Mexico, US plan joint strategy to lure businesses back to N. America

Robert Besser
07 Dec 2022, 13:58 GMT+10

Mexican Economy Minister Raquel Buenrostro and U.S. Secretary of Commerce Gina Raimondo will draft a plan by early 2023 to attract companies from Asia to relocate in North America
On her visit to Washington this week, her first since taking office in October, Buenrostro met with senior U.S. officials to discuss how to attract businesses from Asia
They also discussed other trade issues, such as boosting supply chains and the importance of energy, food and national security to economic development

WASHINGTON D.C.: Mexico's government announced that Mexican Economy Minister Raquel Buenrostro and U.S. Secretary of Commerce Gina Raimondo will draft a plan by early 2023 to attract companies from Asia to relocate in North America.

On her visit to Washington this week, her first since taking office in October, Buenrostro met with senior U.S. officials to discuss how to attract businesses from Asia, as well as other trade issues, such as boosting supply chains and the importance of energy, food and national security to economic development.

In a statement, the Mexican economy ministry said the two sides will jointly draft a presentation for the private sector about the economic and fiscal benefits offered by their countries.

Meanwhile, Buenrostro and U.S. Trade Representative Katherine Tai discussed ways of resolving an issue of concern to Americans with Mexico's energy policies.

Tai also stressed the importance of avoiding disruptions in U.S. corn exports to Mexico.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nepal National.

More Information

12 ℃

Fair in Kathmandu

Business

Section

Shell Oil reveals record $40 billion profit in 2022

LONDON, England: Energy giant Shell Oil has announced a record profit of nearly $40 billion in 2022, capping an eventful ...

Hydrogen takes steps to develop hydrogen fuel cells for cars, trucks

TOKYO, Japan: Honda has announced that it will manufacture a new hydrogen fuel cell system, which was jointly developed with ...

As prices of EVs fall, manufacturer Rivian to reduce workforce by 6%

IRVINE, California: In an effort to cut costs in preparation for an industry-wide price war, electric vehicle manufacturer Rivian Automotive, ...

Seeking to stem losses, Intel to cut executive salaries

SANTA CLARA, California: One week after Intel forecasted lower-than-expected sales caused by a loss of market share to rivals and ...

Biden plan seeks to cut credit card fees, charges for apps

WASHINGTON D.C.: As part of a wider policy drive to increase competition in consumer markets, President Joe Biden has announced ...

As stocks and bonds suffer, Norway wealth fund sees record losses

OSLO, Norway: Ending a three-year run of profits as stock and bond prices were hit by rising inflation and Russia's ...

Southeast Asia

Section