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Public and private efforts create dynamic health care sector in Mexico
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With much of President Enrique Peña Nieto’s reform agenda taken up by sweeping changes to the energy, telecoms and education sectors, the Mexican health sector has rarely made front page news. But while structural reform was put on the political backburner, impressive strides have been made to tackle the rise of non-communicable diseases (NCDs), cut unnecessary costs and improve infrastructure.…

Overview

Major reforms in Mexico to improve standards in educational system
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Since 2013 the government of President Enrique Peña Nieto has been pushing for a major overhaul of the Mexican public education system. While opposition from powerful teachers’ unions has slowed progress on an education reform bill, a 2013 constitutional change has deepened the government’s commitment to improving the quality of Mexican schools, not just access to them. With the impetus for reform…

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Mexico's tax system designed to benefit all citizens
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Companies and individuals doing business in Mexico are subject to federal, state and local taxes. Federal taxes in Mexico include direct taxes (corporate and personal income) and indirect taxes, which comprises value-added tax (VAT), excise taxes and Customs duties. Property tax, real estate transfer tax and payroll taxes are the most significant categories among state and local taxes. Tax Policies The…

Overview

Diverse celebrations form the backbone of the country’s cultural heritage and expanding tourism attractions
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A religious and historical synergy between Catholicism and indigenous practices gives Mexico the perfect cultural cocktail for a wide variety of festivals. Many are well known internationally, while others are yet to be largely recognised outside the country. Day Of The Dead Día de los Muertos(Day of the Dead) is arguably one of the most well-known Mexican festivals outside of the country,…

Overview

Essential things to know before your trip to Mexico
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Language Spanish is the official language and is spoken throughout the country. However, there are as many as 62 dialects, the most widely spoken being Nahuatl, Maya and Mixteco. Although English is spoken in many places – especially among government officials and high-ranking executives – it is advisable to learn some basic Spanish phrases before arrival. Etiquette A handshake for men and…

Overview

Tranquillity in the city: Mexico Hotel Listings
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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 functional meeting spaces for up to 600 occupants include full service and several small meeting rooms. Health & Leisure Facilities: Reméde Spa, indoor swimming…

Overview

Private sector involvement and efficient use of funds in Mexico's research sector
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Mexico has long recognised the importance of research and innovation to the development of a strong and sustainable economy. To date, however, the goal of boosting research and development (R&D) spending to 1% of GDP has remained somewhat distant, with public spending across a variety of programmes having an only limited effect on encouraging the development of new technologies and innovative…
Interview

President Enrique Peña Nieto: Interview
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Interview:President Enrique Peña Nieto In what ways is your administration improving the position of small and medium-sized enterprises (SMEs) in Mexico? PRESIDENT ENRIQUE PEÑA NIETO: We decided that any policy should be aimed not only at companies, but also at entrepreneurs. Therefore, we have two broad objectives: to promote innovative ventures through the creation of capital funds and…
Interview

Mauricio Macri, President of Argentina: Interview
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Interview:Mauricio Macri To what extent will new economic reforms bolster foreign direct investment (FDI) in Argentina? MAURICIO MACRI: Our main long-term objective as a government is to advance towards zero poverty. The state has a responsibility to help those with the greatest need, and the only sustainable way to do this is by creating jobs. We must generate trust so that we can attract…
Interview

Paulo Carreño King, Director-General: Interview
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Interview:Paulo Carreño King How will the ongoing rollout of structural reforms incentivise foreign direct investment (FDI)? PAULO CARREÑO KING: President Enrique Peña Nieto’s 13 structural reforms were implemented precisely to transform Mexico’s economy through increasing its productivity and competitiveness. More specifically, many of these reforms have allowed for the opening of new…