The Report: Mexico 2017

  • ID: 4240716
  • Country Profile
  • Region: Mexico
  • 299 Pages
  • Oxford Business Group
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Mexico’s Economy Stands Out in the Region for its Resilience


  • Aeroméxico
  • Deloitte México
  • Grupo Ranman
  • Mexican Retail Properties
  • ProMéxico
  • Tecnológico de Monterrey
  • MORE

At a time when a number of major Latin American economies, including Brazil and Venezuela, are heading toward recession, Mexico’s economy stands out in the region for its resilience. Projections for 2017 are couched in more uncertainty than is usual, however, in light of the lack of clarity over and the potential impact of policy changes in the US during the first year in office for US President Donald Trump.

Although economic openness left Mexico more exposed to the global financial crisis than some of its Latin American peers, its economic profile has since allowed it to bounce back as global trade and investment flows recover. Meanwhile, Mexico has avoided the recent economic weakness of more commodity-dependent economies in the region. At the same time, past structural reforms are starting to bear fruit and bode well for growth prospects in the medium to long term.

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  • Aeroméxico
  • Deloitte México
  • Grupo Ranman
  • Mexican Retail Properties
  • ProMéxico
  • Tecnológico de Monterrey
  • MORE


  • A unique example: The country is home to a diverse history, economy and natural resources
  • A time of transition: Despite recent uncertainty, Mexico remains a crucial regional player
  • In the works: Government reforms seek to mitigate unfair labour practices
  • Interview: President Enrique Peña Nieto
  • Interview: Mauricio Macri, President of Argentina
  • To the polls: Election season is under way as candidates start campaigning


  • Standing strong: A commitment to stable growth has allowed for expansion in the face of serious challenges
  • Target practice: The central bank is working to keep inflation in check
  • Interview: Ildefonso Guajardo Villarreal, Minister of Economy
  • Interview: Paulo Carreño King, Director-General, ProMéxico
  • Branching out: The government is looking to diversify its trade partners
  • In high gear: Focusing on increasing investment flows to a wider variety of regions in the country
  • Interview: Valentín Díez Morodo, President, Mexican Business Council for Foreign Trade, Investment & Technology


  • Ahead of the pack: Double-digit growth and a commitment to international regulations has put the sector on a steady footing
  • Viewpoint: Agustín Carstens, Governor, Banco de México
  • Building inclusion: Incentivising formal banking activity remains a major priority


  • Hard at work: A range of options make for attractive investment opportunities
  • To market, to market: A new bourse will offer more options and a deeper market
  • Interview: Carlos Rojo Macedo, CEO, Grupo Financiero Interacciones
  • Market analysis provided by Grupo Financiero Interacciones
  • Exchange offerings: Stock market
  • Planning ahead: Retirement & pension funds
  • Building funds: Infrastructure bonds


  • Premium growth: Underwriters look for ways to improve the sector and reach greater penetration levels
  • Getting it covered: Auto insurance companies look for ways to increase uptake
  • Interview: Mario Vela Berrondo, President, Mexican Association of Insurance Companies


  • Game changer: Sweeping reforms and liberalisation open the sector to private investment and emphasise clean, sustainable energy
  • Going once, going twice: Strong competition among clean energy firms keeps prices low at the country’s first long-term electricity auctions
  • Interview: José Antonio González Anaya, CEO, Pemex
  • Hydrocarbons offering: The first licensing round of a major oil and gas auction is attracting significant interest
  • Interview: Jaime Hernández Martínez, Director-General, Federal Electricity Commission
  • Interview: Angélica Ruíz Celis, Director-General, Vestas Latin America
  • Nuts and bolts: The authorities take steps to strengthen energy infrastructure in the country
  • A greener future: Investments in renewables projects will lead to a vast increase in solar and wind power capacity


  • Up and running: Strong fundamentals allow the sector to grow despite challenges
  • Interview: Alexander W Wehr, President and CEO, BMW Mexico, Latin America and the Caribbean
  • Track record: Consistent growth and trade diversification should help the sector
  • Competitive advantage: San Luis Potosí’s auto segment is planning for long-term growth
  • High flier: Local aeronautics clusters are continuing to grow
  • Staying power: New downstream capacity can help reduce petrochemical imports
  • Breaking ground: A rise in prices could set the mining industry on a new path


  • Reform and incentivise: Ensuring growth in the face of stricter public financing controls
  • Interview: Fernando Turner Dávila, Secretary of Economy and Labour, State of Nuevo León
  • Interview: Salvador Alva, President, Tecnológico de Monterrey
  • Building for the future: The authorities step up efforts to implement Industry 4.0
  • Laying the groundwork: Strengthening higher education in support of innovation
  • Powering up: A new cluster in Nuevo León


