Author: Staff

Energy reform strengthens NAFTA, U.S. partnership | The Miami Herald

Twenty years ago, Canada, Mexico and the United States joined in the North American Free Trade Agreement. NAFTA helped transform Mexico into the leading exporting economy that it is today.By embracing NAFTA as a launching pad to take advantage of its strategic location bordering the world’s largest market, Mexico was able to increase sevenfold its exports. Every minute, Mexico sells $1 million worth of goods to the United States, almost 90 percent being sophisticated manufactured products and other non-oil exports.Besides its determinant impact on Mexico’s economic development, NAFTA has been the main impulse to North American competitiveness and integration,...

Read More

In praise of Mexico’s moment – CSMonitor.com

Scan the globe for a country that is the most active in improving its identity and reputation and one might easily pick Mexico. Since 2012, when the three major political parties joined hands in a stunning agreement on change, 11 major reforms are now on the books. The practical impact may take time. But at least the country has made these conceptual leaps:via In praise of Mexico’s moment –...

Read More

A 20 años de TLCAN, ¿qué sigue para México? | Alto Nivel

Cambiar el “Hecho en México”, “Made in the USA” o “Fabrique au Canada” por el “Hecho en América del Norte” o “Made in North America” es una de las posibles consecuencias que tendrá la integración, cada vez más profunda, de las tres economías y sus cadenas de producción.Con una cuarta parte del Producto Interno Bruto (PIB) mundial y un mercado de 475 millones de personas, Norteamérica es una región en donde gracias al Tratado de Libre Comercio (TLCAN) se produce un intercambio comercial de más de 100 millones de dólares (mdd) cada hora.La fabricación de un producto tan complejo como el avión Learjet...

Read More

The US Shale Experience: A Script for Mexico?

The ongoing energy reform in Mexico has been touted as opening the possibilities for a massive production increase from shale formations in the Burgos and Sabinas basins, largely because the assessments of technically recoverable resources reported by the US Energy Information Administration are so substantial. But, we should be careful not to put the proverbial “cart in front of the horse.” Specifically, as the US success story shows, although the geology (the cart in this case) might be very promising, there are a number of above ground issues (the horse) that must be aligned for large-scale successes to be...

Read More

Lozoya drags Pemex from its solitude – FT.com

Emilio Lozoya, the turnround champion charged with transforming hulking oil monopoly Pemex into a nimble 21st century competitor in Mexico’s newly liberalised energy sector, seems barely able to believe it himself.Such was the inefficiency at Pemex, which looms as large over the country as its 48-floor tower does over the Mexico City skyline, the company used to have 100 separate buying offices. Mr Lozoya, Pemex CEO, rolls his eyes.He has scrapped them, saving as much as $600m since January, and this week he expects to get a new board, enabling him to move his corporate revamp plan up a...

Read More