Economy

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...

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...

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 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...

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...