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Update 2-mexico 2013 Auto Output, Exports Hit Records For 4th Year -amia

"Mexico again reaches a record figure and again wins eighth place among world vehicle manufacturers," Eduardo Solis, president of AMIA, told a press conference. He added that Mexico was the world's fourth-biggest auto exporter. Still, auto production missed initial expectations for 2.95 to 3 million units last year. Solis on Wednesday declined to offer projections for 2014. Sales last year to the United States, Mexico's No. 1 trading partner, rose 9.5 percent to 1,646,950 autos. Exports to Canada rose 21.7 percent to 194,851 units last year, making up for a 16 percent drop in sales to Latin America, which numbered just 307,581 units.
More: David http://www.reuters.com/article/2014/01/08/mexico-autos-idUSL2N0KI17M20140108

NAFTA And The Future Of Canada, Mexico And The United States

It also remains the worlds overwhelmingly dominant military power. But Washington has also begun adopting a more nuanced (and cost-effective) foreign policy that shies away from direct entanglement in favor of creating balances of power to stabilize strategic regions of the world, particularly the Middle East, which has consumed U.S. attention for much of the past decade. It remains a near certainty that the United States will continue to dominate the global system for the foreseeable future, a position that will benefit its two neighbors as they continue to be tightly integrated with the American economy. But while the United States continued global pre-eminence is a key provider of stability for North America, one must look south for the continents source of dynamism in the decades ahead. Mexicos Bright Future Mexicos demographic profile is among the worlds most promising. Its labor pool has been expected to grow by 58 percent between 2000 and 2030 while Chinas is slated to decrease by 3 percent over the same period.
More: http://www.forbes.com/sites/stratfor/2014/01/07/nafta-and-the-future-of-canada-mexico-and-the-united-states/

Mexico as Bellwether for an Unsubsidized Solar Eenrgy Future

James notes that "experience is growing quarter-to-quarter" as developers and utilities better navigate the system and the technology. Envolta offers a third-party financing lease structure for residential customers. Martifer already has a 30-megawatt merchant solar project with CFE in Mexico, while solar power plant developers SunEdison , SunPower and First Solar have merchant solar projects in development in Chile. More projects in Mexico will soon follow. "You don't need incentives for solar," said James, suggesting that any market can grow as long as there is a transparent regulatory process -- along with high tariffs and high DNI. James adds, "There is no cookie-cutter approach to developing solar in Latin America," going on to say, "It is more like developing a shale play rather than a tariff-based project in the EU." In Mexico, James says it's best to start with an end [read] user rather than with land and an interconnect permit. James suggests a pilot project in conjunction with a local producer: Aim for "1 megawatt, not 30 megawatts; prove the solar value proposition and then you scale.
More: http://theenergycollective.com/eric-wesoff/324521/mexico-bellwether-unsubsidized-solar-future

Mexico Tax Hike Driving Business North of Border

"I thought it was a fluke or a misunderstanding or something," Scott said. "So I just tried again." This time, he made it off the plane but was stopped David when a customs agent swiped his passport. Back in the holding cell, one of the customs agents recognized him and it wasn't long before Scott was on a plane back to Vancouver, deported a second time. In Vancouver, Canada Border Services Agency officials grilled Scott on what he could have possibly done, above and beyond the criminal charges, to get himself deported twice. "They wanted to know why I was denied twice and I had no explanation for them," Scott said. Mexico's embassy in Canada said immigration authorities may refuse someone entry into the country if "the applicant is subject to criminal process or has been convicted of a serious crime . .
More: http://www.vancouversun.com/news/metro/Mexico+twice+boots+Vancouver+Island+man+cleared+of+299+km/moto/9364156/story.html

Mexico's Stocks Open Higher; Peso Firms Against Dollar

January 7, 2014, 11:05 a.m. ET Mexico's Stocks Open Higher; Peso Firms Against Dollar Text By Anthony Harrup MEXICO CITY--Mexican stocks rose early Tuesday, rising for the first time in the past five sessions with support from gains in U.S. equities. The IPC index of leading issues was recently up 0.8% at 41839 points on volume of 28.3 million shares worth 995.7 million pesos ($76.5 million). Cement company Cemex CPO shares were up 1.8% at MXN15.44, and mining company Grupo Mexico B shares were 0.9% higher at read MXN41.50. The company said its passenger traffic rose 17% in December from a year earlier, its best month for growth in 2013. Full-year passenger traffic was up 4.6% from 2012.
More: http://online.wsj.com/article/BT-CO-20140107-707359.html

Mexico twice boots Vancouver Island man cleared of 299 km/h motorcycle ride

in Mexico City. Yields on peso bonds due in 2024 rose two basis moved here points, or 0.02 percentage point, to 6.39 percent, according to data compiled by Bloomberg. The peso snapped its longest streak of daily gains since November as the national statistics agency reported that the consumer confidence index increased to 89.7 last month, lower than the forecasts of all nine analysts surveyed by Bloomberg. The currency also fell as a report showed U.S. companies added the most employees in a year, fueling concern that the Federal Reserve will reduce at a faster pace bond purchases that have bolstered demand for emerging-market assets. The combination of the strong employment number out of the U.S. and the very weak Mexican consumer confidence print has renewed pressure on the peso, Eduardo Suarez , a Latin America foreign-exchange strategist at Bank of Nova Scotia , said in an e-mailed response to questions.
More: http://www.bloomberg.com/news/2014-01-08/mexico-currency-declines-as-consumer-sentiment-misses-forecast.html

Mexico Currency Declines as Consumer Sentiment Misses Forecast

Thomas Fullerton. Theres a lot of anger over the increment in the value-added tax in border regions of Mexico, and that has translated into protest purchases, says Dr. Fullerton. As a result, he says Mexican shoppers started making a point of spending their money in the U.S. as soon as the bill was passed in the fall to send a signal to the Mexican government even though they werent yet being taxed at the higher rate. But American businesses arent complaining. Pancho Guerra, general manager of McAllens Hampton Inn, says his hotel is currently sold out every weekend, thanks to Mexican residents crossing the border for extended shopping vacations.
More: http://smallbusiness.foxbusiness.com/entrepreneurs/2014/01/07/mexico-tax-hike-driving-business-north-border/

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