Publicación de Illinois Department of Commerce and Economic Opportunity

🚨 NEW CONTENT FROM THARAWAT MAGAZINE 🚨 Published by Orbis Terra Media 🇲🇽 The 10 Largest Family Businesses in Mexico City 🇲🇽 Mexico City is one of the world’s most populated cities and home to a wealth of family firms. With its industry, infrastructure, and central location in the Americas, Mexico City has emerged as an important setting for businesses wishing to establish themselves or companies looking to expand their operations across the continent. 🌎 Over 90% of businesses in Mexico are family-owned, and 95% of those are managed by a family member. Mexico’s capital city is also a primary driver of the country’s economy, generating around 16% of the nation’s $1.41 trillion GDP. More of Mexico’s largest family enterprises can be found in Mexico City than in any other part of the country. 📈 📖 Here are the 10 largest family businesses in Mexico City: https://lnkd.in/ePiRyu7W #familybusiness #mexico #mexicocity #family #business #revenue #gdp #economy #wealth #content #article #facts #top10

Find out about BéndiksenLaw's participation in the 2023 International Business Meeting and how we are promoting strategic alliances in our new blog. AmCham Colombia - Cámara de Comercio Colombo Americana #oportunidades Sebastián Béndiksen #NegociosInternacionales #EncuentroAmCham #negocios #Bogotá #empresas #FelizJueves #EncuentroInternacionaldeNegocios

I'm thrilled to share with you my latest collaboration with El Economista 🌟 Unlocking Mexico's Potential: How Human Capital Development Can Transform Our Nation 🌟 As #Mexico approaches a pivotal #ElectionSeason, it's essential to focus on the critical issues that shape our nation's future. In my recent article, I delve into a topic that's often overlooked but holds immense power for Mexico's growth and prosperity. 🌐 Did you know that Mexico ranks among the world's top 15 influential economies? 📈 Discover how prioritizing human capital development, particularly in #English language #proficiency, can open doors to job opportunities with #28% to #50% #higher #salaries (IMCO, Inglés es Posible). 🌎 Explore the impact of English fluency in vital sectors such as #manufacturing and #tourism, where the ability to communicate with the world can significantly boost our competitiveness on a global scale. 🚀 Learn how Mexico's role as an #exporter and its growing partnerships with the #UnitedStates and foreign companies present historic opportunities for our nation's growth. 🔮 Delve into the discussions about the role of #HumanCapital in the face of #AI and #automation and how it remains pivotal in sectors like manufacturing. Join me in this eye-opening exploration of how investing in human capital can transform Mexico's future. Please read the full article on El Economista, and let's discuss the exciting possibilities for our nation. 📚💬 #Mexico #HumanCapital #EconomicDevelopment #LanguageSkills #GlobalCompetitiveness #FutureProspects #PublicPolicyConsulting https://lnkd.in/eXssqVcZ

Seize the Moment: Investment Prospects in Panama’s Colón Free Zone The Colón Free Zone (ZLC) in Panama has reported a significant economic surge in early 2024, presenting a lucrative opportunity for investors looking to diversify their portfolios. Here are some compelling reasons to consider investing in Panama: - Economic Growth: The economic activity of the Colón Free Zone increased by 36% (yes, 36%) in the first two months of 2024, reaching a total of $2.986 billion.  - Import Activity: $2.014 billion in imports were recorded, reflecting a robust demand for goods.  - Reexport Activity: $971 million in reexports, with Panama, Costa Rica, Venezuela, Guatemala and El Salvador as the primary buyers.    - Strategic Focus on SMEs: The ZLC aims to reinforce its trade relationships with small and medium-sized enterprises (SMEs) in the region, making it an ideal market for new and growing businesses. - Strong Relationships with Large Logistics Companies: While focusing on SMEs, the ZLC continues to maintain and grow its relationships with large transnational logistics companies, ensuring a balanced and diversified trade environment. - Resilient and Adaptive: The ZLC is prepared to tackle challenges posed by the increasing presence of China in the region and the development of AI in logistics, presenting both challenges and opportunities for savvy investors. - Key Trading Partners:  - Top Importers: China, United States, Belgium, Singapore and Mexico.  - Top Reexport Destinations: Venezuela, Costa Rica, other Panamanian free zones and Honduras. - Historical Significance and Proven Track Record: As the main commercial agent for China in the region, the ZLC has a well-established reputation and proven track record in facilitating international trade. Curious to learn more about how you can capitalize on these opportunities and invest in Panama's thriving economy? Contact us today to explore how you can be part of Panama’s economic growth! https://lnkd.in/ePaaFBuk

Believe It or Not: Panama's Secret to Attracting Global Business Titans! Panama continues to cement its status as a premier destination for multinational companies, boasting an impressive total of 189 such enterprises operating within its borders by the end of April 2024. Here are the key highlights: - Steady Growth: The number of multinational headquarters in Panama has consistently increased since 2007, thanks to favorable fiscal and labor benefits under the Multinational Company Headquarters (SEM) regime. - New Additions in 2024: So far this year, five new multinational companies have established operations in Panama, including sectors like technology, renewable energy, maritime transport, oil and gas, and steel trading. - Expansion of SEM and EMMA Regimes: The government aims to attract more companies under both the SEM regime and the Special Regime for Multinational Companies for the Provision of Services Related to Manufacturing (EMMA). - Strategic Benefits: Panama offers numerous advantages to investors, such as a strategic geographic location, world-class multimodal ports, a dollarized economy, fiscal incentives, favorable legislation, a robust banking center, and the renowned Americas Hub. - High-Profile Events: The annual Huawei Suppliers Convention, which drew 500 participants from 20 countries this year, highlights Panama’s growing prominence as a convention destination. - Economic Diversification: In 2023, 11 multinational companies joined the SEM list, while the EMMA regime attracted two firms in maritime and engineering/construction sectors. Julio Moltó, Minister of Commerce and Industry, emphasized the potential and impact of these business initiatives during the Huawei Convention. He reaffirmed Panama's commitment to supporting tourism and promoting the establishment of multinational enterprises. Strategic Hub for Business Expansion Multinational companies view Panama as a critical and strategic hub from which they can boost their business operations and enhance their reach across various countries. The strategic location and robust infrastructure make Panama an ideal launchpad for expanding into new markets and leveraging the benefits of a well-connected global trade network. If you are interested in exploring the opportunities that Panama offers for business growth and expansion, let’s talk. Feel free to reach out and discuss how we can capitalize on these opportunities together! https://lnkd.in/e_dDfAEx