  • Regional powerhouse: Industrial growth is set to continue in the region
  • Interview: Juan Manuel Carreras, Governor of San Luis Potosí
  • The centre of industry: Major projects under way to keep the sector expanding
  • Work and play: State enjoys rising caché for business travellers and adventure tourists
  • Interview: Gustavo Puente Orozco, Secretary of Economic Development, State of San Luis Potosí
  • Looking upward: Challenges and opportunities in construction
  • Interview: Vicente Rangel Mancilla, CEO, Grupo Valoran; and CEO, Grupo Ranman
  • Innovate to educate: Industry and academia team up to train the next generation
  • A key area of potential: Officials look for ways to streamline and add value to agriculture


  • Breaking down barriers: Recent legislation and liberalisation boost growth in telecoms
  • Theory of evolution: Demand for high-speed internet has spurred major changes
  • Global outlook: A burgeoning tech sector is leading to a thriving IT industry


  • Testing a new path: Further private sector involvement and a more efficient use of funds
  • Big business: Pharmaceutical companies capitalise on market conditions
  • Interview: Guillermo Echeverría Miller, CEO, Vuhl


  • Going the distance: The government is seeking to expand transport infrastructure
  • On the right track: New rail links are on the way as investment is scales up
  • Keeping cool: Cold chain expansion provides a wealth of export opportunities
  • Interview: Andrés Conesa Labastida, CEO, Aeroméxico


  • Building partnerships: The sector is shifting towards more private sector involvement
  • A hard-working segment: Mexico City offers a variety of high-quality office rental space
  • Interview: Jerónimo Gerard Rivero, CEO and Founder, Mexican Retail Properties
  • Housing interests: Diversification efforts are evident in location and facility offerings


  • Strong performer: Efforts are under way to diversify the rapidly growing sector
  • Interview: Enrique de la Madrid Cordero, Minister of Tourism
  • Feeling better already: Investing in expanding the medical tourism segment
  • Interview: José Carlos Azcárraga Andrade, CEO, Grupo Posadas
  • Beyond the beach: Focusing on diversification


  • Fertile ground: Mechanisation and targeted investments boost exports and food security
  • Interview: José Calzada Rovirosa, Minister of Agriculture, Livestock, Rural Development, Fisheries and Food
  • On the up: Exports of food products are growing and diversifying
  • Interview: Gaston Mauvezin, CEO, Proteak


  • Positive diagnosis: Public and private efforts have created a dynamic health care sector
  • Good medicine: Thanks to recent reforms, the price of pharmaceuticals has fallen
  • Interview: Julio Sánchez y Tépoz, Federal Commissioner, Federal Commission for the Protection against Sanitary Risk
  • Necessary devices: Leading exporter of medical devices experiences rapid growth
  • Changing landscape: The government turns to the private sector to cope with rising demand


  • Back to school: Major reforms are set to improve standards across the system

18. TAX

  • Profitability and practicality: A tax system designed to benefit everyone
  • Viewpoint: Ricardo González Orta, Partner, Deloitte México


  • Protection and partnerships: Improvements to the framework for intellectual property and public-private partnerships support development
  • Building better homes: New legislation for the sustainable development of the real estate sector
  • Duty to pay: Understanding the regulations and obligations governing value-added tax
  • Getting to work: A revised framework of employment legislation would help to promote formal job creation
  • Viewpoint: César Maillard Canudas, Managing Partner, Maillard, Cerbón, Canudas, Argumedo, Palma y Asociados


  • Drinking, donkeys and death: Festivals form the backbone of the country’s cultural heritage
  • Tranquillity in the city: Hotels listings
  • Listings: Important contact numbers
  • Facts for visitors: Tips for your trip to Mexico
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  • Aeroméxico
  • Banco de México
  • BMW Mexico, Latin America and the Caribbean
  • Deloitte México
  • Federal Commission for the Protection against Sanitary Risk
  • Federal Electricity Commission
  • Grupo Financiero Interacciones
  • Grupo Posadas
  • Grupo Ranman
  • Grupo Valoran
  • Maillard, Cerbón, Canudas, Argumedo, Palma y Asociados
  • Mexican Association of Insurance Companies
  • Mexican Business Council for Foreign Trade, Investment & Technology
  • Mexican Retail Properties
  • Pemex
  • ProMéxico
  • Proteak
  • Tecnológico de Monterrey
  • Vestas Latin America
  • Vuhl
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