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Overview

Increase in international penetration for industry in Mexico
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With 11 international treaties with 46 countries, Mexico boasts commercial agreements with nearly every region in the world, making it one of the most globalised economies. This global connectedness has helped Mexican industry evolve immensely. Prior to the 1990s, the Mexican economy enjoyed relatively low dependence on non-oil exports to the US and the rest of the world. This changed significantly…

Overview

Public-private cooperation increases in Mexico's health sector
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A decade after the introduction of the Popular Health Insurance Scheme (Seguro Popular de Salud, SPS), the national insurance programme, Mexico has made tremendous progress toward attaining universal coverage, albeit limited. The country is now striving to guarantee universal access to health care, not an easy feat for a fragmented system suffering from decades of under-spending. While the sector reform…
Interview

José Antonio González Anaya, Managing Director, Mexican Social Security Institute (Instituto Mexicano del Seguro Social, IMSS): Interview
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Interview:José Antonio González Anaya In 2014, Mexico experienced the second-largest increase in formal employment since 1997. What were the main causes of this growth? JOSÉ ANTONIO GONZÁLEZ ANAYA:This recent growth in formal employment has centred around manufacturing, although construction picked up in the last six months of the year. What is impressive about the increase was that…
Interview

Sandra Sánchez y Oldenhage, Director-General, PROBIOMED: Interview
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Interview:Sandra Sánchez y Oldenhage How will new regulations affect biotech companies? SANDRA SÁNCHEZ Y OLDENHAGE: As of December 2014 there is a new set of rules: Regulation 257 was published, affecting biosimilar and biotechnological products in Mexico. This has been a very lengthy process and a controversial one, but one that has resulted in Mexico having a high-standard regulation…
Analysis

Levelling the playing field: Price reductions and increased competition seen as initial results of reform

Posted OBG AdminPosted in Uncategorized

Recent regulatory reforms are starting to produce results in Mexico’s telecoms sector. Although a new legislative bill was signed into law by President Enrique Peña Nieto in June 2013, it was not until mid-2014 that the secondary laws were implemented. (https://canablue.com) The new laws were put in place as a way to curb the supremacy of Amé rica Móvil, which was declared a dominant player by…
Analysis

Wealth of possibilities: A rich supply of natural resources supports the burgeoning mining sector

Posted OBG AdminPosted in Uncategorized

Contributing around 5% to the country’s total GDP in 2013, Mexico’s mining sector is among the top 10 world producers for at least 16 minerals. The country is the global leader in silver production and is the tenth-largest copper producer, according to the Mexican Mining Chamber (Cámara Minera de México, Camimex). With a wealth of natural resources, the country is dependent on the mining sector…
Analysis

Joining forces: The public and private sectors are working together to develop medical tourism

Posted OBG AdminPosted in Uncategorized

Competitive prices, proximity to high-potential markets and a number of hospitals recognised by the Joint Commission International are some of the factors that make Mexico a key player in the global medical tourism industry. According to the investment promotion agency ProMéxico, the segment has posted continuous growth for almost a decade, reaching an estimated $3.08bn in revenues in 2014, up 8%…

Country Report

The Report: Mexico 2015
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Slow economic growth – in large part a result of oligopolistic market distortions, low productivity and financial exclusion – has characterised Mexico’s economic performance for much of the past decade. Taking office in December 2012, the government of Enrique Peña Nieto set out to boost Mexico’s competitiveness with a package of structural reforms affecting a number of sectors, including

Analysis

Partners in progress: Mexico looks to the Pacific Rim to expand its economy
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Redefining Mexico’s position in the world, notably by strengthening ties with the Asia-Pacific region, is one of the overarching goals of President Enrique Peña Nieto’s key structural reforms to transform the country into a modern, competitive economy. In order to increase its trade capacity in the region, Mexico became a party to the Trans-Pacific Partnership (TPP) in 2012, an ambitious regional…

Analysis

Putting people first: Education reforms are set to help assure future growth
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A raft of structural reforms, aimed at improving competition and efficiency, is being implemented in Mexico in an effort to boost the economy. The impact of these reforms – 11 in total – is expected to be felt increasingly across a number of economic sectors, especially in energy, telecoms and financial services, with taxation, transparency, competition and labour among the areas specifically targeted.…