The three major industries in Mexico are automotive, aerospace, and medical device manufacturing. One of the reasons for auto companies to move to Mexico is its location, with its closeness to the United States and the possibility that its western ports allow OEM manufacturers and Tier 1 and Tier 2 suppliers to export goods to...
Forests Mexico is considered a megadiverse country for it is home to an important part of the planet’s biodiversity. It has 139 million hectares of total forest cover of which 60% is composed of forest and jungle. According to data form Global Forest Watch (GFW), Mexico is ranked number 17 in the list of countries...
As of April 2020, when this article was written, Mexico has implemented several economic measures that have been considered by many in the private sector as insufficient. According to the Finance Secretary, it is estimated that the country will face a drop of 3.9% of its Gross Domestic Product (GDP) during 2020. Initially, those sectors...
In 2013, through a controversial proposal Mexican Congress debated and then approved a Constitutional Reform that allowed private and foreign investment across the energy value chain for the first time in 75 years. The Energy Reform as it was known, aimed at boosting energy production and transforming the oil and gas industry. Later in August...
Mexico approved Carbon Taxing in 2013 under the Fiscal Reform presented by the administration of former President Peña Nieto. The carbon tax is a tax rate applied to the emission of greenhouse gases into the atmosphere. By setting a tax rate on the carbon dioxide content of fossil fuels the tax results in establishing a...
During COP 25 in Madrid, the governor of Jalisco and coordinator of the Committee on the Environment, Water Resources, and Climate Change (Conago), Enrique Alfaro, presented the Mexican Alliance of Governors for Climate, a multi-state partnership of governors for climate action. With the launch of this initiative, Mexican states are showing leadership and willingness to...
