Proactive Investors - Run By Investors For Investors reportedly mulling building a huge warehouse near Mexico City

Amazon was a relatively late entrant to the Mexican market but it ain't hanging about
Mexican border
Surely a better books seller for Mexico would be Borders?

Online retail monster Inc (NASDAQ:AMZN) is planning to build a one million square foot warehouse near Mexico City.

CNBC reported that the new warehouse is set to be built some 25 miles from the Mexican capitol, and therefore some 450 miles from the proposed site of another massive construction project: President Trump’s border wall.

Despite the disruption Trump’s proposal has caused in relations with Mexico, there are hopes that the North American Free Trade agreement will be revamped, with CNBC reporting that – for obvious reasons – Amazon is keen for a lifting of the US$50 limit on any online purchases in Mexico to be part of the new agreement.

Amazon spokesman Julio Gil declined to comment on the report.

"We're trying to eliminate any friction," CNBC reported Gil as saying.

Now there’s a thought …

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February 14 2019

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