In Inglés The first round of auctions to award important works of oil exploration and production in Mexico will begin early next year, with 169 blocks covering an area of 28,500 square kilometers to tender as a result of extensive reforms introduced last year to open industries electricity and gas to private investment. The initial conditions for the "round one" will be announced in December,…
In Inglés Las empresas privadas de infraestructura y construcción en América Latina están tratando de hacerse con un pedazo de la torta del recientemente anunciado proyecto de 9,100 millones de dólares para construir uno de los mayores aeropuertos del mundo en Ciudad de México. El nuevo aeropuerto contará con una capacidad total proyectada de 120 millones de pasajeros de aquí a 2050 -cuatro…
The new Insurance and Surety Institutions Law (Ley de Instituciones de Seguros y de Fianzas, LISF), together with amendments to the Insurance Contract Law, were first drafted back in 2008. From 2008 to 2011 the draft was discussed among key industry players and in October 2012 it was presented to the Mexican Congress. The law was approved in February 2013 and thereafter published in April 2013. The…
Enhancing Mexico’s traditionally low rate of insurance penetration has proved a challenge over the years. Indeed, the latest National Survey for Financial Inclusion (Encuesta Nacional de Inclusión Financiera, ENIF) conducted by the Mexican National Banking and Securities Commission and the National Institute of Statistics and Geography, shows that in 2012 only 22% of the adult population was covered…
In English¿Qué tipo de reforma fiscal necesita el país con el fin de mejorar la recaudación de impuestos? ¿Fue la reforma aprobada el año pasado lo suficientemente sólida? BARCENA: La reforma fiscal presentada por el presidente Enrique Peña Nieto, aprobada recientemente por el Congreso, no es aún la reforma que México necesita, sino que debe ser vista como un primer paso en la dirección…
In EnglishLos poco esperanzadores resultados que arrojó la economía mexicana durante el primer trimestre del año, condujeron a que a finales del mes de mayo el gobierno redujera su pronóstico de crecimiento del PIB para el 2014, al ir del 3.9% al 2.7%. Si bien el presidente Enrique Peña Nieto ha anunciado seis pasos que el gobierno dará con el fin de acelerar el crecimiento, es probable que la…
The year 2014 marks the 20th anniversary of the North American Free Trade Agreement (NAFTA), a comprehensive deal establishing the terms of trade and investment between Mexico, Canada and the US. With a $19trn market, NAFTA is one of the largest trading blocs in the world, encompassing some 500m people and a wealth of natural resources. Two decades on, proponents and critics continue to disagree on…
In line with reforms pertaining to energy, education and telecommunications, Mexico is also amending its tax system (see Tax chapter). In late 2013, President Enrique Peña Nieto signed the new reform into law, which was thereafter approved by Congress. The reform aims to reduce dependence on energy revenues and to boost tax collection through a series of measures, including higher taxes for the wealthy…
In the 20 years since the North American Free Trade Agreement (NAFTA) was implemented, successive Mexican governments have remained committed to opening borders and promoting trade. After Mexico, the US and Canada launched NAFTA in January 1994, Mexico entered into FTAs with more than two dozen countries, making it one of the most economically open countries in the world. In the 1990s, Mexico signed…
