Tag Archives: ZEE

ZEE Economic Zones face chop under AMLO

Rictus, El Financiero, March 28, 2019

So far we’ve been resisting the urge to complain about the new government, and for the moment we’re going to stick with that policy until more time has passed to evaluate the direction things are taking.  But we will say this: the rise to power of a leftist political party with a near-monopoly over the institutions of government raised a lot of questions about what would happen to the center-right programs and reforms of the two previous administrations. President Andrés Manuel López Obrador (AMLO), in office for four months now, has demonstrated from the start that he is willing to cancel previous governments’ initiatives regardless of their scale.  The best example of this is the partially-built new Mexico City airport, which now is a 4,430-hectare empty lot, but parts of the energy and education reforms could be thrown in as well.  Every pharaoh has his pyramid, though, and no sooner did AMLO scrap previous president Enrique Peña’s US$13 billion airport than he set to work on his Tren Maya tourist train, projected to begin trampling virgin Yucatan jungle by 2022 to the relatively thrifty tune of US$8 billion.  Continue reading ZEE Economic Zones face chop under AMLO

Mexico launches Special Economic Zones

Throughout the fourth quarter of 2017, pundits and business media in general in Mexico have focused mainly on the jarring ups and downs of NAFTA renegotiations between the United States, Mexico and Canada.  As the year winds down, this topic has lately been eclipsed by the passage of tax reform legislation in the U.S., and at least on this side of the border, how it might affect the Mexican economy going forward.  These high profile issues have served to overshadow an economic development initiative in Mexico that otherwise might have captured more attention: The declaration of Zonas Económicas Especiales (ZEE), or Special Economic Zones, aimed at stimulating investment in six southern states.  Continue reading Mexico launches Special Economic Zones