More Filters
There were 1003 results found for:

All Regions and All Sectors

Analysis

The best bet: The gaming industry is expected to register rapid growth
OBG
plus

A surge in the gambling industry in the past seven years has prompted a review of the legislative framework regulating the industry. Mexico’s gambling industry is the second-largest in Latin America after Argentina, generating annual revenues surpassing $10bn. With a new law expected to be introduced in 2014 bringing transparency, the industry is set for continued growth. OLD LAW: The Federal…

Analysis

Open arms: Finding new markets for exports
OBG
plus

Although it has a number of free trade agreements (FTAs), Mexico’s diversification of export markets has been slow. In 2013, five countries – the US, Japan, Canada, Venezuela and Guatemala – accounted for 84.7% of Mexico’s agrifood exports. In the past few years, diversification efforts have for the most part been directed at penetrating markets in Asia. Mexico has attempted to carve…

Analysis

Taking their meds: Regulatory changes have shifted the composition of the market
OBG
plus

Generating revenues of $13.6bn in 2012, Mexico’s pharmaceutical industry is among the 15 largest in the world, second only to Brazil ($16bn) in Latin America. According to ProMéxico, the country’s investment promotion agency, the pharmaceutical industry accounts for 1.2% of GDP, 7.2% of manufacturing GDP and generates 80,000 direct and 300,000 indirect jobs. The pharma market is attractive…

Analysis

Tourist hub: Medical tourism continues to expand, attracting 1m visitors in 2013
OBG
plus

Attracting 1m medical tourists in 2013, Mexico has claimed the number two spot in the global medical tourism industry, behind only Thailand (1.2m). According to the Ministry of Tourism (Secretaría de Turismo, SECTUR), the industry reached $2.84bn in revenues, prompting the current administration to define a strategy to improve the country’s international competitiveness. With advantages including…

Analysis

Powering up: While reform spells opportunity, infrastructure upgrades are needed
OBG
plus

Like the oil industry, electricity in Mexico has been dominated by a state-owned company for a number of years. The Federal Electricity Commission (Comisión Federal de Electricidad, CFE) is the sole provider of transmission and distribution services and also controls all output, producing 70% of electricity on its own and sub-contracting the other 30% to private firms. Energy reform will break the…

Analysis

Shale potential: Unlocking resources and playing catch up with its northern neighbour
OBG
plus

There is no difference in geology between the Mexican and US sides of the Texas border, but there is a difference in activity. South Texas is the centre of the US shale revolution. Thousands of shale wells have been dug and their production has enriched the region. The Eagle Ford Formation (EFF), where most of Texas’s wells are located, stretches into Mexico, but on that side of the border, the vast…

Overview

Building up: Taking the necessary steps to carry the country forward
OBG
plus

More than a decade of multi-party elections have consolidated Mexico’s transition to democracy, while the current administration’s ambitious reform agenda promises to take the country to its next phase of development. Radical changes in education, telecoms and energy, among other areas, aim to bring dynamism to the economy and have attracted significant global attention, though not without some…

Overview

Kaleidoscope of colour: Diversity in culture, history and food under one nation
OBG
plus

In addition to being the second-largest economy and second-most-populous country in Latin America, Mexico is geographically and culturally diverse. The country boasts more than 9000 km of coastline and terrain varying from desert to mountains to rainforests, as well as a rich cultural heritage that includes numerous well-preserved ancient indigenous cities. Mexico is also a significant producer of…

Overview

Steering the best course: With several competitive advantages, the government is working to tackle challenges to growth
OBG
plus

Mexico is the second-largest economy in Latin America, a manufacturing giant that gets more competitive every year, a country with substantial natural resources and one of the most open economies in the world. It also suffers from a host of economic problems that contributed to growth nearly grinding to a halt in 2013, such as informal employment, inadequate government revenues and deficient domestic…

Overview

On a roll: With reforms under way the sector looks set to continue positive trends over the next few years
OBG
plus

Despite slow growth in the Mexican economy in 2013, the prospects for the next few years remain positive, given recent structural reforms, a stable macroeconomic environment and an improved credit rating. The banking system has been experiencing a period of stability not seen in its recent history. Not only was it not affected by domestic financial crises, but it also demonstrated resilience in the…