Baja California’s strategic economic zone second phase
By Adina Moloman Source: SEDECO, UT San Diego The creation of the “Border Economic Zone”, AC, a “civil association” that supports the Border economic Zone project, took place at a recent formal ceremony. Governor Jose Guadalupe Osuna Millan, the mayor of Tijuana, Carlos Bustamante and other officials from Ensenada, Tecate and Rosarito, attended the ceremony. […]
Mexico financial sector reform proposals 2013
By Adina Moloman Sources: Notimex, Reuters The Mexican Secretary of the Treasury and Public Credit, Videgaray’s notice of the executive branch making public its proposal to amend the Mexico’s financial system. Proposed are series of actions to increase bank lending to priority areas and projects such as to small and medium size enterprises, infrastructure projects, […]
Doing business in Mexico 2013
By Adina Moloman Source: http://www.doingbusiness.org/data/exploreeconomies/mexico/ This year Mexico ranks number 48 out of 185 world economies, improving 6 positions in the last two years according the recently was released annual “Doing Business Report for 2013” by the World Bank. The analysis is based on a series of variables that defines the “easiness” of doing business […]
UCS research – Impact of wait times at the major US Ports of Entry
By Adina Moloman Sources: create.usc.edu, KPBS A recently study conducted by researchers at the University of Southern California on an economic modeling that predicts how adding customs and border agents at U.S. Ports of Entry affect the economy in terms of the Gross Domestic Product (GDP), Value of time (opportunity costs), and Employment, at both […]
The first Aerospace Center in Precision Machining (CADTE) in Baja California
By Adina Moloman Baja California inaugurated the first specialized Aerospace Center in Precision Machining (CADTE) this April 2013 at Cast Conalep. This CADTE will train students to produce precision parts that fulfill the criteria required by the aerospace industry. Baja California has encouraged the setting up of manufacturing in Mexico facilities by leading aerospace companies […]
Bitcoin phenomenon
By Adina Moloman Sources: www.bitcointalk.org, www.bnamericas.com, www.forbes.com The bitcoin online phenomenon is wide spreading around the world, reaching different kind of transactions. Every day many countries around the world are more interested in installing Bitcoin ATM’s. France and US are placing large orders of Bitcoin ATM’s. The phenomenon is reaching Latin American countries also. Mexico […]
BRICS- development bank and crisis fund
By Adina Moloman Sources: www.businessweek.com, Financial Times South Africa recently hosted the fifth BRICS Summit at the Durban International Convention Centre. The summit concluded with a new project: to create their own development bank and crisis fund. BRICS countries (Brazil, Russia, India, China, and South Africa) account for more than 40 percent of the world’s […]
The mission of The Bureau of Western Hemisphere Affairs in Tijuana-San Diego region
By Adina Moloman Source: http://tijuana.usconsulate.gov On March 20, 2013, The Bureau of Western Hemisphere Affairs had organized a mission in the region Tijuana -San Diego by sending the U.S Assistant Secretary of State, Roberta Jacobson to speak with leaders from both sides of the border about U.S. policy and the Americas. The event took place […]
Trans-Atlantic Free Trade Agreement (TAFTA)
By Adina Moloman Sources: International Trade News, Foreign Policy European Union and United States are recently reopening the negotiations for a Trans-Atlantic Free Trade Agreement (TAFTA). This is an agreement that opens markets and liberalizes trade with the intention of eliminating tariff barriers and quantitative restrictions between the U.S. and the EU. The first attempt […]
Bank of America study – Mexico’s labor costs
By Adina Moloman Sources: Reuters, Financial Times April 2013, Bank of America presented a report by the chief economist for Merrill Lynch that estimated an important turnaround regarding Mexico’s labor costs, which are now 19.6% lower than China’s. Ten years ago Mexican average labor costs were then almost double than Chinese labor costs. According to […]