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Ricardo González Orta, Partner, Deloitte México: Viewpoint
OBG
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Viewpoint:Ricardo González Orta Economic growth and tackling poverty are two of the most important challenges the government faces. In this regard, the National Development Plan 2019-24 contains three broad priority areas: strengthening the rule of law; ensuring the well-being of the population; and fostering economic development. The plan also addresses three issues that will be prioritised…
Viewpoint

César Maillard Canudas, Managing Partner, Maillard, Cerbón, Canudas: Viewpoint
OBG
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Viewpoint:César Maillard Canudas In May 2019 regulations were published in the Federal Official Gazette that were the legal implementation of the constitutional reforms related to labour justice. They reflect commitments to global standards such as the International Labour Organisation’s conventions on association and collective bargaining, as well as provisions related to these principles…
Analysis

Mexico positions itself as global centre for aerospace production

Posted OBG AdminPosted in Uncategorized

With aviation export growth averaging 15% per year between 2008 and 2018, Mexico is steadily emerging as an important regional and international player in the aerospace industry. Demand for commercial aircraft is expected to double globally by 2035, according to research from aircraft giant Boeing, and the country is well situated to leverage its position to increase domestic and foreign investment…
Analysis

New automotive clusters established in the state of San Luis Potosí

Posted OBG AdminPosted in Uncategorized

San Luis Potosí’s automotive manufacturing industry has had a notable impact on the economy, generating 8% of its GDP and dominating the state’s several sprawling industrial parks. The first automotive company entered the state in 1968 and in the years since, the number of such companies with operations in San Luis Potosí have increased rapidly. In 2006, 83 automotive companies were active in…
Analysis

Production of key precious and industrial metals set to expand in Mexico

Posted OBG AdminPosted in Uncategorized

The mining sector is one of the longest-operating industries in Mexico, extending back almost 500 years. According to the Mining Chamber of Mexico (Cámara Minera de México, Camimex), the country was the world’s number-one producer of silver, the seventh-largest producer of copper and the ninth-largest producer of gold in 2017, and responsible for 1.7% of the world’s output of mineral ore. However,…
Analysis

Private funds boost the competitiveness of the State of Hidalgo's industry

Posted OBG AdminPosted in Uncategorized

The potential of Hidalgo as an industrial hub is hardly a new discovery, stemming back to the 1950s when the manufacturing city of Fray Bernardino de Sahagún in the southern municipality of Tepeapulco was founded as part of a federal government initiative to house the Mexican automotive producer National Diesel, also known as DINA, and national rail construction company Constructora Nacional de Carros…
Analysis

Improved connectivity attracts logistics parks and terminals to the State of Hidalgo

Posted OBG AdminPosted in Uncategorized

With the state capital, Pachuca, just 90 km north of Mexico City, Hidalgo’s location has long been a draw for investment. Economic growth in the country’s capital has attracted even more attention to the central state as it is the only flat territory that Mexico City and its suburbs can expand to. Its strategic location has brought transport and logistics infrastructure, as well as investment.…
Analysis

The State of Hidalgo boosts funding for small and medium-sized enterprises

Posted OBG AdminPosted in Uncategorized

According to an OECD statement delivered in May 2019, SMEs will play a key role in the economic development of Hidalgo. The organisation suggested that the state should look to create “a more strategic vision to integrate local programmes with funding and leverage the National Entrepreneur Fund”. The fund, however, no longer exists; it was created in 2013 as an initiative of the National Institute…
Analysis

The State of Hidalgo proves attractive to pharmaceutical and chemical firms

Posted OBG AdminPosted in Uncategorized

Compared to three other sectors selected as strategic by Hidalgo’s state government, the chemical-pharmaceuticals sector has additional room to grow in terms of the aggregate amount of investment that has arrived during the tenure of this administration. According to figures from Hidalgo’s Secretariat of Economic Development (Secretaría de Desarrollo Económico, SEDECO), the sector has seen MXN452m…
Analysis

The State of Hidalgo focuses on attracting investment to encourage inclusive growth

Posted OBG AdminPosted in Uncategorized

In 2006 local conglomerate Grupo UNNE and Hong Kong-headquartered Hutchison Ports signed a strategic alliance to build the Intermodal Logistics Terminal of Hidalgo (TILH) in Tula, in the west of the state. Francisco Orozco, commercial director for Mexico at Hutchinson Ports, told OBG that the agreement envisioned “the terminal of the future”. The TILH became the only intermodal logistics terminal…