Maria Lizarraga Iriarte, an IFT official, said this new digital era will benefit the population because they will have more entertainment options while the reception and audio are enhanced.
Foreign investment in Tijuana reached US$435 million in 2014
Xavier Peniche-Bustamante, Tijuana Secretary of Economic Development, acknowledged that 2014 was a year of great economic challenges but also of opportunities with foreign investment reaching a value of US$435 million.He indicated that this level of investment created 1,000 new jobs according to the Mexican Social Security Institute (IMSS). He also indicated that 48 new manufacturing projects will open for operation in the city.The Secretary stated that 565 manufacturing operations are established in Tijuana with 180,000 workers in five specialized clusters: Aerospace with 8,000 workers, automotive with 18,000, medical devices with 38,000, and electronics with 55,000.
ERO Intermodal Services starts operations in Santa Teresa
ERO Intermodal Services inaugurated its new operation in the Santa Teresa Intermodal Park in New Mexico. The company provides logistics services, container storage and mechanical service for rail-related business and plans to hire 50 employees within the next three years.Ernie Olivas, President of ERO Intermodal Services, said the company invested nearly US$ 1.2 million into the project on acquisition on land, properties and buildings and plans to invest even more in the following years.The company purchased six acres in the Santa Teresa Intermodal Park on which it has established a 6,000-foot parts shop for trailers, as well as a container and equipment yard.
Harlingen and Matamoros signed a sister city agreement
The cities of Harlingen and Matamoros signed a sister city agreement to create direct connections and promote new investments and job creation in both cities. “The cooperative goals in the agreement serve as a written plan or outline to guide decisions and projects,” Harlingen Mayor Chris Boswell said. About 100 leaders and guests from both communities met for the signing at the Harlingen Municipal Auditorium and then traveled to the Lon C. Hill Building at 502 E. Tyler Ave., for a ribbon-cutting ceremony to formally open an office that will serve as a base for the City of Matamoros.