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How birria took over restaurant menus across the country
  + stars: | 2024-09-25 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +5 min
Birria burrito surrounded by birria tacos, birria munchwrap, birria loaded fries and birria consommé at Little Miner Taco in North Bethesda, Maryland. Birria tacos use the slow-cooked meat as a filling and usually include a consommé on the side to dip the taco. Over the past four years, birria has seen its presence on restaurant menus grow 412%, largely thanks to midscale and casual-dining chains, according to market research firm Datassential. More recently, birria took off in New York City, with restaurants and food trucks serving up tacos and consommé across the five boroughs. Finding opportunityQdoba's Brisket Birria, seen here in the chain's quesadillas.
Persons: birria tacos, birria, Laura Chase de Formigny, chiles, El, Del, Taco Bell, Scott Suchman, Steven Alvarez, Alvarez, Don Guadalupe Zárate, Birrieria Gonzalez, TikTok, Qdoba's Brisket, Katy Velazquez, Qdoba, Velazquez, Lamb, Liz Hafalia Organizations: Little Miner, Washington Post, Getty, John's University, Butterfly Equity, San Francisco Chronicle, Hearst Newspapers Locations: Little, North Bethesda , Maryland, Mexican, U.S, Del Taco, Jalisco, Washington ,, St, Europe, Americas, Tijuana, Mexico, Los Angeles, California, New York City, Oakland , California
MEXICO CITY (AP) — California avocado growers are fuming this week about a U.S. decision to hand over pest inspections of Mexican orchards to the Mexican government. Because the United States also grows avocados, U.S. inspectors observe orchards and packing houses in Mexico to ensure exported avocados don’t carry pests that could hurt U.S. crops. The letter added, "We are looking for specifics as to why you have concluded that substituting APHIS inspectors with Mexican government inspectors is in our best interest." Only the states of Michoacan and Jalisco are certified to export avocados to the United States. Some packers in Mexico buy avocados from other, non-certified states, and try to pass them off as being from Michoacan.
Persons: Tom Vilsack, Organizations: MEXICO CITY, U.S . Department of Agriculture, U.S . Department of Agriculture’s, Plant Health, Service, Mexico's Agriculture Department, U.S, packers, The U.S . Department of Agriculture, Growers, Associated Press Locations: MEXICO, California, Mexico, U.S, United States, Michoacan, Jalisco, The, America, Caribbean
Last year, China was the leading car supplier to Mexico, exporting $4.6 billion worth of vehicles to the country, according to the Mexican Ministry of Economy. "The Chinese automakers came to the country very aggressively," said Juan Carlos Baker, former Mexican deputy minister for international trade. That free trade access is part of the United States-Mexico-Canada Agreement (USMCA), a revised iteration of the North American Free Trade Agreement (NAFTA) that removed tariffs on many goods traded between the North American countries starting in 2018. "We've seen China do this in other types of manufacturing as well, from appliances to auto parts to steel," said Paul. Watch the video to learn more about how Mexico has become a hot spot for Chinese auto companies and how the next administration may impact EV trade policies.
Persons: BYD, Juan Carlos Baker, Scott Paul, We've, Paul, Michael Dunne, Dunne, Joe Biden, it's Organizations: Mexican Ministry of, Nuevo, Alliance for American Manufacturing, North American Free Trade, North Locations: U.S, Mexico, Washington, China, North America, Mexican, Durango, Jalisco, Nuevo Leon, United States, Canada, America
The U.S. lawsuits filed in DC Superior Court Monday shine a spotlight on the supply chains of some U.S. companies operating in the Mexican avocado industry. Reuters could not independently verify the accounts from the local residents or Climate Rights International’s findings. “They have even gone to destroy avocado orchards,” said Claudia Alejandra Sanchez, an activist for Michoacán’s Purepecha Indigenous people. Reuters reviewed copies of letters shared by Climate Rights International. Most of those companies have publicly pledged to adhere to sustainable supply chains in compliance with local laws.
