Mexico Bans GM Corn, Canada Swears In New Prime Minister

The government has published a new reform to safeguard native crops. The OECD warns that rising US tariffs may slow growth in North America, with Mexico possibly seeing a recession and increasing inflationary pressures. In addition, Mark Carney is sworn in as Canada’s 24th Prime Minister. His cabinet will focus on economic growth, national security, and affordability.

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Mexico Issues Decree Banning GM Corn

The Mexican government has officially issued a decree in the DOF, prohibiting the use of genetically modified (GM) corn throughout the country. This decree formalizes constitutional reforms to Art. 4 and 27, which aim to conserve and protect native corn varieties. The decree took effect on March 18.

OECD Warns Tariffs Threaten North America’s Economic Stability

The latest OECD Economic Outlook Interim Report warns that escalating trade restrictions threaten North America’s economic stability. The United States’ recent tariff policy is set to slow growth across the region. Canada and Mexico are expected to face severe economic consequences, with Mexico potentially entering a recession in 2025. The report highlights that a more moderate tariff approach could ease economic strain, leading to higher growth and lower inflation.

Mark Carney Sworn In as Canada’s 24th Prime Minister

Mark Carney was officially sworn in as Canada’s 24th Prime Minister. Alongside him, members of the 30th Canadian Ministry also took their oaths of office, forming a new, streamlined cabinet. The newly appointed cabinet is designed to be action-oriented, incorporating experienced leaders alongside fresh voices. The 30th Canadian Ministry consists of 23 ministers, in addition to the Prime Minister, reflecting a strategic effort to make government more efficient and effective.

Mexico Begins to Update National Climate Commitments

Mexico has launched a series of sectoral dialogues to update its Nationally Determined Contribution (NDC), the country's official commitment to mitigating and adapting to climate change under the Paris Agreement. The update, known as NDC 3.0, is required by 2025 and must reflect increased ambition based on scientific evidence.  

Latin America is Making Strides in Corporate Sustainability

As part of the launch of the Master’s in Sustainable Business at Tecnológico de Monterrey, EGADE Business School presented the Corporate Sustainability Index in Latin America, a report assessing the progress of sustainability in the region’s business sector