Competitive prices, proximity to high-potential markets and a number of hospitals recognised by the Joint Commission International are some of the factors that make Mexico a key player in the global medical tourism industry. According to the investment promotion agency ProMéxico, the segment has posted continuous growth for almost a decade,...
With 11 international treaties with 46 countries, Mexico boasts commercial agreements with nearly every region in the world, making it one of the most globalised economies. This global connectedness has helped Mexican industry evolve immensely. Prior to the 1990s, the Mexican economy enjoyed relatively low dependence on non-oil exports to the...
Contributing around 5% to the country’s total GDP in 2013, Mexico’s mining sector is among the top 10 world producers for at least 16 minerals. The country is the global leader in silver production and is the tenth-largest copper producer, according to the Mexican Mining Chamber (Cámara Minera de México, Camimex). With a wealth of natural...
With the initial signs of effective reform now reaching the market, the telecommunications sector in Mexico is seeing the competitive progress that has eluded it for several years. The application of the telecommunications reform has translated into clear legislative steps to reduce the market power of long-time dominant player América Móvil....
Recent regulatory reforms are starting to produce results in Mexico’s telecoms sector. Although a new legislative bill was signed into law by President Enrique Peña Nieto in June 2013, it was not until mid-2014 that the secondary laws were implemented. The new laws were put in place as a way to curb the supremacy of Amé rica Móvil, which was...
The principal taxes payable by commercial and industrial enterprises operating in Mexico and, in certain cases, by foreign companies and individuals, are those levied by the federal government. State and municipal governments have more limited tax powers and receive allocations of some federal taxes collected within their borders. The...
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