Persons: Del, Richman, Mexico Ken Salazar, avocados, , Claudia Alejandra Sanchez, Michoacán’s, Guardian Forestal, ’ avocados, ” Daniel Wilkinson, Climate Rights International’s, Alejandro Mendez, Savas Melchor Gómez, deforest, Alfredo Ramírez, ” Ramirez Organizations: Reuters, U.S, Organic Consumers Association, Inc, Produce Inc, West Pak, DC, Rights, Climate Rights International, Richman Law, U.S . Department of Agriculture, Climate Rights, Residents, Foods, Costco, Guardian, Pak, Trade, Locations: Madero, Mexico’s, United States, Minnesota, U.S, West, Irvington, N.Y, Mexico, Washington, Michoacán, Jalisco
CNN —Alleged Sinaloa cartel cofounder Ismael “El Mayo” Zambada appeared Thursday in federal court in Texas for his latest hearing since his arrest a week ago in an intrigue-packed case centered on one of the world’s most powerful and deadly drug trafficking organizations. He was arrested the prior day in El Paso alongside Joaquín Guzmán López, the 38-year-old son of infamous cartel boss and founder Joaquin “El Chapo” Guzman. The scene outside the courthouse in El Paso showed a heavy security presence, with federal agents and bomb-sniffing dogs patrolling the perimeter. Attorney Jeffrey Lichtman’s assertion raised new questions about why Guzmán López flew to Texas if he had no cooperation agreement with American authorities. “Joaquín Guzmán López forcibly kidnapped my client,” attorney Frank Pérez said in a statement.
Persons: Ismael “ El, Ismael “ El Mayo ” Zambada, Zambada, Joaquín Guzmán López, Joaquin “ El Chapo ” Guzman, , Anne Milgram, Guzmán López, Jeffrey Lichtman’s, , Frank Pérez, Christopher Wray, “ Zambada Garcia, Ismael, El, Jose Luis Gonzalez, he’s, El Chapo, boss’s, Oseguera, Zambada’s, that’s, Guzmán, El Chapo’s, CNN’s Eric Levenson, Emma Tucker, Polo Sandoval, Evan Perez, Nicole Chavez, Cheri Mossburg, Christina Zdanowicz Organizations: CNN, Ismael “ El Mayo, US, DC, US Justice Department, Justice Department, Drug, US State Department, ” Police, Reuters, of, Zambada, Jalisco New, , Congressional Research Service Locations: Sinaloa, Texas, El Paso, New York , California , Texas , Illinois, Washington, United States, Mexico, Chicago, Joaquín, Illinois, El Mayo, Eastern, of New York, Jalisco, Zambada
CNN —At least five workers have died in an explosion and fire at a tequila factory in Mexico, local authorities said. Two others were injured in the disaster, at a Casa Cuervo distillery in the town of Tequila, Jalisco state. Casa Cuervo is the world’s largest producer of the Mexican spirit, according to its website, encompassing the Jose Cuervo and Tequila 1800 brands, among others. In a statement, Casa Cuervo said it was assisting authorities with their investigation and would reinforce security controls at its facilities. An area is damaged following an explosion at a Jose Cuervo tequila plant, in Tequila, Jalisco state, Mexico on July 23, 2024.
Persons: Casa Cuervo, Jose Cuervo, Alfonso Magallanes Organizations: CNN, Tequila, JAL Civil Protection, US Department of Agriculture Locations: Mexico, Casa Cuervo, Tequila, Jalisco, Mexico’s, United States
An explosion at a Jose Cuervo tequila factory in Mexico on Tuesday sparked a fire and killed five workers, officials said. The explosion and fire in the city of Tequila, Mexico, about 40 miles by road northwest of Guadalajara in the western state of Jalisco, prompted evacuations. The fire was later contained. The Jalisco authorities later said in a statement that five people had been killed and two others were wounded, one seriously.
Persons: Jose Cuervo Locations: Mexico, Tequila , Mexico, Guadalajara, Jalisco
CNN —At least 19 bodies were discovered on Monday in an abandoned truck in the southern Mexican state of Chiapas, near the border with Guatemala, according to the state’s attorney general. Five of the bodies had gunshot wounds and all were wearing dark clothing and tactical vests containing ammunition, authorities said. Mexican President Andres Manuel Lopez Obrador attributed the deaths to cartel violence and said some of the victims were migrants from Guatemala. Well, drug trafficking and the trafficking of migrants, meaning human trafficking, it’s a route,” Lopez Obrador said Tuesday during his daily press conference. Violence has been on the rise in Chiapas as cartels fight for control of lucrative routes for smuggling migrants and drugs.
