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Visitor spending on the up: Diversifying offer and source markets for bigger slice of global tourism
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With 32 World Heritage sites and a gastronomy declared by UNESCO as an intangible heritage of humanity, Mexico is an important world tourism site. For its significance to global tourism, it was chosen as the official host of World Tourism day in 2014. The sector contributes more than 8% to national GDP, generates around 2.5m jobs directly and an estimated 5m indirectly, according to the Ministry…

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Fertile ground: While challenges remain, the sector may be set to enter a new period of dynamism
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For the past decade the agriculture sector has grown marginally, as the rest of the economy continues to industrialise. The slow pace of expansion has been due to a number of structural inefficiencies which limit productivity growth, in particular the prevalence of small-scale farmers, limited financing options and widespread rural poverty. In the past three years adverse climatic conditions have…

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Change for the better: The expansion of insurance coverage looks set to shake up the sector
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The introduction of the Popular Health Insurance Scheme (Seguro Popular de Salud, SPS) in 2003 redefined Mexico’s health sector by providing public coverage, albeit limited, to half of the population, which previously had no protection. In a little more than a decade since the introduction of the SPS, Mexico has made vast strides in extending coverage and is closer than ever to attaining universal…

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Focus on quality: Laying the foundations for a results-oriented model
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Despite education spending in line with OECD standards, the quality of Mexico’s school system has lagged significantly behind the organisation’s other members. A powerful teachers’ union has traditionally stood in the way of efforts to reform the sector. Having made considerable advances in extending coverage, particularly at the basic education level, the attention has now shifted towards…

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Changing regulations: A look at recent tax reforms
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On October 31, 2013, the Mexican Congress approved a number of tax amendments for the 2014 period, which went into effect on January 1, 2014. As a result of the different measures approved, the federal government expects to receive revenue of around MXN4.4trn ($341.9bn), which is 12.82% above the 2013 revenue budget. The 2014 Federal Revenue Law used certain estimates and projections in the…

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Moving forward: A raft of recent reforms targets transparency and energy investment
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The year 2013 was one of legal reforms in Mexico. It was possible to enact key changes thanks to the willingness of the main political forces in the country to agree to them, as expressed in the Mexico Pact (“Pacto por México”). Since President Enrique Peña Nieto took office in 2012, his government has put in place structural reforms in two main areas: increasing competitiveness and strengthening…

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Bemused: The highlights of Mexico City’s vast array of museums
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Even by megacity standards, Mexico City has a wealth of museums. From classical painting to dolls and toys, the capital’s more than 200 offerings house a richness and a variety found in few places in the world. Some of the most well-known museums cover art, anthropology, history and technology. They sometimes come with extras. More than 50 of the city’s museums host events on the last Wednesday…

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Facts for visitors to Mexico: Essential things to know before your trip
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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. Though English is spoken in many places, especially among government officials and high-ranking executives, it is advisable to learn some basic Spanish before arrival. WATER: Tap water, though potable, is not recommended…

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Home away from home: Mexico Hotel Listings:
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FOUR SEASONS HOTEL MEXICO CITY Ave. Paseo de la Reforma 500 Colonia Juárez 06600 México D.F. T: (+52) 55 5230 1818 F: (+52) 55 5230 1808 reservations.mex@fourseasons.com www.fourseasons.com/mexico Rooms: 240. Business & Conference Facilities: 1200 sq metres. Health & Leisure Facilities: Health club including two regular treatment rooms and a fitness area, whirlpool, locker room and sauna.…

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Change is in the air: Wide-ranging energy reform could redefine the sector and more
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There is no part of the Mexican energy industry that will not be changed by 2013’s reform. The reform will open the nationalised oil industry to foreign investment, allow for open competition in the electricity market, enable private companies to build natural gas pipelines with more freedom, and will give producers of clean energy better access to customers. The constitutional amendments that serve…