Just last week, the UK applied to become a member of the Asia – Pacific Free Trade Pact, formally known as The Comprehensive and Progressive Agreement for Trans-Pacific Partnership - or CPTPP - covers a market of around 500 million people (www.bbc.com/news/). Mexico is part of this agreement and USA is expected to joint with the new Biden Administration.

Rules of Origin for the Auto Industry in North America will redefine the regional value chain. From 62.5% of regional contents that NAFTA required, to 75% with the new treaty and with explicit inclusion of steel and aluminum from local suppliers.

In ONILOG we are optimistic about our expectations for 2021 and as stated in previous articles, we always choose to see the glass half full and work diligently to continue creating value. There were hard decisions which had to be taken at the beginning of the year to adjust our company to the actual level of operations and to prepare us to meet the projected growth due to the vast number of projects expected to land starting 2Q 2021.

The president the United State of America (USA) has signed a new $900 billion COVID relief legislation into law, and now the US economy will get more than a second stimulus check. “The new law renews some government financial assistance already starting to expire, including $300 weekly unemployment checks, an eviction-ban and help for small businesses to cover payroll” said several news outlets so far, but could be more coming.