Persons: Andres Manuel Lopez Obrador, ” Lopez Obrador, Organizations: CNN, Sinaloa Cartel, Jalisco New Locations: Mexican, Chiapas, Guatemala, Sinaloa, Jalisco
Mexican cartels are exploiting timeshare scams, targeting older Americans for over $300 million. Cartels often conduct "extensive research on their potential victims" before the scam, the FBI said. AdvertisementIt seems even Mexican drug cartels are cashing in on the day's most lucrative criminal enterprise: online scams. The Jalisco New Generation Cartel, Gulf Cartel, and the Sinaloa Cartel — which El Chapo once led — have all dabbled in online scams, the FBI says. Their scam of choice appears to be timeshare fraud, targeting mostly older Americans to the tune of over $300 million in the last five years.
Persons: , El Chapo Organizations: FBI, Service, Jalisco New, Gulf Cartel, Business Locations: Jalisco, Gulf, Sinaloa
Mexico's drug cartels and gangs appear to be playing a wider role than before in Sunday's elections that will determine the presidency, nine governorships and about 19,000 mayorships and other local posts. The country's powerful drug cartels have long staged targeted assassinations of mayoral and other local candidates who threaten their control. Security analyst David Saucedo says it's likely some drug gangs will try to force voters to cast ballots for their favored candidates. "It it is reasonable to assume that the cartels will mobilize their support bases during Sunday's elections," Saucedo said. While they did not say who was behind the attack, the town is completely dominated by two warring drug cartels, Jalisco and Sinaloa.
Persons: David Saucedo, it's, Saucedo, Guerrero, Angélica Chávez, Chávez Organizations: Michoacan Civil Guard Locations: Michoacan, Morelia, Mexico, Chicomuselo, Chiapas, Jalisco, Sinaloa, La Concordia, Cotija
Here’s who is running for president:Claudia SheinbaumThe 61-year-old Sheinbaum is a former Mexico City mayor and climate scientist. A longtime political ally of incumbent President Andrés Manuel López Obrador, she was the Mexico City environment secretary from 2000-2006 when he was mayor. Her close alignment with López Obrador has been both a blessing and a curse politically. (López Obrador has repeatedly dismissed whispers that he favors a candidate that he could influence, telling press in February that he would “retire completely” after his term.) For a relative newcomer, Galvez’s entry into the presidential race has gained impressive momentum, experts say.
Persons: Here’s, Claudia Sheinbaum, Andrés Manuel López Obrador, Sheinbaum, López Obrador, she’s “, , Lopez, , Xóchitl, Vicente Fox, • Galvez, ” Jorge Álvarez Máynez, Jorge Álvarez Máynez, San Pedro Garza García, • Máynez, López, Myriam Guadalupe Castro Yáñez, Greg Abbott, Gálvez, CNN’s Rafael Romo, David Shortell Organizations: Mexico City, National Guard, PRI, PAN, Federal Electricity Commission, Institute for Economy, National Migration Institute, National School of Social, National Autonomous University of Mexico, Texas Gov, Washington Locations: Mexico City, Chiapas, Guanajuato, Jalisco, Morelos, Puebla, Tabasco, Veracruz, Yucatán, Mexico, San, prohibitionism, UNAM, Texas, United States
But it’s not just the massive scale of the event that makes it so important in the eyes of observers across the border in the United States. Key to facilitating this shift was the creation of the USMCA trade agreement, which came into effect in 2020 between Mexico, the United States and Canada. “Mexico committed to addressing the two main Mexican issues affecting the United States and that will determine the next election: migration and fentanyl. “But the United States also has to dismantle the network of traffickers within (its own borders). There is a significant network of organized crime in the United States that the administration must arrest, bring to trial, and whose activities it must restrict,” she added.
