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LatinNews Regional Monitor: Mexico - 7 March 2019

From LatinNews Daily
On 6 March, Mexico’s President Andrés Manuel López Obrador announced that capturing the leader of a fuel-theft gang (Huachicoleros) in Guanajuato state was among his top priorities and that a new security forces operation was under way.... Read More
* Mexico’s finance minister, Carlos Urzúa, has said that tax evasion and tax avoidance currently cost Mexico around US$51.6bn a year, or the equivalent to 4% of GDP.... Read More
From Latin American Regional Report: Mexico & Nafta
The March edition of the Regional Report: Mexico & Nafta contains articles on various issues that look likely to shape the Mexican government’s agenda in coming months.... Read More
The blueprints for two thermoelectric plants in the state of Morelos were approved in 2011, but fierce local opposition has prevented them from starting operations.... Read More
On 7 February, US Secretary of Commerce Wilbur Ross announced that the US would be withdrawing from the 2013 Suspension Agreement on Fresh Tomatoes from Mexico, which suspended a dumping investigation launched by the US government against Mexican tomato exporters and allowed for the continued importation of tomatoes from Mexico.... Read More
The synthetic opioid fentanyl has become an increasingly important fixture in the US illegal drug market, and there is mounting evidence that Mexican traffickers play a pivotal role in the supply chain.... Read More
At the end of a trial that was followed closely by the media in the US and Mexico, on 12 February 2019 Joaquín ‘El Chapo’ Guzmán was found guilty by a US federal court of all the charges he faced, including participation in a criminal enterprise, conspiracy to produce and distribute cocaine and other drugs, money laundering, and conspiring to import narcotics into the US.... Read More
On 21 February a court in Germany handed down a US$4.2m fine to weapons manufacturer Heckler & Koch (H&K) related to illegal arms sales to Mexico.... Read More
FDI inflows: On 21 January the United Nations Conference on Trade and Development (UNCTAD) released new figures which show that Mexico received US$32bn in foreign direct investment (FDI) in 2018, up from US$29bn in 2017.... Read More

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