EconomySeptember 15: Do we really live in an independent...

September 15: Do we really live in an independent Mexico?

The search for a sovereign and independent nation ended in 1821 in Mexico, after the beginning of the fight for Independence. However, in a globalized world like the one we live in in the 21st century, we can hardly speak of an independent country .

We live in a stage in which a finished product is made with parts or components manufactured in different countries and assembled in others. Mexico is no exception, as it is a country with 15 free trade agreements with more than 50 countries around the world.

The best-known trade agreement is the one that was renewed in 2020 with the United States, the main trading partner of Mexico and Canada, the T-MEC (formerly NAFTA), with which it seeks to make North America the most competitive region in the world.

However, the country is dependent on what is done in countries as far away as China, Japan or South Korea, to name a few examples.

We present in four graphs the relationship that Mexico has with the world:

Being a manufacturing country, Mexico depends on foreign purchases of intermediate products for the production of final products; as well as energy and petroleum products. This is the top ten imports from Mexico.

In addition to the United States, Mexico depends on purchases from the Asian giant China and South Korea. These are the countries that were bought the most last year.

While it is true that the United States is the main trading partner for Mexico, there are countries like China to which Mexico sells more.

Mexico is a power in the automotive industry and flat screens. 80% of what the country exports goes to the United States. Now we present the 10 products that sold the most in 2021.

Mexico seeks agreements to import corn from the United States, Argentina and Brazil

The country is seeking agreements with farmers to import corn that is not genetically modified.

Mexico posts trade deficit of 895 million dollars in September

During the national month, Mexican exports reached 52,338 million dollars and imports 53,233.4 million dollars.

At least 5 people have left their posts after the arrival of Raquel Buenrostro...

Raquel Buenrostro has chosen to make changes in the main positions of the Ministry of Economy when the country negotiates with the US and Canada within the framework of the T-MEC.

Who are the new undersecretaries of foreign trade and industry of the SE?

The new Undersecretary of Commerce will lead negotiations with the US and Canada on energy matters in order to avoid future sanctions against the country.

LAST MINUTE: Buenrostro appoints undersecretaries of foreign trade and industry and commerce

Alejandro Encinas Nájera will take the place of Luz María de la Mora, while Luis Abel Romero López replaces Héctor Guerrero.