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Wednesday, March 21, 2012

How a Small Town in Mexico is Taking Tequila Global

Tequila is a business on the rise and thanks to this new “gold rush,” Mexico is now promoting the town of Tequila as the tourist destination for tequila enthusiasts around the globe.

The town of Tequila is home to major brands like Jose Cuervo, Sauza, and a number of smaller producers distilling the highest quality product in the world. Naturally, as the interest in tequila rises, so does Mexico’s production of these golden spirits. For instance, according to figures from Mexico's Secretary of Economy, tequila production has more than doubled since 1995. In 2011, Mexico exported more than 163 million liters of the agave-based alcohol, up from 64 million in 1995.

One of the more widely know distilleries, Sangre de Azteca, produces about 9,000 liters of pure tequila a day, selling it under different brand names in Mexico, France, and the United States.

Wednesday, March 7, 2012

Mexican Peso Strengthens as February U.S. Jobs Data Boosts Outlook

Mexico’s peso had its first increase in four days after a report showed companies in the U.S. boosted hiring, improving the economic outlook for the Latin American country.
The peso gained 0.3 percent to 12.9610 per U.S. dollar from 13.0011 yesterday. The currency is up 7.5 percent this year.

Mexican Economy to Grow 4.5 Pct or More in 2012

Mexico's economy may grow at least 4.5 percent in 2012 and may surpass 5 percent thanks to the spending boom caused by the country's presidential election campaign, an analyst said.

"I believe that even if we are using a conservative forecast we are going to see the economy grow by at least 4.5 percent, and it is very likely it could be even higher and grow more than 5 percent," Alfredo Coutino, chief Latin America economist for Moody's, told Xinhua in an exclusive interview on Monday.

"The Mexican economy is going to be better this year, both because the U.S. is recovering in a much better way than anticipated, and also because the economy is benefiting from the political spending," Coutino said.

Mercedes Benz Plans to Double Sales by 2020 by Manufacturing in Mexico

Bruno Cattori, President of Mercedes Benz in Mexico, recently stated in an interview Mercedes Benz’s intentions of opening yet another manufacturing plant in Mexico this year. With this, Mercedes Benz Mexico plans to promote Germany internationally and increase its production capacity in North America.

The Mercedes Benz Mexico executive continued to explain that the automaker is experiencing a huge surge in demand and is building the new plant to cover the international market’s appetite: "Last year we built a new factory in Europe and one in the United States, and both plants are working at maximum capacity, but we still need additional supply, so the company needs to build another [plant]," he said.
Keep reading this article on doing business in Mexico on MexicoToday.

Patricia Espinosa and U.S. Secretary of State, Hillary Clinton, Propose New Issues for 2012 G20 Summit

The first gathering of the 2012 G20 summit was held in Los Cabos, Mexico recently, where the foreign minister of Mexico, Patricia Espinosa, proposed to expand the current G20 agenda to include political and security matters, an idea which received the backing of U.S. Secretary of State, Hillary Clinton.

Mexico’s foreign minister, Patricia Espinosa, argued when it comes to crucial issues that affect the lives of billions, "the international community is failing."

She continued to announce that the foreign ministers of the G20 would meet again this summer at the G20 leaders’ summit (June 19-20) where Mexico will be in attendance as first Latin American country to preside the G20. There, for the first time, the G20 will be lending thought to a slew of global issues ranging from green growth and food security to transnational crime. For those that are familiar with the G20’s focus on macroeconomic issues, this represents huge progress.

ProMexico's Jorge Lopez Speaks on Mexican Creative Services Industry

In an interview with MexicoToday, the Regional Director for ProMexico North America, Jorge Lopez, talks about the Creative Services industry in Mexico and what types of companies he envisions succeeding in the near future. Go to for more on doing business in Mexico.

ProMexico's Jorge Lopez on Mexico's Investment in Renewable Energies

Jorge Lopez, ProMexico's North American Regional Director, talks about Mexico's huge investment in various types of renewable energies, including wind, solar, and biothermal energies. Go to for more on what Mexico is doing to promote green growth.