Mexico’s week in review: US suspends avocado certs, fracking studies continue and Peru rift ends
From a U.S. ban on Michoacán avocados to a diplomatic thaw with Peru, the first week of August covered a lot of ground — and a fracking decision still hanging in the balance. The post Mexico’s week in review: US suspends avocado certs, fracking studies continue and Peru rift ends appeared first on Mexico News Daily
This week in Mexico saw a mix of economic, security, and diplomatic developments. The peso strengthened, but Pemex's profit dropped 70% due to financial costs and exchange rate issues. Sinaloa's economy contracted the most among Mexican states. Meanwhile, tourism dropped 0.8% quarter-over-quarter due to lower foreign visitor spending.
Avocado exports to the U.S. surged 35% despite the U.S. suspending avocado import certifications in Michoacán over unspecified security concerns. The U.S. raised the reward for CJNG's new leader to $25 million and arrested former Guerrero Governor Ángel Aguirre for concealing evidence related to the 2014 Ayotzinapa student disappearances.
Sheinbaum's government also approved a fracking evaluation report recommending prohibitions in Mexico's largest shale region, but allowed pilot projects in Coahuila and Tamaulipas if approved. Sheinbaum signed a transparency decree, restored diplomatic relations with Peru, and strengthened health inspections at Riviera Maya hotels amid a cyclosporiasis scare.
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- Mexico reestablishes diplomatic relations with Peru: Friday’s mañanera recapped mexiconewsdaily.com
