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Analysis

Mexico turns to renewable energy in order to meet growing demand
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Reform has led to new opportunities in Mexico’s energy sector, especially in terms of renewable power generation. The country has launched three auctions for solar and wind projects in recent years, with the first held in early 2016. However, President Andrés Manuel López Obrador – known by his acronym AMLO and who came to office in December 2018 – is not expected to support energy auctions…

Analysis

Development aid and increased security bolsters Mexico's border
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Recent years have seen the number of asylum seekers along the US-Mexico border increasing. A vast majority of people seeking asylum are doing so to escape violence in their home countries, particularly from the Northern Triangle made up of Guatemala, Honduras and El Salvador, but also including small numbers of nationals of African countries, such as Cameroon and Burkina Faso. In August 2019 it was…

Overview

Directory of public and private entities in Mexico
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GOVERNMENT MINISTRIES & AGENCIES Ministry of Agrarian, Territorial & Urban Development +52 55 5624 0000 Ministry of Agriculture & Rural Development +52 55 3871b1000 Ministry of Communications & Transport +52 55 5723 9300 Ministry of Culture +52 55 4155 0200 Ministry of Economy +52 55 5729 9100 Ministry of Energy +52 55 5000 6000 Ministry of Environment & Natural Resources +52…

Overview

Regional integration and multilateral agreements bolster global trade
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Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation (WTO), trade volumes expanded by 3% in 2018 and are expected to decline slightly to 2.6% in 2019 before rebounding to 3% in 2020. This may be the first time since the 2007-08 global financial crisis that growth will fall below a 3% average, as significant…

Overview

Insurance technology taps premium growth potential in emerging markets
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Two of the biggest trends in global insurance in recent years are premium growth in emerging markets and the rising importance of technology across the supply chain. The latter has come to be referred to as insurtech, a potentially disruptive trend that heralds both threats to and opportunities for incumbents and newcomers alike. While technological solutions are being applied along the length of the…

Overview

Hospitality sector evolves to accommodate the growing number of global tourists
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Aided by easier and cheaper travel, global tourism has experienced two decades of almost uninterrupted growth. According to the World Bank, the number of international departures more than doubled between 1997 and 2017, from 687m to 1.57bn per annum. With the global middle class estimated by the US-based think tank Brookings Institution to be expanding by as many as 160m people per year until…

Overview

Mexico's automotive and aerospace industries remain strong amid uncertainty over government policy and trade flows
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Over the last two decades Mexico has consolidated its position as the leading automotive exporter in Latin America and a major player in the industry worldwide. Automobiles are the country’s biggest single export, with the auto industry contributing 4% to GDP in 2018 and representing 20% of total manufacturing output in the country, according to the National Institute of Statistics and Geography…

Overview

Mexico's manufacturing sector readies for Industry 4.0
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A number of factors bode well for Mexico’s industrial sector. Cheap labour costs, proximity to the US market and improving human resources have attracted global firms. Additionally, as trade tensions between the US and China show no signs of abating, multinationals are now looking to move manufacturing to Mexico in order to maintain ties to the US market and avoid additional tariffs. That said, the…

Overview

Support for small and medium-sized enterprises key to sustainable growth in mining
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Small and medium-sized enterprises (SMEs) are the engines of global economic growth and employment, accounting for an average of 33% of GDP and 45% of the workforce in high-income countries, and over 60% of GDP and 70% of employment in developing economies. In the case of the latter, the rise in the number of SMEs has been crucial to economic diversification and resilience, particularly in countries…

Overview

The State of San Luis Potosí helps to propel growth across Mexico
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The state of San Luis Potosí has played a pivotal role at numerous junctures in Mexico’s rich and diverse history. The land marked a crossroads between different cultural regions – Mesoamerica and Aridoamerica – and was home to a number of tribes, such as the Otomi and Chichimeca, for millennia. Like many regional groups, their religion and culture were characterised by the worship of celestial…