Business news from Ukraine

New Ambassador of Mexico appointed to Kyiv

Deputy Foreign Minister of Ukraine Iryna Borovets received copies of credentials from the newly appointed Ambassador of the United Mexican States to Ukraine, Audencio Contreras Gonzalez.

According to the press service of the Ministry of Foreign Affairs of Ukraine, the parties discussed issues of strengthening and intensifying bilateral relations, primarily in the political and economic spheres.

Borovets expressed gratitude for Mexico’s participation in the Global Peace Summit, which confirms the country’s commitment to the principles of the UN Charter. She emphasized the importance of joint efforts to establish a just and sustainable peace in Ukraine.

“The diplomats also exchanged views on Ukraine’s cooperation with Latin American and Caribbean countries and opportunities for further development of bilateral relations,” the statement said.

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Mexico is electing president and members of parliament

Three candidates are vying for the position of head of state in presidential elections being held in Mexico on Sunday, the Associated Press reported.

The incumbent president Andres Manuel Lopez Obrador is not taking part in the election, while Claudia Sheinbaum, who is favored by many observers to win, is running on behalf of his National Revival Movement party.

Sheinbaum’s rivals are Sochitl Galvez of the opposition center-right bloc “Strength and Heart for Mexico” and former member of the lower house of the Mexican parliament Jorge Alvarez of the “Citizens’ Movement” party.

Observers, paying attention to the trio of candidates, note the high probability that the new president of Mexico for the first time could be a woman.

Mexico’s president is elected for a six-year term.

In addition to the presidential elections on Sunday, Mexico is holding parliamentary elections, as well as local elections, including the mayor of the capital Mexico City and governors of eight states.
Earlier Experts Club analytical center presented analytical material about the most important elections in the countries of the world in 2024, elections in Mexico were among the top 5 most important elections in the world in 2024, more video analysis is available here – https://youtu.be/73DB0GbJy4M?si=eGb95W02MgF6KzXU.

Subscribe to Experts Club YouTube channel here – https://www.youtube.com/@ExpertsClub

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MEXICO STARTS NEXT REVIEW OF SAFEGUARD DUTIES ON IMPORTED HOT ROLLED SHEETS FROM UKRAINE AND RUSSIA

The Economy Secretariat (Secretaría de Economía) of Mexico has announced the launch of an administrative procedure for reviewing safeguard duties imposed on hot rolled sheets originated from Ukraine and Russia.
According to the announcement made on March 26, 2020 on official website of the Mexican government bulletin, the duties are being reviewed as the duties imposed earlier expired.
According to the document, safeguard duties on hot rolled sheets were imposed by Mexico on March 28, 2000 in the amount of 46.66% for Ukraine and 30.31% for Russia. On March 17, 2006, the duties were extended. After the new revision on September 8, 2011 it was decided to cut the duties for Ukraine to 25% and to 21% for Russia. On January 28, 2016 it was decided to extend the duties.

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MEXICO STARTS NEXT REVIEW OF SAFEGUARD DUTIES ON IMPORTED HOT ROLLED SHEETS FROM UKRAINE, RUSSIA

The Economy Secretariat (Secretaría de Economía) of Mexico has announced the launch of an administrative procedure for reviewing safeguard duties imposed on hot rolled sheets originated from Ukraine and Russia.
According to the announcement made on March 26, 2020 on official website of the Mexican government bulletin, the duties are being reviewed as the duties imposed earlier expired.
According to the document, safeguard duties on hot rolled sheets were imposed by Mexico on March 28, 2000 in the amount of 46.66% for Ukraine and 30.31% for Russia. On March 17, 2006, the duties were extended. After the new revision on September 8, 2011 it was decided to cut the duties for Ukraine to 25% and to 21% for Russia. On January 28, 2016 it was decided to extend the duties.

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MAJOR EXPORTS OF TITANIUM ORE FROM UKRAINE ARE MADE TO EGYPT, MEXICO, CZECH REPUBLIC

Ukraine in January-May 2019 increased exports of titanium containing ore and concentrate in kind by 6.1% compared to January-May 2018, to 257,369 tonnes. According to customs statistics released by the State Fiscal Service, over the period exports of titanium ore and concentrate in monetary terms increased by 23.5%, to $62.121 million.
Major exports were made to Egypt (19.94% of deliveries in monetary terms), Mexico (16.52%), and the Czech Republic (14.72%).
Ukraine in January-May 2019 imported 243 tonnes of similar products worth $171,000 from Senegal, while in January-May 2018 it imported 15,457 tonnes of titanium ore and concentrate worth $2.854 million from Senegal.
As reported, Ukraine in 2018 increased exports of titanium containing ore and concentrate in kind by 2.7% compared to 2017, to 599,494 tonnes. Last year exports of titanium ore and concentrate in monetary terms increased by 19.5%, to $125.722 million. Major exports were made to the Czech Republic (19.41% of deliveries in monetary terms), Turkey (17.96%), and Russia (15.68%).
Ukraine in 2018 imported 15,874 tonnes of similar products worth $3.142 million from Senegal and Mozambique, while in 2017 it imported 202 tonnes of titanium ore and concentrate worth $143,000 from Senegal (87.41%), Finland (10.49%), and Iran (2.1%).
Vilnohirsk state mining and metallurgical combine (Dnipropetrovsk region), Irshansk state mining and processing combine (Zhytomyr region), Valki-Ilmenite and Mezhdurechensk Mining and Concentration Complexes (both are located in Irshansk, Zhytomyr region) are the main producers of titanium ore in Ukraine.
Dnipro-based Velta production and commercial firm built a mining and processing complex at the Birzulivske ilmenite deposit, which has a 240,000-tonne ilmenite concentrate capacity per year.
Holding company Velta Group Global Ltd. was registered in London in November 2011.

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