Search Result for : Mexico

The Dollar Business Bureau  The beleaguered cab aggregator, Uber, wants to concentrate on India, Brazil, and Mexico, to drive growth for the company and to ensure that it sustains the competition from Ola.  Speaking to the media, Uber SVP (Global Business) David Richter told reporters, "There are three countries that we are betting on -- India, Mexico, and Brazil. We have seen phenomenal growth in India, in July this year over last, we have seen 115 per cent growth." Richter said the company is focussing on launching solutions that enhance the customer experience in India and has taken a number of steps in that direction. The latest being the introduction of Unified Payments Interface (UPI) UPI-based payment on its platform that will ...

The Dollar Business Bureau A US-based technology group Information Technology Industry Council (ITI) has prodded the Trump government to take steps in overcoming barriers in digital trade and alleged that various countries including China and India are biased in their policies which unfairly disadvantage US companies.  In addition, the technology group named countries like Canada, Indonesia, Russia, South Korea, Mexico and Vietnam, which have followed discriminatory policies against American companies.  “Multiple foreign governments have turned to discriminatory or otherwise harmful policies that unfairly disadvantage American companies and impede the ability of technology products and services to drive growth,” ITI said in a report to the President.  The countries in which rules that treat foreign and domestic companies differently are Colombia, China, India, Indonesia, Russia, South Korea and ...

The Dollar Business Bureau In a recent telephonic conversation with the Canadian Prime Minister and Mexican President, Trump agreed to renegotiate NAFTA instead of scrapping the trilateral trade deal. On his twitter account, he stated, “I received calls from the President of Mexico and the Prime Minister of Canada asking to renegotiate NAFTA rather than terminate. I agreed – subject to the fact that if we do not reach a fair deal for all, we will then terminate NAFTA. Relationships are good-deal very possible!” Many on either side of the border are breathing a sigh of relief as Trump softens his stance on termination of the deal which is more than two decades old. However, Trump continues to stress that the deal was ...

Sheela Mamidenna The new revolution unleashed by the combination of healthcare and technology is one that India is in dire need of. While India’s public healthcare expenditure is abysmal compared to China, whose population India is expected to surpass in the next 20 years, the country simply doesn’t have the professional or infrastructural capacity to deal with the growing incidence of cardiac problems in its population. There has been a visible change in the Indian healthcare sector with renewed thrust from the government and a change in the needs of the people leading to an increase in healthcare services and products. But given the size and population of the country, the renewed thrust needs to be meted out with speed and action ...

Sheela Mamidenna Mexico, in her current predicament, has found a new ally and confidante in India. Trump’s bullying tactics and racist remarks have cornered Mexicans and jeopardised their economy. Mexico depends on the US for 81% of its exports and nearly 50% of its imports. However, India's vibrant, growing diverse democratic culture has caught Mexico's fancy. The North American country is aware that in terms of growth rate and increasing population, India is ‘shining and growing’. Throwing more light on the increasing bilateral trade, investment opportunities, and workforce immigration ties that India and Mexico share on a favourable note, Rodrigo Blanco (RB), Principal Trade & Investment Officer (India, Sri Lanka, Maldives, Bangladesh and Nepal), Mexican Embassy shared his views and thoughts with The Dollar ...

The Dollar Business Bureau After US President Donald Trump called for a renegotiation of the North American Free Trade Agreement (NAFTA), Mexico has escalated talks with its other trade partners, including Turkey for creating new free trade zones. On Friday, Mexico’s Secretary of Foreign Affairs Luis Videgaray said Mexican and Turkish authorities agreed to speed up the negotiations process of bilateral free trade agreement. "We've already had seven rounds of negotiations, and another round will be held in the coming weeks, we have agreed to speed up the process of searching for specifics of this agreement," Videgaray said, after his meeting with his Turkish counterpart. Earlier this week, Mexico’s Economy Secretary Ildefonso Guajardo said his country was looking to extend the current trade agreement ...

The Dollar Business Bureau Hinting at another major foreign policy shift, Trump has proposed to impose 20% tax on imports from all the countries America has a trade deficit with. The proceeds thereof, the White House said, will finance the construction of a wall on the Mexican border, which was Trump campaign's signature election promise. Deeming the 20% import tax proposal as one that is practiced by 160 countries, White House Press Secretary Sean Spicer called the US trade policy of taxing exports and letting imports move freely ridiculous. He also estimated that the new tax is likely to bring in $10 billion annually, which can be utilised to build the wall. "But the other net positive that you have to realise is that through the wall, not only do we secure ...

The Dollar Business Bureau  US President-elect Donald Trump has now targeted Toyota Motor Corp over its Mexican-manufactured car, threatening the Japanese car makers to pay “big border tax” if shipped Mexico-built cars to the US market. Earlier this month, Trump criticised General Motors (GM) and Ford Motor for manufacturing their vehicles abroad and shipping them to the US market.  The soon-to-be President had accused these companies of costing US jobs. Another Japanese car maker, Nissan Motor Co, could be at a bigger loss if Trump unveils any tax punishment. Nissan built its plant in Mexico over 50 years ago and now manufactures more than 800,000 cars. The company exports almost half of its production to the US, where it also has production plants. Japanese automakers produced ...