In addition to being the second-largest economy and second-most-populous country in Latin America, Mexico is geographically and culturally diverse. The country boasts more than 9000 km of coastline and terrain varying from desert to mountains to rainforests, as well as a rich cultural heritage that includes numerous well-preserved ancient...
The year 2014 marks the 20th anniversary of the North American Free Trade Agreement (NAFTA), a comprehensive deal establishing the terms of trade and investment between Mexico, Canada and the US. With a $19trn market, NAFTA is one of the largest trading blocs in the world, encompassing some 500m people and a wealth of natural resources. Two decades on, proponents and critics...
New measures aimed at lowering the tax burden for small and medium-sized enterprises (SMEs) should incentivise private operators to expand, but businesses may still face challenges in obtaining the credit they need. In January 2014 the government announced it would submit a plan to parliament to amend regulations on the payment of value-added...
Although landlocked between China and Russia, Mongolia’s priority is to cultivate trade and investment links with its “third neighbours” – a phrase first coined in 1990 by US Secretary of State James Baker to describe Mongolia’s relations with the US. A WTO member since 1997, Mongolia has since lowered barriers to trade. With a growing array of...
The Bank of Mongolia (BOM) pursued cautious and targeted monetary easing in 2013 in a bid to maintain macro stability, prevent credit crunch risk, and offset the impact of reduced exports and foreign direct investment. Amid benchmark interest rate cuts totalling 2.75 points in January (0.75), April (1) and June (1) to 10.5%, the BOM has used...
Ranked 133rd of 148 in the World Economic Forum’s 2013 Global Competitiveness Index for overall infrastructure quality, Mongolia’s domestic and regional connectivity is hampered by poor-quality roads, inadequate power supply and the limited reach of its railways. From 2012 the government began investing heavily in infrastructure development,...
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