Persons: Mexico’s, it’s, – Claudia Sheinbaum, Xóchitl Gálvez, Xochitl Galvez, Quetzalli, Claudia Sheinbaum, Raquel Cunha, Reuters “, , Rafael Fernández de Castro Medina, Lila Abed, Andrés Manuel López Obrador, Joe Biden, Donald Trump, , ” Abed, Abed, Ulises Ruiz, Raquel López Portillo Maltos, Jorge Alberto Schiavon Uriegas, López Obrador, Schiavon Uriegas, Carin Zissis, Sheinbaum, Zissis, Lopez Obrador, ¨, Chandan Khanna, “ México, Jose Luis Gonzalez, “ López Obrador Organizations: CNN, Sigamos, Reuters, Center for US, Mexico Studies, University of California, Mexico Institute, Wilson, Workers, AFP, Getty, Mexican Council, Foreign Relations, Center for Studies, Foreign, Trump, Biden, Americas Society, National Guard, Army, ¨ Trump, Border Patrol, Mexican Refugee Aid Commission, Mexican Army, National Security Law, CIA, Ministry of Foreign Affairs, Republican, Democratic Locations: United States, Morena, Mexico City, Mexico, San Diego, China, Canada, Ukraine, Cerritos, Ciudad Guzman, Jalisco, “ Mexico, Americas, Piedras Negras, Eagle, , Texas, Operation Juarez, Ciudad Juarez
Sheinbaum is riding on a wave of popularity with the support of her long-time ally, Mexican President Andrés Manuel López Obrador, and their leftist Morena party. Mexico's President Andrés Manuel López Obrador gestures during an event in Mexico City. It was a strategy that saw the son of Mexican drug lord Joaquin “El Chapo” Guzman released on the orders of López Obrador in 2019 to avoid bloodshed. The Supreme Court upheld an opposition complaint and ordered López Obrador to return the National Guard to civilian jurisdiction. Amid ongoing “gender-based violence, including femicides and disappearances,” Kloppe-Santamaría said, getting a female president at this moment feels “very paradoxical.”
Persons: Claudia Sheinbaum, , Sheinbaum, , Andrés Manuel López Obrador, Xochitl Gálvez, Raquel Cunha, ” Stephanie Brewer, , López Obrador’s, Enrique Peña Nieto’s, Ulises Ruiz, Galvez, ” Gálvez, , ” Brewer, Felipe Calderón, “ Militarization, López Obrador, Joaquin “ El Chapo ” Guzman, Armando Perez Luna, Ivan Macias Ivan Macias, Brewer, Falko Ernst, Gema, Santamaría Organizations: CNN, Mexico City, PAN, Reuters, Washington Office, Latin, Mexico’s National Institute of Statistics, , coy, Mirador, AFP, Getty, National Guard, Defense, Defense . Police, National Action Party, REUTERS, Crisis, ” CNN, Defence, George Washington University ., Galvaz, Mexico City police Locations: Mexico, , Chiapas, Mexico’s, Guatemala, Morena, Mexico City, “ Mexico, Latin America, WOLA, Mirador San Miguel, Lagos de Moreno, Jalisco State, militarization, Maravatio, Michoacan, Mexican, femicides
CNN —Six people were killed and two injured by gunfire at a political campaign event in Chiapas, Mexico on Thursday, according to a statement from the state Attorney General’s Office. A preliminary investigation found that the deaths occurred after a confrontation between armed civilians during an electoral campaign event that was attended by a candidate for the municipal presidency of La Concordia for the Chiapas Popular Party, Lucero López Maza. However political violence has spiked across the country as Mexico heads toward its largest election in history on June 2. The Attorney General’s Office said three of the victims, one of whom was a minor, were women, and three men. Earlier this week, eleven people were killed in mass shootings in the neighboring municipality of Chicomuselo, the state prosecutor said.
