En Español – Latin American countries are working on large-scale transport infrastructure projects – The Bioceanic Corridor will link Brazil’s Atlantic coast with Chile’s Pacific ports – Projects are expected to close the infrastructure gap and bolster international trade – The transport links will also improve economic opportunities in underdeveloped areas As Latin America…
In this Global Platform video, Omar Fayad, governor of Hidalgo, talks about the state’s economic diversification strategy, which has involved comprehensive legislative reform, the promotion of public-private partnerships and an expansion of its sources of foreign investment. The government of Hidalgo has worked to improve the business ecosystem by prioritising the digitalisation of administrative
The petrochemicals and logistics sectors have been some of the most exposed industries in Latin America and across the world during the past 13 months. Both critical to the region’s economies, they faced substantial headwinds in the early months of the pandemic, such as closed borders and strict measures on industrial operations. For petrochemicals and chemical firms, the immediate impact has been…
En Español While the Covid-19 pandemic has broken 720,000 cases and led to almost 34,000 deaths globally as of 29March, Mexico – which has the world’s 10th-largest population, at 127m – has reported 993cases and 20deaths. To date the country’s response has been one of tempered caution. Domestic and international flights continue to operate, albeit less regularly,…
Interview:Aby Lijtszain Chernizky How important is the logistics sector to corporate strategy, and what developments in infrastructure can improve efficiency and productivity? ABY LIJTSZAIN: The logistics and transport industry is important to many companies in Mexico. Consumer goods companies, for example, have increased activity since improvements were made to delivery timing and network…
Interview:José Zozaya How competitive and efficient are Mexico’s railroads compared to those in the US and Canada? JOSÉ ZOZAYA: According to an OECD study on the global railway industry, Mexico’s network is one of the most efficient in Latin America. It represents a key element for competitiveness and economic growth by connecting the most important logistics centres in the country with…
Both the current and previous administrations have shown a commitment to updating and expanding the capacity of the transport system. Nevertheless the country is facing increasing overcapacity at its ports, rural roads remain unpaved and developers are struggling to find suitable locations for new warehouses. Certain segments face specific challenges, notably in terms of security concerns for road…
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. The country hosts production plants from nine major international automakers, manufacturing passenger vehicles, light and heavy tractors and trucks, in addition to plastic, aluminium and steel component. The country is also steadily emerging…
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…
Mexico’s transport and logistics system is of vital importance for its economic development, transporting inputs to the country’s manufacturing centres and consumer goods to its major cities, and carrying exports to the US and other trading partners. While investors have faced some uncertainty, notably in the aviation segment following the 2018 cancellation of the planned international airport…