March 11th, 2022
1. Women demand justice in Mexico
In the framework of International Women’s Day, Mexican women raised their voices to demand justice and dignified living conditions. The massive marches, which reached 75,000 participants in Mexico City, highlighted the environment of insecurity in which they live: 10 femicides are committed every day in Mexico. They demanded compensation for the victims, solutions to the gender-based labor distinction, as well as effective representation in all decision-making spaces. The protests were joined by feminist collectives from the 32 states of the country.
The reluctant response of the Federal Government sparked a call by Amnesty International Mexico to President Andrés Manuel López Obrador to avoid making statements that stigmatize feminist demonstrations.
Milenio: ¡Mujeres exigen vivir sin miedo!
2. New Inflation levels in February
The national economy keeps an inflationary acceleration trend, which has been compromised by domestic consumption. The National Consumer Price Index (INPC, for its Spanish acronym) advanced 0.83% monthly and in its annual comparison, prices rose to 7.28%. In February, merchandise prices increased 8.34% in their annual comparison, while services rose 4.2%.
In addition, according to data from the Food and Agriculture Organization of the United Nations (FAO), food prices continue to rise, after their last record last month. In the midst of the conflict between Ukraine and Russia, agricultural and energy products continue to show the strongest price increases.
El Economista: Inflación no cede; en febrero se aceleró a 7.28%.
3. COPARMEX and its vision of a new economic system
The president of the Employers’ Confederation of the Mexican Republic (Coparmex), José Medina Mora Icaza, proposed to the Morena party legislators a new development model for the country, based on a market economy with inclusive and sustainable development. In the discussion “Market Economy Dialogue with Inclusive Development”, he outlined the route for 20 models of change to be discussed by the congressmen and, if necessary, to be submitted to the Federal Executive.
The National Institute of Statistics and Geography (INEGI) indicates that, between 2018 and 2020, 3.8 million Mexicans entered poverty. In this respect, the businessman presented this new proposal for economic development, with social and ecological characteristics that consider social programs and promote financial education, based on the evaluation and participation of legislators and the government as a whole.
El Sol de México: Coparmex propone nuevo modelo económico.
4. Mexico and Spain strengthen cooperation ties
The Secretary of Foreign Affairs (SRE), Marcelo Ebrard, held a meeting with the Minister of Foreign Affairs of Spain, José Manuel Albares, to discuss the promotion of the bilateral relationship between both countries. They emphasized the degree of cooperation at the academic, cultural and social levels, as well as the level of economic investment through 7,000 Spanish companies that generate 300,000 direct jobs in Mexico.
The degree of investment and trade has increased four times since the signing of the Free Trade Agreement between the European Union and Mexico (TLCUEM), in 2000. They also stressed the need to modernize the agreement in order to increase certainty and continue with a new level of transparency, anti-corruption, and sustainable development, while protecting investments and promoting small and medium-sized enterprises.
5. More than 500 tourism projects are developed
The Head of the Tourism Secretariat (Sectur), Miguel Torruco Marqués, highlighted that there is an investment of more than MXN $215 billion spread over 521 tourism projects, which represents 75% of the total tourism investment. The states with the highest levels of investment are Nayarit, Mexico City, Baja California Sur, Yucatán, and Quintana Roo.
Mexico is consolidated in the seventh position in hotel infrastructure worldwide, generating more than 115,000 direct and indirect jobs. Likewise, the annual hotel occupancy maintains a trend of 54.3% for 2022, compared to 2021 with only 41.4%. In 2021, the industry captured 4.1% of the total Foreign Direct Investment in the country, which is equivalent to USD $2,055 million.