With Mexico regaining its spot among the world’s top 10 tourist destinations in 2014, it is no surprise that the meetings, incentives, conferences and exhibitions (MICE) segment is becoming increasingly dynamic. Recognising the segment’s importance, particularly for states that have traditionally been primarily sun and sand destinations, state authorities are now developing strategies to raise…
The Mexican hotel industry has been in recovery mode since 2009, after feeling the effects of the economic downturn from the 2008 financial crisis and the breakout of the H1N1 virus in 2009. According to consultancy firm Jones Lang LaSalle (JLL), the industry posted average annual growth of 4.7% on occupancy rates and average daily rates in the period from 2009 to 2014, while revenue per available…
The continued increase in market share of low-cost generics, coupled with the consolidation of purchases by the institutional market led to slower revenue growth in pharmaceuticals for human use in 2014. Nonetheless, the strengthening of Mexico’s regulatory framework is opening up new opportunities. Market Fundamentals Generating annual revenues of around $13bn, Mexico’s pharmaceuticals industry…
In an ongoing effort to increase the competitiveness of Mexico’s agriculture sector, the government of President Enrique Peña Nieto is working to establish a national network of agroparks – agro-industrial clusters that concentrate various parts of the production value chain, from storage to processing, value addition activities and logistics services. The concept, which is part of the government’s…
This chapter contains information on hotels, government agencies and other listings, as well as useful tips for visitors on a range of topics such as visa requirements, currency and transportation.…
This chapter provides an overview of Mexico’s legal framework, covering a range of topics from the recent financial and energy reforms to pension funds. In addition, it features a viewpoint by Juan José Lopez de Silanes, Partner, Basham, Ringe y Correa on the energy reform.…
This chapter provides an overview of Mexico’s tax regime, covering areas of particular interest to investors such as individual and corporate income tax, dividend taxation, foreign operations, tax audits and other investor considerations. This chapter includes an interview with Carlos Méndez, Territory Senior Partner at PwC México.…
Despite the pressure Mexico’s demographic boom has placed on its education system, the sector has made notable progress in the past decade, with coverage, especially in primary education, having increased considerably. The system is now faced with the substantial challenge of raising the overall quality of education and increasing coverage at the post-secondary and tertiary levels, while reducing…
A decade after the introduction of the Popular Health Insurance Scheme, 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 announced by the government…
