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Search resuls for: "Mexican Chamber"


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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
REUTERS/Raquel Cunha Acquire Licensing RightsMEXICO CITY, Sept 11 (Reuters) - The Mexican government's plan to run up the biggest budget deficit in decades during the 2024 general election year could put pressure on public finances and eventually threaten its credit rating, analysts said on Monday. Lopez Obrador last week backed former Mexico City Mayor Claudia Sheinbaum as his party's candidate to succeed him. Historic data show the projected budget deficit for 2024 will be the highest since 1988 as a proportion of GDP. The government's higher spending plans should bolster Latin America's second-biggest economy, which has outpaced forecasts this year, brightening the outlook for 2024. He also noted that since Mexico's current account deficit is currently considerably lower than foreign direct investment, there was a pool of untapped demand in the economy that the government could temporarily offset via higher spending.
Persons: Mexico's Finance Ministry Rogelio Ramirez de la O, Marcela Guerra, Raquel Cunha, Andres Manuel Lopez Obrador, Lopez, Patricia Terrazas, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Gabriela Siller, Alberto Ramos, Goldman Sachs, Ramos, Raul Feliz, Feliz, Dave Graham, Diego Ore, Noe Torres, Jamie Freed Organizations: Mexico's Finance Ministry, Mexican, REUTERS, Lopez Obrador's, Action Party, PAN, Mexico City Mayor, Banco Base, Bank of, Thomson Locations: Mexico City, Mexico, MEXICO, Bank of Mexico
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