WTO Announces Increase in Exports
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WTO Announces Increase in Exports

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Emilio Aristegui By Emilio Aristegui | Junior Journalist and Industry Analyst - Wed, 06/01/2022 - 20:11

Fitch Ratings Announced that Mexico’s credit rating is likely to remain unchanged, as the WTO reports an increase in exports of intermediate goods.

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Financing and How to Make a Company Grow

“It is common for small and medium-sized companies to seek private financing to sustain their operations, simultaneously aspiring to become unicorns. Private equity is certainly a powerful option in a sector where more convenient options for accessing capital are needed. Furthermore, there is a lack of knowledge of other financing alternatives. Being aware of these options and learning how to use them according to the specific need for capital is more of a competitive advantage than a solution to liquidity challenges,” explained Alejandro Villalobos, Managing Director, North Latam, Cumplo Mexico.

World Trade Organization Announces Increase in Exports

Intermediate goods saw a major increase in global exports, as these inputs increased their flow by 21 percent during 4Q21 following the upward trend observed this year. Mexico’s reduction of tariffs aims to encourage more exports, as its open economy will make it difficult for the country to isolate itself from global inflationary pressures.

“World exports of inputs for transport equipment remained just above their 2020 level, with a year-on-year increase of 2 percent in 4Q21. Compared to the previous quarter, however, the sector’s exports grew by 7 percent,” reads the WTO report.

The Importance of Freelancers

“The pros are that you can access specialized talent based on your needs and when the need does not exist, you can simply just say you do not need their services, and that is that. No extra costs. Clean. You also only pay for what you need. If the freelancer delivers, and your problem is solved, you do not need to keep paying them,” explained Christian Jacobsen, Co-Founder and CEO, CREMA.

If you hire employees, a necessity surges to find something else to do for them. Complexities also begin to appear when problems are not necessarily related to the employee’s skill set, especially when the employee is not specialized. Contracts protect companies when hiring freelancers in case the job is not done adequately. 

“There are laws, there are processes and this is what I predict will make freelancers an in-demand option going forward,” concluded Jacobsen.

Mexico’s Outlook for 2026 is Set to Remain Unchanged: Fitch Ratings

Carlos Morales, Director Latin America Sovereigns, Fitch Ratings, explained that Fitch Ratings is likely to keep the government’s debt ratings unchanged for President’s Lopez Obrador’s term.

“The outlook is Stable, and it is a projection of 12-24 months. When we rate a stable outlook, it means that there is no major risk nor a high probability of a rating to improve or worsen. However, if there is a big change, enough to move our base scenario, we could change the rating,” said Morales during the Fitch on México 2022 event.

Photo by:   Image by Pexels from Pixabay

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