March 1, 2024


1. Campaigns for the presidency of Mexico begin

Amid offers from the ruling party to give continuity to Andrés Manuel López Obrador’s political project and calls from the opposition not to resign themselves to the advance of crime, Mexico kicked off this Friday, March 1, the campaign for the largest elections in its history, which could bring a woman to the presidency for the first time. The race will last 90 days and covers more than 20,000 federal and local positions, as well as eight governorships and the mayor of Mexico City, 500 deputies and 128 senators.

While the candidate of the ruling Morena party, Claudia Sheinbaum, called for a rally in the main square of Mexico City, where she was mayor for five years, opponents Xóchitl Gálvez and Jorge Álvarez Máynez organized events in cities in the center and northwest of the country that have been plagued by violence.

Proceso: Arrancan campañas por la presidencia de México entre ofertas de continuidad y críticas a la violencia

2. Mexico threatens retaliation if U.S. imposes steel tariffs

Mexico’s government said it will retaliate if the U.S. imposes tariffs on imports of steel products, saying the U.S. authorities’ claims on the land have been politically motivated and not good for trade.

For her part, U.S. Trade Representative Katherine Tai recently warned that her country could reimpose tariffs on steel and aluminum if Mexico did not take urgent action to curb the continued increase in the export of those products to U.S. territory.

Milenio: México amaga con represalias si EU impone aranceles al acero

3. Halt to AMLO’s Electricity Industry Law Spared Mexico Large-Scale Economic Condemnation: Court

The Supreme Court of Justice of the Nation (SCJN) “avoided for Mexico, an economic condemnation of great dimensions” within the framework of the Agreement between Mexico, the United States and Canada (USMCA). In a statement, it is detailed that on January 31, the Second Chamber of the SCJN resolved an amparo that declared the unconstitutionality of the order of priority in the dispatch of electric energy, regulated in the Electricity Industry Law of 2021. The argument for the Court’s declaration of unconstitutionality is that the priority order violated the principles of competition and free competition.

On other issues, Raquel Buenrostro Sánchez, head of the Ministry of Economy (SE), said that Mexico has concluded the consultations on the energy panel that the United States and Canada requested under the USMCA, while on the dispute over the prohibition of transgenic corn in national territory there is tranquility.

La Jornada: Disputa energética bajo el T-MEC está resuelta, asegura la SE

4. Acapulco, ready for banking convention; AMLO and presidential candidates are confirmed: ABM

The Association of Banks of Mexico (ABM) said that Acapulco is ready for the 87th banking convention, which will be held on April 18 and 19 at the port, where a great effort has been made to rebuild the infrastructure affected by Hurricane Otis.

The president of the ABM, Julio Carranza, said that the attendance of the candidates for the presidency of the republic of Morena, Claudia Sheinbaum, is confirmed; of the Broad Front for Mexico, Xóchitl Gálvez, and of the Citizens’ Movement, Jorge Álvarez Máynez.

El Universal: Acapulco, listo para convención bancaria; AMLO y candidatas presidenciales están confirmadas: ABM.

5. Mexico, the country with the highest growth in e-commerce sales

Mexico became the country with the highest growth in e-commerce sales, with a year-on-year increase of 25%, the Mexican Association of Online Sales (AMVO) said on Wednesday. In its ‘Online Sales Study 2023’, the AMVO reported that e-commerce reached 658.3 billion pesos in all of 2023.

The study indicated that almost 66 million people bought a product or service through the digital channel in Mexico last year, where almost 4 out of 10 made product purchases on a weekly basis. Women made the most purchases through this digital channel, at 51%, while the average age of Mexican buyers was 38.9 years.

Aristegui Noticias: México, país con mayor crecimiento en ventas por comercio electrónico