Welcome to The Contreras Report: Business Mexico

April 27, 2020 00:15:02
Welcome to The Contreras Report: Business Mexico
The Contreras Report: Business México
Welcome to The Contreras Report: Business Mexico
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Show Notes

Covering topics such as México economy, goods & services crossing the Méxican/US border, trade agreements, the business life, and interviews that will open your mind to new business possibilities.

This program is presented by Raoul Lowery-Contreras. He understands the business.

THE CONTRERAS REPORT-BUSINESS MEXICO, answers these questions and punctures myths…

These questions and answers are why you should listen to THE CONTRERAS REPORT – BUSINESS MEXICO.

Episode Transcript

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112. The Contreras Report: Business Mexico

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SEGMENT 1 MEXICO SHUTS DOWN FOR CORONAVIRUS- In all, 18% of firms in Mexico are considered essential and are allowed to stay open. Alcalde said that of the remaining nonessential firms, 87% had closed and 13% had refused to do so. President Andrés Manuel López Obrador also said he didn’t like businessmen going out to seek loans from international lending agencies, further angering the business sector. Under U.S. pressure, Mexico pledged Friday to reopen automotive plants in a “gradual and cautious” process. On Monday, Labor Secretary Luisa Maria Alcalde praised some automakers for reducing or stopping nonessential parts of their operations. The U.S. government launched a campaign to get Mexico to reopen plants, suggesting the supply chain of the North American free trade zone could be permanently affected if they didn’t resume production. Mexico’s border assembly plants are key to the U.S. supply chain, including those of autos and defense contractors, and employees at some of the facilities have staged walkouts and protests because of fears over the coronavirus. Ellen Lord, U.S. undersecretary of defense for acquisition and sustainment, had voiced similar concerns Monday in Washington. “We are seeing impacts on the industrial base by several pockets of closure internationally. Particularly of note is Mexico, where we have a group of companies that are impacting many of our major primes,” she said Alcalde publicly shamed some textile and footwear firms, as well as a department store chain, for not obeying closure orders for nonessential businesses.   SEGMENT TWO Private business group arranged a huge loan to help small and medium size businesses affected by the coronavirus ...

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