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NEWS
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 Kellogs inaugurates plant in Mexico
Mexico City -With an investment of US$38 million Kellogg Company Mexico inaugurated its third production plant in the State of Mexico. James Jenness, Kellogg Company Executive President, and Arturo Montiel, State of Mexico Governor, headed the inauguration ceremony; where company's officers pointed-out the preference Mexican
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Larger Korean investment expected
Guadalajara, Mexico - Korea Trade and Investment Center (Kotra) is forecasting Mexico will receive investments for over US$513 million from Korean companies this year. The organization informed that to May 2005 there were already investments registered for US$370 million. Jae Ryang Woo, Kotra's President for Latin America, informed that investments are meant for electronics and
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Over 200 auto industry executives will attend MEXICONOW Conference
Saltillo, Mexico - Over 200 auto industry executives will. attend the Mexico's Auto Industry Conference in Saltillo on September 7-9 at the Quinta Real Hotel.
Speakers from JD Power & Associates, General Motors, Global Insight, Cushman & Wakefield, Ministry of the Economy, Volkswagen, Cosma Latin America, ZF Sachs Powertrain Mexiko, General Electric, Baker
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Foreign investment grows 8.3% from January to June
Mexico City - Mexico received in the first six months of 2005 foreign direct investment (FDI) for US$ 7.463,8 million, 8.3% more than in the same term in 2004, according to a report from the Ministry of the Economy published in Mexican newspapers today. In the first half of 2004 FDI amounted to US$6.891,9 million, not considering FDI atypical movements registered in the first half of said
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VW's Variant to be manufactured in Puebla
Puebla, Mexico - Volkswagen de Mexico's top management confirmed the production of Variant, which could be started by the end of this year, informed José Luis Rodríguez Salazar, Union leader. The Secretary General of Volkswagen Workers Union (Sindicato Independiente de Trabajadores de la Industria Automotriz Volkswagen - SITIAVW) said that production of this vehicle, which was
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Mexico is already maquilador for Chinese companies
Enrique Castro, Chairman of Mexican Export Maquiladora Industry Council (Consejo Nacional de la Industria Maquiladora de Exportación - CNIME), acknowledged that Mexico is providing maquiladora services to China. With "small" investments for around US$3 billion Chinese companies are establishing in Mexico's border and are adopting the labor conditions applied here. He explained
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Four maquilas more for Ciudad Juarez
Four maquiladoras in the electronic and automotive fields will be installed before the year is over in Ciudad Juarez, in American Industries industrial parks, to generate 2,500 jobs that will brace current economic growth. Luis Lara Armendariz, General Director of this company, specialized in the construction and operation of industrial buildings in the State of Chihuahua, said that the arrival
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ARTICLE OF THE WEEK
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European Economic Integration: A Conflict of Visions. (Part II)
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By: Jason L. Saving
Southwest Economy. Federal Reserve Bank of Dallas
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Liberalization Versus Economic Integration
Does the evidence support the notion that high-tax, high-benefit economies fare worse than freer economies? A comparison of Europe and the United States sheds light on this question.
Over the past two decades, the U.S. economy has grown at an annual rate of 3.2 percent, while the French economy has grown by barely 2 percent per year (Chart 2). Except for a brief spike following reunification in the early 1990s, the German economy has fared even worse.
Unemployment is a good indicator of labor market flexibility, and here, too, the evidence is clear. U.S. unemployment has fallen from 8 percent to 5 percent over the past two decades, while the French and German rates have averaged about 10 percent (Chart 3). Although observers commonly point to the current economic performances of France and Germany as proof of the "Eurosclerosis" that besets Old Europe, it is this sustained difference that suggests something more fundamental is at work here. That fundamental "something" boils down to competitiveness.
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MEXICO'S WEEKLY HEADLINES
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| » Mexico's nominal GDP raises 9.2% |
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| » Remittances in the first semester leave more than USD$9 billion |
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» Cellular phone calls' cost will lower
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» Prices of household-electric rise almost 8% in 2005
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| » Consumption in Mexico grows 5.5% |
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EVENTS
2005
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August / September
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THE FUTURE OF TEST
Puebla, Pue., Mexico
31 August
EXPO INTERNACIONAL
RUJAC 2005
Guadalajara, Jal., Mexico
31 August - 2 Sept.
MEXICO'S AUTO INDUSTRY CONFERENCE
Saltillo, Coah., Mexico
7-9 September
SUPPLIES TRADE SHOW
"LA MUESTRA"
Chihuahua, Chih., Mexico
7-9 September
MIDWEST EXPOSITION AND CONFERENCE"
Novi, MI., USA
13-15 September
MEDTEC CHINA
Shenzhen, CHINA
13-15 September
METALFORM
Monterrey, NL. Mexico
28-30 September
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