Mexico has posted strong agricultural export growth since 2013, turning around a deficit in the country’s trade balance of agriculture products that reached nearly $4bn in 2012. According to the Ministry of Agriculture, Livestock, Rural Development, Fisheries and Food (Secretaría de Agricultura, Ganadería, Desarrollo Rural, Pesca y Alimentación, SAGARPA), Mexico achieved a sector trade…
Steady progress has been made in the expansion and modernisation of Mexico’s health care sector in recent years. Some of these improvements have stemmed from the sector increasingly turning to public-private partnerships, with the private sector playing a larger role in operational management, outsourced services and construction. Major steps have also been taken to support the expansion…
Since enacting a constitutional change defining the right to education in 2013, Mexico has been working to implement sector reforms to enhance the national school system. As the domestic economy is primarily focused on technical export manufacturing, the reforms aim to strengthen the primary and secondary education system to increase the flow of skilled candidates to university and into the…
In 2017 Mexico’s GDP grew by 1.5%. GDP growth of 2.3% is expected in 2018. The latter compares positively against the projected average of Latin America economies, although it is lower than what was expected from the implementation of the structural reforms described below. Annual inflation rose to 6.77% during 2017, which represented the highest rate recorded in the last 17 years, contributing…
Recent decades have seen a downward trend in corporate taxation, with headline corporate tax rates falling by 20 percentage points since the early 1980s. The average for advanced economies dipped to 22% in 2015, and investment incentives have further reduced effective rates for transnational corporations. After the 2007-08 global financial crisis, many countries had to slash spending and raise…
TRANSPORT: There are 85 airports in Mexico, 59 of them international. Due to the vast distances there are to travel within a country that spans nearly 2m sq km, flying is one of the most common modes of transport. Numerous low-cost airlines, such as Interjet, Volaris and VivaAerobús, operate on key routes, competing with flag carrier Aeroméxico. Although flight prices remain low, airport taxes…
THE ST REGIS MEXICO CITY T: +52 55 5228 1818 mexico.city@stregis.com www.stregismexicocity.com Rooms: 189 rooms, including deluxe and grand deluxe; 37 suites ranging from 60 to 153 sq metres. Business & Conference Facilities: 12 function rooms covering a total of 1672 sq metres, including the 775-sq-metre grand Astor ballroom and the 180-sq-metre Diamond ballroom. Health & Leisure Facilities:…
A unique fusion of Meso-American and Spanish cuisine, Mexico is home to some of the most culturally diverse and flavoursome food in the western hemisphere. With delicacies such as deep-fried grasshoppers and eye tacos, the country’s various regions give rise to dishes that range from the sublime to the bizarre. MAIZE: Mexico is known as the land of maize. Since before the land was even referred…
Strategically located between the Americas, Europe and Asia, Mexico is Latin America’s second-largest economy after Brazil, and has established itself as an important manufacturing and export power, particularly since the implementation of the North American Free Trade Agreement (NAFTA) in 1994. The country has significant oil, gas and mineral reserves, a young population, public and private universities,…
The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are presenting emerging markets with opportunities, as well as risks. Wealthier emerging markets, such as the Gulf states, that have the resources to invest in new technologies, and those…
