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Mexico - July 2020

Introduction
This issue of the Latin American Regional Report: Mexico evaluates Mexico’s economic prospects amid the ongoing coronavirus (Covid-19) pandemic and the coming into effect of the US-Mexico-Canada Agreement (USMCA) on regional trade...
Economy & Politics
The new North American regional trade agreement -which replaced the North American Free Trade Agreement (Nafta) that was operational since 1994- came into force on 1 July...
Finances
Mexico’s President Andrés Manuel López Obrador has repeatedly stated that his government is committed to maintaining sensible public finances to avoid increasing the national debt...
Economy
The International Monetary Fund (IMF) on 24 June updated its economic forecasts for 2020, arguing that the coronavirus (Covid-19) pandemic is having a much greater impact globally...
Business
Since taking office on 1 December 2018, Mexico’s President Andrés Manuel López Obrador has repeatedly emphasised that one of his objectives is for Mexico’s largest companies to pay their taxes, which he claims they have been avoiding for years...
Foreign Relations
The presence of a brigade of Cuban doctors in Mexico, ostensibly to help combat the coronavirus (Covid-19) pandemic, has sparked controversy both at home and in the US...
Security & Technology
Mexico’s outdated national radiocommunication network (RNR) has been identified as another factor undermining efforts by the security forces to combat criminality...
Security
José Rodrigo ‘Chino Antrax’ Aréchiga Gamboa was a Mexican drug trafficker who managed to escape house arrest in the US, where he had been convicted, only to be killed days later in Mexico...
Economic Highlights
Agricultural exports: On 18 June Mexico’s agriculture & rural development ministry (Sader) released figures showing that despite the coronavirus (Covid-19) pandemic, Mexico’s agri-food sector trade surplus registered a 11.68% increase in the first four months of 2020 compared with the same period in 2019...

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