Mexico is the world’s leading beer exporter, producing 86m hectolitres (hl) per year, worth $20bn. The country has topped the list of beer exporters for the past six years, thanks to surging international demand for brands such as Corona Extra, Modelo, Sol and Tecate, with exports growing 9% to reach around $2.4bn in 2014, according to the...
Mexico’s new insurance and sureties law (Ley de Instituciones de Seguros y de Finanzas, LISF) came into effect in April 2015. The law, considered one of the most advanced of its type in Latin America, seeks to bring the country into line with the Solvency II insurance industry regulatory standards developed in Europe.
Although the pace of expansion has moderated in the last two years in line with a sluggish economy, Mexico’s insurance industry has been experiencing strong growth. The country remains under-insured, and thus the outlook for increasing the market penetration of insurance products is encouraging. According to the industry’s main regulatory body...
On the back of repeated years of economic growth, more and more Mexicans are taking advantage of the macroeconomic stability and sizeable domestic market to create new businesses. An assortment of start-ups has been popping up across the country, especially in places like Guadalajara, Monterrey, Tijuana and within the populous Mexico City, the...
As the government attempts to open strategic sectors of the economy to competition and attract more foreign direct investment (FDI), much is also being done to improve science and research as a means to spur innovation. Increased spending, coupled with changes in regulation, is expected to fuel the growth of start-ups and make the business...
Mexico is the world’s largest producer of silver and a top-10 producer of a number of minerals including copper, lead and zinc. Gold, which comprises about one-quarter of Mexican mining production, is the industry’s most important segment. The industry produced about $23bn in 2013 and attracts a significant amount of investment, about 70% of...
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