Persons: Lucero López Maza, López Maza, General’s Organizations: CNN, General’s, La Concordia, Chiapas Popular Party, Sinaloa Cartel, Jalisco New Locations: Chiapas, Mexico, Guatemala, Chicomuselo, Sinaloa, Jalisco
CNN —Mexican authorities have detained the brother of the drug kingpin known as “el Mencho,” a federal source with knowledge of the case told CNN Monday. His brother, Nemesio Oseguera-Cervantes, is the leader of the Jalisco New Generation Cartel. President Andres Manuel Lopez Obrador confirmed the arrest early Monday and said the government would provide more information later in the day. “El Mencho” is wanted by US authorities, who have offered a reward of up to $10 million for information on his whereabouts. In the past, the Mexican government has labelled the Jalisco New Generation Cartel as one of the most dangerous cartels in the country.
Persons: el, Abraham Oseguera –, “ Don Rondo ” –, Nemesio Oseguera, Cervantes, Andres Manuel Lopez Obrador, Oseguera, El Organizations: CNN, General’s, Jalisco New, Cartel, US Locations: , Michoacán, Jalisco
Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicWarning: this episode contains descriptions of violence. A massive scam targeting older Americans who own timeshare properties has resulted in hundreds of millions of dollars sent to Mexico. Maria Abi-Habib, an investigative correspondent for The Times, tells the story of a victim who lost everything, and of the criminal group making the scam calls — Jalisco New Generation, one of Mexico’s most violent cartels.
Persons: Maria Abi, Habib Organizations: Spotify, The Times Locations: Mexico, Jalisco
The President of the Republic of Ecuador, Daniel Noboa, during the Spain-Ecuador business meeting at the headquarters of the CEOE, on 25 January, 2024 in Madrid, Spain. "President Noboa has given a strong message to the nation," said Carlos Galecio, a political communications consultant and coordinator of the communications program at Ecuador's Casa Grande University. "I am in favor of President Noboa's actions. "The priority is to clean, sanitize, continue with a process as important as President Noboa's to put the house in order." "The United States takes very seriously the obligation of host countries under international law to respect diplomatic missions," said Brian Nichols, assistant secretary of state for Western Hemisphere affairs.
Persons: Daniel Noboa, Daniel Noboa's, Ecuadorians, Noboa, Carlos Galecio, Rafael Correa, Nayib Bukele, Cedatos, Jorge Glas, Glas, Noboa's, Gabriela Sandoval, Roberto Aspiazu, Will Freeman, Freeman, Brian Nichols Organizations: Ecuadorian, Associated Press, Casa Grande University, Statistics, Police, Vienna Convention, America's Pacific Alliance, Foreign Relations, Mexico's, Jalisco New Generation, United, Western Hemisphere Locations: Republic of Ecuador, Spain, Ecuador, Madrid, Belgium, El Salvador, Quito, Vienna, Mexico, The Hague, Noboa, York, Latin America, Colombia, Peru, Mexico's Sinaloa, Jalisco, U.S, United States
They propose a sixth category for storms with winds that exceed 192 miles per hour (309 kilometers per hour). Currently, storms with winds of 157 mph (252 kilometers per hour) or higher are Category 5. From time to time, experts have proposed a Category 6, especially since Typhoon Haiyan reached 195 mph wind speeds (315 kilometers per hour) over the open Pacific. Wehner said that as temperatures rise, the number of days with conditions ripe for potential Category 6 storms in the Gulf of Mexico will grow. “Perhaps I'll change my tune when a rapidly intensifying storm in the Gulf achieves a Category 6,” Corbosiero said in an email.
Persons: Michael Wehner, Brian McNoldy, Haiyan, Patricia, , Jim Kossin, Kossin, Wehner, Kerry Emanuel, Jamie Rhome, Simpson, McNoldy, Craig Fugate, Kristen Corbosiero, ” Corbosiero, ___ Read, Seth Borenstein Organizations: National Academy of Sciences, Associated Press, Lawrence Berkley National, University of Miami, dateline, NOAA, First Street Foundation . Pacific, MIT, National Hurricane Center, Emergency Management, University of Albany Locations: Philippines, Gulf of Mexico, United States, Australia, Jalisco, Mexico, Taiwan, China, Asia, Russia, of Mexico, Caribbean, Gulf, AP.org
MEXICO CITY (AP) — Mexico’s government has acknowledged that at least two well-known Mayan ruin sites are unreachable by visitors because of a toxic mix of cartel violence and land disputes. The explosion of drug cartel violence in Chiapas since last year has left the Yaxchilán ruin site completely cut off, the government conceded Friday. They say that to get to yet another archaeological site, Lagartero, travelers are forced to hand over identification and cellphones at cartel checkpoints. Though no tourist has been harmed so far, and the government claims the sites are safe, many guides no longer take tour groups there. The guide said the ruin sites have the added disadvantage of being in jungle areas where the cartels have carved out at least four clandestine landing strips to fly drugs in from South America.
