Energy Reform: Powering Mexico’s Economy On December 20, 2013, President Peña Nieto signed into law a landmark energy bill approved by the Mexican Congress. The Energy Reform amended articles 25, 27 and 28 of the Mexican Constitution with the aim to transform the country’s energy sector by opening up oil, gas, and electric energy generation […]
Mexico’s Customs Reform for Trade Facilitation Mexico’s tax and customs reforms show the Mexican government’s strong commitment in boosting the country’s competitiveness, and improving its attractiveness for doing business. They also prove the country’s willingness to make North America the most prosperous and competitive region of the world and its determination to increase and facilitate […]
US – Mexico Trade Reaches New High The trade relationship between Mexico and the United States demonstrated another solid performance as products traded between both countries set a new historical record at $506 billion in 2013. Over the 20 years of NAFTA, trade between Mexico and the U.S. has more than sextupled, growing nearly 10% […]
Mexico’s Tax and Social Security Reform Approved On October 31st, 2013, the legislative process for a new tax reform culminated with its approval by the two chambers of the Mexican Congress after intense negotiations began when Enrique Peña Nieto, President of Mexico, submitted its tax overhaul proposal for congressional consideration on September 8th. The tax […]
Mexico Deepens Trade Integration with Panama This past May, the leaders of Mexico and Panama decided to strengthen bilateral economic relations with the negotiation of a free trade agreement (FTA). The agreement will allow Mexico to deepen its trade and economic integration with Panama and Central America by promoting greater reciprocal investment flows and at […]
Mexico Sets Record-Breaking Investment Inflows Mexico’s attractiveness as an investment destination is increasingly rapidly, with solid expectations of long-term economic growth driving foreign direct investment (FDI) flows into the country’s wide range of globally competitive economic sectors. In the first half of 2013, Mexico received $23.8 billion in FDI, 2.5 times higher than the same […]
Mexico Reinforces its Commitment with Climate Change Agenda On June 3, 2013, Mexico issued a new National Climate Change Strategy aimed at transitioning toward a competitive, sustainable and low carbon emissions economy. The strategy details the lines of action to be implemented at the three levels of government in order to combat and mitigate climate […]
Mexico’s Infrastructure Strategy: Opening Investment Opportunities On July 15, 2013, Mexican President Enrique Peña Nieto announced a six-year plan to invest over $300 billion dollars in infrastructure with public and private funds in the transport, telecommunications, water and energy sectors. The Electrical Manufacturing Industry in Mexico The electrical manufacturing sector is becoming increasingly important to […]
Mexico’s National Development Plan 2013-2018: Bring Mexico to its Full Potential On May 20th, 2013, President Enrique Peña Nieto of Mexico released the National Development Plan 2013-2018 which establishes the current Administration goals and policy actions for the country. The policy guidelines are aimed at boosting Mexico’s economic growth and social development. Mexico Improves Ranking […]
Mexico’s Telecommunications Sector Reform The Telecommunication services is one of the most dynamic economic sectors in Mexico. In order to increase its efficiency, coverage and growth, the Mexican Congress approved constitutional amendments to the sector’s legal framework. New High-Impact of Cloud Technology in Mexico Cloud computing is currently one of the most transformative technologies with […]
The Mexican Auto Parts Industry is Moving at a High Speed In 2012, the Mexican auto parts industry became the 5th largest in the world, surpassing South Korea and just behind China, Japan, Germany and the United States. Last year, Mexico’s auto parts production reached a historical high at $75 billion after experiencing an outstanding […]
Border Infrastructure’s Key Role in Expanding U.S.-Mexico Trade The increased usage of cross-border production lines has resulted in a very unique trading relationship between the U.S. and Mexico, where working to establish a trade facilitating border infrastructure is now crucial to successfully competing in the global market. Consumer Products from Mexico are Reliable and Safe […]