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Analysis

Export of Mexico's food products grow and diversify
OBG
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The Mexican agriculture for export segment closed 2016 with a rare trade surplus and with exports up 13.7% for a value of $14.74bn. This meant it surpassed both tourism and oil as a source of foreign revenues and also overtook Canada to become the top exporter of agricultural goods to the US. A range of products from raspberries to pork showed significant growth and demonstrated the diversity of Mexican…

Analysis

Mexico's government turns to private sector to cope with rising demand
OBG
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In January 2016 President Enrique Peña Nieto’s first public appearance was to inaugurate Chiconcuac Community Hospital. “The first thing we want is health,” he announced at the event. “Let this be a year full of health, achievements and accomplishments, which is why I am devoting the first public events of the year to the theme of health in our country.” In his three years as president…

Analysis

Leading medical devices exporter in Mexico's health sector experiences rapid growth
OBG
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With the expansion of hospital infrastructure through the awarding of private-partnership contracts for hospitals and the growing tendency for public health providers to outsource procedures to private clinics, the market for medical devices in Mexico is buoyant. “Many in the health sector in Mexico have the perception that the investment priority is all about the pharmaceutical industry which is…

Analysis

Price of pharmaceuticals in Mexico falls due to recent reforms
OBG
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Mexico is the world’s 11th largest pharmaceutical market and one of its most dynamic. Its performance in recent years depends on the metrics it is viewed from. In 2016 the market was worth $13.9bn, down from $17.2bn in 2014, according to data from IMSS health. However, with most pharmaceuticals priced in dollars the devaluation of the Mexican currency was a central reason for this fall. In peso…

Analysis

New legislation for sustainable development of Mexico's real estate sector
OBG
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The expected scenario for the real estate sector in Mexico City – the largest urban concentration in the country – is strong stable growth. This is due to the conclusion of policies, including the National Housing Policy begun in 2013, which seek to promote the orderly and sustainable development of the sector, its standardisation and the construction of better housing. Housing Policy In February…

Analysis

Regulations and obligations in Mexico's value-added tax
OBG
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VAT in Mexico is governed by the Value-Added Tax Act (Ley del Impuesto al Valor Agregado). It is the country’s main indirect tax and is applied at a standard rate of 16%, however there is a 0% rate for exports and the supply of local goods and services. As with any other indirect tax, VAT is not paid directly, but is transferred or charged to a third party until it reaches the final consumer. Levy VAT…

Analysis

Revised framework of Mexico's employment legislation would help promote formal job creation
OBG
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Labour market reforms undertaken in 2012 did not produce the intended results of facilitating the creation of formal employment in Mexico, essentially reforming workers’ rights to give employers more power over their staff. Four significant changes can be observed in articles 15 A, 15 B and 15 C, which, unsuccessfully tried to regulate outsourcing through third-party hiring or subcontracting, thus…

Analysis

Improvements to legal framework support Mexico's development
OBG
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Opportunities for private companies in Mexico are supported by intellectual property regulations and the increasing use of PPPs to deliver infrastructure. The intellectual property legislation, improved by the North American Free Trade Agreement (NAFTA) and the local Agreements on Trade-Related Aspects of Intellectual Property Rights have benefited the control of intellectual property rights, patents…

Analysis

Pharmaceutical companies in Mexico capitalise on market conditions
OBG
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The Mexican pharmaceutical industry has potential for the deployment of research and development (R&D) capital. Since 2010 the strategy of the Federal Commission for the Protection from Sanitary Risk (Comisión Federal para la Protección contra Riesgos Sanitarios, Cofepris), the regulatory body governing the sector, has enabled faster licensing of new products and allowed Mexico to become one…

Overview

Despite recent uncertainty, Mexico remains crucial regional player
OBG
plus

Mexico is the third-largest and second most populous country in Latin America. It is connected by language and culture to the countries lying to the south, while geography makes it part of North America and provides for close economic ties with the US and Canada. Memberships to the North American Free Trade Agreement (NAFTA), the OECD and the Pacific Alliance have been a major source of economic and…