Great expectations and opportunities for foreign investment in Mexico with New Government
By Sergio Guerrero Rosas, Guerrero y Santana, S.C.
With the arrival of the new President, Enrique Peña Nieto, on December 1st, there are great expectations with many anticipating a wave of excellent opportunities for investment. Of the 260 commitments signed as part of Peña Nieto's election campaign, 90 were related to infrastructure and public transport; a clear show of his strategy for economic improvement and growth in Mexico. In fact, by the end of his 6-year term, Peña Nieto aims to have doubled investment in this area.
Furthermore, in visits to countries in the European Union, Peña Nieto has made clear the message that Mexico is now primed to become a place of opportunity for development and investment, both foreign and domestic, and has also reiterated his position on the importance of paving the way for private-sector participation in state-owned petroleum company Petróleos Mexicanos, in order for it to grow and strengthen.
Europe already has significant investments in Mexico, from Germany and Spain especially, and if we consider the fast-growing, powerful middle class within the country's major cities, the signs would certainly support Peña Nieto's sentiments that Mexico is to undergo an exciting economic period.
With the incoming government's drive for construction, development and economic growth, Mexico looks certain to become one of the most attractive and competitive areas for investment in the world.
Prof Sergio Guerrero RosasGuerrero y Santana, S.C., Tijuana, Baja California, Mexico
T: : +52 333 120 05 38
Guerrero y Santana S.C. provides its clients with a wide range of tax, legal and consulting services. The firm makes comprehensive evaluations of its clients’ businesses and draws on the expertise of its professionals to offer the best solution available.
Prof Sergio Guerrero Rosas, Managing Director at Guerrero y Santana, has over 25 years’ experience advising companies from SMEs to multinationals, as well as individuals, on tax and estate planning. He is also the Latin American Chairman of International Taxation Practice Group and Global Vice Chairperson of the Trust & Estate Planning Practice Group.