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NEWS
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 Remittances added to US$9.278 billion in the first six months of 2005
Mexico City - Remittances from Mexican citizens resident abroad added to US$9.278 billion between January and June, 17.7% more than the same term in 2004, informed Banco de Mexico today. In 2004 remittances from Mexican immigrants, mainly in the USA, amounted to US$16,613 billion, which contributed to improve the income of 1.4 million Mexican homes. Last June, remittances sent amount
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Mexico sanctions USA for antidumping law
Mexico decided to charge supplementary customs duties, between 9% and 30%, on certain imports from the USA, announced the Mexican representative during the WTO meeting to solve differences. This decision was enforced last August 18. This is Mexico's answer to an amendment that allows US government to hand out to certain industries amounts received as antidumping rates. This amendment, which author is Senator Robert Byrd, has been in force for
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Ferromex will invest US$200 million in infrastructure
Mexico - The company Grupo Ferroviario Mexicano (Ferromex) will invest at least US$200 million. this and next year to improve infrastructure, informed today Lorenzo Reyes Retana, Operations Deputy General Director. This officer of the Mexican company privatized in 1997, which stockholders are Grupo Mexico and the American company Union Pacific, explained that the investment will be
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Toyota launches to market first vehicle manufactured in Mexico
MEXICO - The Mexican subsidiary of the Japanese company Toyota Motor., second automobile manufacturer in the world, launched today to the market the first vehicle manufactured in its plant located in the border city of Tijuana. Production of the first Toyota vehicle in Mexico, a Tacoma van, required eight months, which was expected, and an investment of US$160 million, explained the person
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20 Korean companies planning to establish in Mexico
Mexico City - 20 Korean companies are coming to Mexico next year; however, they will establish in central states, due to the lack of security in Mexico's north border, according to Jae-Ryang Woo, President for Latin America of Korea Trade Investment Promotion Agency (Kotra). He further said that this is a trend that could be followed by some companies from this East Country currently installed
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Mexico-China go for historical textile alliance
Beijing - Mexico and China could make a strategic textile alliance to conquer US market and even the whole world's, Sergio Ley López Mexican Ambassador in China declared today. Said alliance could include companies from both countries, avoiding the competition between both parties for the American market, so important for Mexican and Chinese textile producers, he added. The Ambassador
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Local industry strengthened by new investment
Ramos Arizpe - Ramos Arizpe's Ministry of the Economy announced the creation of 450 jobs in this City with the arrival of Powertrain and the expansion of Duroplast. The investment made by these two companies takes place in the industrial park "Parque Fideicomiso Industrial Saltillo." Powertrain, a crankshafts rectifier, will invest US$4 million to build a 70,000 square feet industrial building, creating 150 technical level jobs. Also, Duroplast has
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ARTICLE OF THE WEEK
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New Environmental Oblications for the Industrial Sector in the State of Chihuahua
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 By Baker & McKenzie |
On June 8 2005 a new Law for Ecological Balance and Environmental
Protection for the State of Chihuahua ("State Law") was enacted, abrogating the prior State Ecological Law. The State Law will become effective on August 31, 2005 and will generate new obligations, sanctions or penalties for the industrial sector, its legal representatives and its personnel.
The State Law includes new provisions for the classification and management of waste. It establishes additional reporting requirement and the mandatory implementation of management plans.
In the area of wastewater, the State Law fails to resolve the controversy regarding State and Municipal jurisdiction over wastewater discharges into urban sewer systems. As a result, the implementation of these new provisions should be carefully reviewed.
The State Law increases the areas where regulators may impose administrative penalties, for failing to comply with it.
Also, the State Law includes specific criminal penalties against parties incurring in any of the activities defined as crimes.
The following crimes carry a prison sentence of:
Up to 8 years:
1. Ordering or authorizing the implementation of an activity that causes or may cause harm to the ecosystems.
2. Ordering or authorizing the discharge, deposit or infiltration of wastewater discharges or wastes into water bodies, if the polluted water is delivered for consumption to a population center.
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MEXICO'S WEEKLY HEADLINES
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| » Pemex guarantees gasoline supplying in Mexico |
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| » Corea sings 6 bilateral agreements with Mexico |
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» Katrina may cost insurers $60 bln
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» Continental sees full-year loss
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| » HP will cut 6,000 jobs in Europe: union |
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EVENTS
2005
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August / September
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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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