Persons: , “ It’s, , Andrés Manuel López, , López Obrador, Mexico — Organizations: MEXICO CITY, , National Institute of Anthropology, Central Americans, National Guard Locations: MEXICO, Chiapas, Guatemala, Tonina, Gaza, Lagartero, Mexico, Palenque, Frontera Comalapa, Darien, South America, Central America, U.S, Cuba, Asia, Africa, Sinaloa, Jalisco
MEXICO CITY (AP) — Mexico wants an urgent investigation into how U.S. military-grade weapons are increasingly being found in the hands of Mexican drug cartels, Mexico's top diplomat said Monday. Mexico’s army is finding belt-fed machine guns, rocket launchers and grenades that are not sold for civilian use in the United States. “The (Mexican) Defense Department has warned the United States about weapons entering Mexico that are for the exclusive use of the U.S. army,” Foreign Relations Secretary Alicia Bárcena said. While the Mexican army and marines still have superior firepower, the drug cartels' weaponry often now outclasses other branches of Mexican law enforcement. Mexico argued the companies knew weapons were being sold to traffickers who smuggled them into Mexico and decided to cash in on that market.
Persons: Alicia Bárcena, Luis Cresencio Sandoval, Sandoval, Ken Salazar, ” Salazar, Mexico’s, Bárcena, ” Bárcena, Organizations: MEXICO CITY, ) Defense Department, U.S ., Foreign, National Guard, Jalisco New, Mexico's Defense Department, U.S, Arms, Appeals, Foreign Affairs Ministry, Central America, South American, Central, Department, CBP Locations: MEXICO, Mexico, United States, Jalisco, Sinaloa, U.S, States, Central America, Boston , Massachusetts, South
MEXICO CITY (AP) — Gunmen burst into a home in central Mexico and abducted one of the volunteer searchers looking for the country's 114,000 disappeared and killed her husband and son, authorities said Wednesday. Cano’s volunteer group, Salamanca United in the Search for the Disappeared, said late Tuesday the gunmen shot Cano’s husband and adult son in the attack the previous day. State prosecutors confirmed husband and son were killed, and that Cano remained missing. At least seven volunteer searchers have been killed in Mexico since 2021. The volunteer searchers often conduct their own investigations —often relying on tips from former criminals — because the government has been unable to help.
Persons: Lorenza Cano, Cano, , José Cano Flores, Lorenza Organizations: MEXICO CITY, Salamanca United, Jalisco New, Volunteers Locations: MEXICO, Mexico, Salamanca, Guanajuato, Cabo, brother's, Jalisco, Tlajomulco, America, Caribbean
Woman dies in apparent shark attack at Mexican beach resort
  + stars: | 2023-12-04 | by ( Jack Guy | ) edition.cnn.com   time to read: +1 min
CNN —A woman has been killed in an apparent shark attack at a beach resort on Mexico’s Pacific coast. The woman, who has not been officially named, was found dead by emergency services at the scene in Melaque Bay, Cihuatlán municipality, on Saturday, according to a statement from the local civil protection and fire service, posted on Facebook. One of the victim’s legs had been severed, according to the statement, which said the injury appeared to have been caused by a shark attack. The Cihuatlán municipal government also warned people to stay away from local beaches, in a statement posted on Facebook. The municipal government of nearby La Huerta also warned citizens about “the presence of a shark on the southern coast of Jalisco” in a statement on Facebook.
