June 2017

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Pablo Soria de Lachica Discusses the Steady Growth of Mexico’s Economy in Q1

Following the U.S. elections of 2016, the topic of Mexico has been front and center for the newly elected White House administration, revealing considerable uncertainty with respect to crafting concise policies. During his election campaign, U.S President Donald Trump promised to renegotiate the terms of the North American Free Trade Agreement and to reinforce an import tax on Mexican goods, all the while criticizing U.S. companies for shifting production to Mexico and posturing about building a border wall. Inevitably, fear of Mr. Trump’s trade restrictions and economic policies affected investment and consumer sentiments in Mexico, sending the peso to its weakest level on record against the U.S. dollar in January 2017. Pablo Soria de Lachica, acclaimed expert in international trade and foreign exchange, analyzes the steady growth of Mexico’s economy in the first quarter of 2017, despite the low expectations…


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Pablo Soria de Lachica Explains The Growth in Mexico’s Auto Parts Sector

As the automotive industry in Mexico marks more than 100 years of growth, it is now ranked as the world’s sixth biggest auto parts producer and is experiencing peak investment levels as in recent years major players like Toyota, BMW, Mazda, Audi and Honda have joined the ranks of General Motors, Ford, Chrysler, Volkswagen, Nissan, Fiat and others (a total of over 40 companies producing more than 400 models and associated parts lines) with major production centres established throughout the country. Forbes magazine estimates that production has more than doubled since 2010, with over $19 billion in investment flooding into the country in a period of five years. Automotive News reports that in the first quarter of 2017, the Mexican auto industry is breaking records with production up 17% and exports ahead by 14%. Financial markets and forex specialist Pablo…


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Pablo Soria de Lachica Summarizes the Future of Mexican Oil Pipelines

Since 2013 Mexico has been undergoing wide-ranging energy reforms to revitalize oil production and boost local economies. These have resulted in increased shares in the power sector, a decrease in reliance on imports, and the creation of a solid foundation for robust economic growth in the coming years. Today, the nation continues to place emphasis on expanding and improving its energy infrastructure. International businessman and foreign exchange expert Pablo Soria de Lachica recently discussed what to expect for the future of oil pipelines and production in the country. One project, the South Texas-Tuxpan pipeline, is a $3.1 billion underwater endeavor that is expected to increase oil capacity by 2.6 billion cubic feet per day. Upon completion, it will become Mexico’s first subsea pipeline and will greatly improve the country’s ability to export to the southern United States, which is experiencing…


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Pablo Soria de Lachica Discusses Ways to Move from the Domestic Market to the Forex Market

While many are a part of the trading activity and investments that occur domestically each week in places such as the New York Stock Exchange (NYSE,) fewer are aware of the workings of foreign exchange (forex,) which may initially prevent them from being active in it. Renown international broker Pablo Soria de Lachica discusses the main differences that divide the two markets, and some of the ways one can acclimate self to the processes and guidelines for trading foreign currency, thus becoming competent and comfortable enough to undertake such transactions. At its most simple definition, the forex is the market for various currencies around the world, and is largely rooted in global trade. It maintains a rate of exchange between two separate currencies. This rate can be used to purchase one against the other, and then later sell it for…