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Interview

OBG talks to Emilio Lozoya Austin, Director-General, Petróleos Mexicanos (PEMEX)
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Interview:Emilio Lozoya Austin How drastically could the planned energy reforms affect the sector and PEMEX? EMILIO LOZOYA AUSTIN: The energy reform will open Mexico’s oil and gas industry to a competitive market for the first time in 75 years. This will make PEMEX’s corporate structure, unchanged since 1992, obsolete. To adapt, PEMEX needs to undergo restructuring to become a more efficient…
Interview

OBG talks to Pedro Joaquín Coldwell, Minister of Energy
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Interview:Pedro Joaquín Coldwell What exploration measures have been taken to help halt the further decline of oil production? PEDRO JOAQUÍN COLDWELL: Had the constitutional energy reform not been passed, Mexico would have run the risk of becoming completely dependent on imported energy in just a few years. With the reform, this trend will be steadily reversed. Even though we invest more…
Viewpoint

US President Barack Obama on enhancing US-Mexico cooperation
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I want to focus on five areas where we can do more to help both our nations. First, let us do more to expand the trade and commerce that creates jobs for our people. We already buy more Mexican exports than any other country and sell more US exports to Mexico than we do to Brazil, Russia, India and China combined. Mexican companies are investing more in the US, and we are the largest foreign investor…
Viewpoint

Amílcar Peredo Rivera, Partner, Basham, Ringe y Correa, on what to expect from the recent, wide-ranging legal reforms
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Structural reforms were the major legal event in Mexico in 2013, affecting three main areas: increasing competitiveness, strengthening the institutional system and expanding social rights. Under the Pact for Mexico (Pacto por Mexico), which was established in 2012 by the leaders of the three major political parties and the presidency in order to work together on shared priorities, the Mexican Congress…
Chapter

The Report: Mexico 2014: The Guide
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In addition to an article on the highlights of Mexico City’s vast array of museums, this chapter contains useful information for business and leisure travellers, including a list of hotels, phone numbers for important government ministries and agencies, business associations and foreign missions.…
Chapter

The Report: Mexico 2014: Legal Framework
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The year 2013 was one of legal reforms in Mexico. The political agreement Pact for Mexico enabled the enactment of a number of key changes since President Enrique Peña Nieto took office in 2012. Featuring a viewpoint from Amílcar Peredo Rivera, Partner, Basham, Ringe y Correa, on what to expect from the recent, wide-ranging legal reforms, this chapter explores the effects of the energy, telecoms,…
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The Report: Mexico 2014: Tax
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The financial reform that became effective in January 2014 not only increased the tax base but also introduced several changes to the Mexican tax system. Featuring an interview with Carlos Méndez, CEO, PwC México, this chapter provides an overview of the recent tax reform, covering areas such as income tax, taxes on dividends and capital gains, among others.…
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The Report: Mexico 2014: Education
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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. In large part this has been due to a powerful teachers’ union, which 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,…
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The Report: Mexico 2014: Health
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In a little more than a decade since the introduction of the Popular Health Insurance Scheme, Mexico has made vast strides in extending coverage and is now closer than ever to attaining universal coverage. Nonetheless, rapidly changing demographics have boosted demand for medical services and put significant pressure on the sector, which is now faced with the task of increasing capacity to effectively…
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The Report: Mexico 2014: Agriculture
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For the past decade the agriculture sector has grown marginally – at an annual average rate of 0.9% – as the rest of the economy continues to industrialise. Its contribution to national GDP was estimated at 3% in 2013, down from 3.4% the previous year. The prevalence of small-scale farmers, limited financing options and widespread rural poverty are some of the factors behind the slow pace of expansion.…