Mexico & Nafta - November 2019

Amid flagging domestic economic activity and high levels of violence and insecurity remaining high, the state of the national economy and public security remain the two main areas of public concern in Mexico.... Read More

Three major security incidents shook Mexico over four days in October.... Read More

Corruption is the main factor in the prevalence of people smuggling in Mexico.... Read More

Although a range of different proposals were on the table, as this issue went to press it looked as if Mexico’s congress would approve the full legalisation of marijuana before the end of October.... Read More

After stagnating in the second quarter, the Mexican economy is showing little sign of picking up in the third quarter.... Read More

The government’s fiscal policy stance remains tight, with an ongoing commitment to austerity, but at the same time the authorities are looking at ways to free up funds in the medium term to provide scope for counter-cyclical fiscal stimulus.... Read More

New proposals are seeking to clamp down on tax evasion.... Read More

With private-sector oil firms coming under continued pressure to lift output, there has been speculation that the state-owned oil firm Pemex may be seeking to take over production in an offshore field awarded to a US firm, Talos Energy, as well as its partners – a UK firm, Premier Oil, as well as a Mexican firm, Sierra Oil and Gas. ... Read More

Pemex prepays debt: On 23 September Mexico’s state-owned oil firm Pemex announced the success of an operation to pre-pay debt from bonds maturing between January 2020 and September 2023, for a total of US$5.01bn (slightly above the established target of US$5bn).... Read More