The ties between Chile 🇨🇱and Canada🇨🇦 grow stronger and stronger💪. Last week, Ex-Ante has published an article about Chile🇨🇱 and its main business partners🤝. We are glad to share that Chile´s main commercial partner to date 🎖is Canada, with a direct investment of around USD 36 billion💵. This is the result of a long-lasting relationship🤝 between these two countries, which motivates our organization to continue supporting Chilean companies to explore opportunities in the Canadian market🇨🇦. We hope this extraordinary alliance between Chile🗿 and Canada 🫎will continue for many years to come. To learn more about this article, click on this link: https://shorturl.at/deQS9 ProChile #investment #chile #canada #foreigninvestmentinchile

Thank you Consuelo Blanco Gamboa, CESGA and FundsPeople (ES) for interviewing me last week when I was in Madrid. This interview was extremely engaging and stimulating because Consuelo is an investment veteran herself. She asked me many high caliber and intelligent questions, which not only reflect her in-depth knowledge and experience in finance, but also showcased her overall assessments and understanding of China and the world. In the interview, I broke down the components of GDP (consumer spending, government spending, net exports, and business investment) and commented on each of them. While the latter three components have stalled or weakened over the past few years in China, finding opportunities in the consumer spending space has been a joy. Not mentioned in the article here, but I shared during the interview our recent investment success in a Hong Kong-listed toilet paper manufacturer (despite a weak Chinese economy, people still use toilet paper, I assume). In America, consumer spending accounts for over 70 percent of GDP, while it only accounts for over 30 percent in China. In my view, this space remains abundant with opportunities, only if one cares to look. The best approach, as I mentioned, is to check out the on-the-ground reality in person. A gateway to do so is to come more often to Hong Kong, and to also explore the Greater Bay Area region. #madrid #spain #hongkong #china #investing #business #economy #outlook Anastasia Cheung Angel Martín Oro https://lnkd.in/gdDsYDaG

Far-right outsider Javier Milei wins Argentina’s presidency🇺🇸🇦🇷 : Argentina's Struggle and the Path to Economic Redemption Hey everyone! 💬 I wanted to talk about Argentina's economic history and the challenges it has faced over the years. Argentina was once a prosperous and developed country, but due to a series of dictatorial regimes, nationalizations, and socialist policies, it has been suffering from decades of high inflation and economic stagnation. The Argentine people have borne the brunt of these hardships. In my opinion, the recent election of the new president, who aims to bring back market economy principles and align with the American system, specifically the adoption of the US dollar, might be a promising economic policy. However, the success of this grand vision will ultimately depend on how effectively it is implemented. Argentina's past serves as a tragic reminder of the failures of socialist planned economies. It is crucial for the country to embrace market economics and align itself with the United States as a possible path to redemption. The road ahead won't be easy, but it seems to be the only viable solution for many countries that have faced similar tragedies. Let's hope that Argentina can learn from its past and successfully navigate this transition towards a market-oriented economy. The Argentine people deserve a brighter future, free from the shackles of inflation and economic decline. 🌟🌍 Feel free to share your thoughts on this topic! 🗣️✨ #Argentina #MarketEconomy #Redemption #UnitedStates #EconomicPolicy #Hope

🌐🤝 Embracing Diversity and Opportunity: Argentina's Rich Mosaic of Cultures 🇦🇷 As professionals, we understand the value of diverse perspectives and experiences in enriching our workplaces and communities. Argentina stands as a shining example of this diversity, seamlessly blending Latin American warmth with European heritage. 🌉 From the vibrant streets of Buenos Aires to the serene landscapes of the countryside, Argentina has become a melting pot of cultures, ideas, and innovations. This has made it not just a destination for tourists, but a hub for expatriates, entrepreneurs, and scholars seeking a dynamic and inclusive environment. 📈 The economic landscape of Argentina, with its mix of traditional industries and burgeoning sectors, offers vast opportunities for growth and collaboration. It's a testament to the country's resilience and adaptability in the global market. 💼 As we navigate the global business world, let's take inspiration from Argentina's approach to diversity and inclusion, recognizing it as a cornerstone for success in today's interconnected economy. #GlobalDiversity #BusinessInArgentina #CulturalIntegration #InclusiveEconomies #ProfessionalGrowth #ArgentinaNetworking

CPO & PARTNERS with Feliu N&I-Consultoría en internacionalización have made a major leap creating an Spanish Desk Location in Shanghai to collaborate and bring global businesses into and out of China. As part of International Consulting Group we are very proud of our partners. For more information, please write to info@bcmc.cl #globaleconomy #internacional #businessconsulting #tax #Law #legaladvice #legal #internationalization