This Mexican Program Helped Giants Like AT&T Invest Billions in Mexico, So Why Did AMLO End It?

Tariffs, trade war and tough talk out of Washington D.C. have led to one thing: Mexico becoming the United States’ top trading partner through the first two months of 2019.Data released last month by the U.S. Census Bureau show that Mexico surpassed both China and Canada as trading partners. Mexico has traditionally ranked third out of these three.And while the U.S.' southern neighbor likely won’t hold that top spot permanently, experts say this momentary shift in trade shows just how important the two nations’ economies are to each other.But that’s also left them wondering why Mexico’s President Andres Manuel Lopez Obrador decided to close ProMexico, a program created to put Mexico’s leading industries and companies on the world stage.Dallas Mexican Consul Francisco de la Torre said the formal notice about the closure of the ProMexico offices abroad was sent out in January, but the Dallas office, which worked closely with the Mexican Consulate, didn’t close until mid-April.Fernando Marti, who led the ProMexico office in Dallas, could not be reached for comment.“Right now we are waiting for protocols and guidance from [Mexico City] on future commercial ventures,” de la Torre said.  Continue reading...

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