Persons: La Huerta Organizations: CNN, Facebook Locations: Melaque Bay, Cihuatlán, Jalisco, Mexico, La
Supply chains, trade top agenda for Yellen Mexico trip
  + stars: | 2023-12-04 | by ( Chelsey Cox | ) www.cnbc.com   time to read: +2 min
US Treasury Secretary Janet Yellen hosts Leaders from Americas Partnership for Economic Prosperity (APEP) countries at the Treasury Department in Washington, DC, on November 3, 2023. WASHINGTON — Treasury Secretary Janet Yellen will travel to Mexico City this week to strengthen economic ties with America's top trading partner, the Treasury Department said Monday. Yellen will meet with Mexican counterparts, including President Andres Manuel Lopez Obrador, from Dec. 5-7 on creating supply chains spanning the bordering nations to spur job growth and bolster economic security, according to a release. Imports and exports between the U.S. and Mexico reached nearly $600 billion so far in 2023, per the International Trade Administration, and exceeded $850 billion in 2022, according to Treasury. Direct investments between the nations include manufacturing, wholesale trade, real estate and finance and insurance, according to the U.S. Trade Representative.
Persons: Janet Yellen, Yellen, Andres Manuel Lopez Obrador, Joe Biden, Xi Jinping Organizations: Americas Partnership, Economic Prosperity, Treasury Department, WASHINGTON —, Mexican, U.S, International Trade Administration, Treasury, U.S . Trade, Jalisco Nueva Generacion, U.S . Locations: Washington ,, Mexico City, Mexico, United States, Jalisco, U.S
Mexican businesses warmed by glow of 'nearshoring' dawn
  + stars: | 2023-11-06 | by ( Noe Torres | ) www.reuters.com   time to read: +4 min
MEXICO CITY, Nov 6 (Reuters) - Mexican businesses, particularly those linked to real estate and construction, are counting on investment from so-called "nearshoring" to boost profits and economic growth, especially in industrial zones near the U.S. border. "Many companies are already talking about this - about nearshoring and the economic benefits," said Gerardo Copca, an analyst at consultancy MetAnalisis. One notable project - electric vehicle maker Tesla's plans for a reported $5 billion factory in northern Mexico - has been credited with attracting $1 billion in Chinese investments to nearby industries. Mexican real estate investment trust Fibra Uno (FUNO11.MX) plans to launch a trust allowing investors to cash in on expected growth of industrial assets. Total Mexican construction output jumped almost by 46% in August year-on-year, with northern states performing strongly.
Persons: Gerardo Copca, Nearshoring, Fibra Uno, Andre El, Mann, AMPIP, Lorenzo Berho, El, Berho, Enrique Navarro, Andres Manuel Lopez Obrador's, Noe Torres, Dave Graham, David Alire Garcia, Christian Plumb, Josie Kao Organizations: MEXICO CITY, Fibra, Banco Regional, U.S, UBS, Cement, GCC, Thomson Locations: MEXICO, U.S, Mexico, Asia, Mexican, Queretaro, Guanajuato, Jalisco, United States, Canada, China, Swiss, Chihuahua, Texas
Consumers started spending more on high-quality spirits during the pandemic shutdowns, which spurred a rise in premium beverage products, said Erlinda A. Doherty, an agave spirits expert and consultant. Both are proprietary spirits under Mexican laws, which are recognized in U.S. trade agreements. While he didn’t comment specifically on California’s foray into agave spirits, he said he believes Mexico can respond to the growing demand. The state legislature enacted a law last year requiring “California agave spirits” be made solely with plants grown in the state and without additives. He said those making agave spirits have a deep appreciation for Mexican tequila.
Persons: — Leo Ortega, Ortega, ” Ortega, Doherty, ” Doherty, , ” Alfonso Mojica Navarro, , Henry Tarmy, “ We’ve, we’ve, Craig Reynolds, Davis, Stuart Woolf, Woolf, Lisa, ” Woolf Organizations: distillers, California —, Mexican Chamber, Tequila Industry, Ventura Spirits, California Agave, University of California Locations: Calif, Southern California, Mexico, California, United States, U.S, France, Jalisco, Texas, Arizona, Northern California, Central, Davis
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