LatinNews Daily - 17 September 2018

* The general director of economic research at Mexico's central bank (Banxico), Daniel Chiquiar, has said that President-elect Andrés Manuel López Obrador’s plan to reduce taxes in Mexico’s border areas with the US would, in principal, be beneficial for investment. Last week, López Obrador reached an agreement with governors from six of Mexico’s northern states to reduce value added tax (VAT) to 8% and income tax to 20%, as well as to double minimum wage, with the aim of increasing investment in the northern border region. Chiquiar explained that a detailed analysis would be needed to determine the exact effect that these measures will have on the region’s economy. 

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