MEXICO CITY — Amazon.com Inc is preparing to open a 1 million square-foot warehouse near Mexico City, sources familiar with the project said, part of an effort to boost its presence in Mexico’s nascent e-commerce industry.
Reuters reported the new warehouse is slated to be built in the Tepotzotlan municipality about 25 miles (40 km) north of the Mexican capital, according to four Mexico City real estate professionals familiar with the plans. Expected to be completed next year, the facility would triple Amazon’s distribution space in Mexico, home to around 120 million potential customers.
Amazon’s Mexico push comes amid talks to revamp the North American Free Trade Agreement, which could benefit the Seattle-based retailer if the United States persuades Mexico to raise a $50 limit on the value of online purchases that can be imported duty-free.
To read complete article click here.
more recommended stories
Yucatan is searching for “Miss Earth 2019”
“Miss Earth Yucatan 2019 is a.
Celestún, love at first sight
Whoever rejects the hypothesis of love.
Scientists say the Maya Kept Jaguar Zoos for Centuries
A chemical analysis of excavated bones.
Mexico forced to ask for help from the UN Refugee Office before imminent Honduran caravan
Mexico says it will ask the.
Top news from Cancun Travel Mart
Cancun Travel Mart, one of Mexico’s largest tourism.
Marijuana stocks to watch: Canopy Growth is the cannabis business’s $4 billion gorilla
The following article is part of.
Riviera Maya among the top 6 honeymoon destinations around the world
Couples narrowing down their honeymoon destination.
How Our Search for an Overseas Retirement Spot Surprised Even Us
When I retired about two years.
AMLO will provide working visas to Central Americans immigrants
Andrés Manuel López Obrador, said his.
Trump Threatens To Order Military To ‘Close Our Southern Border’
President Donald Trump on Thursday October.