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Mexico - December 2020

Introduction
At the close of another year, the December Latin American Regional Report: Mexico compiles articles on the recent efforts by the Mexican government to improve the public security and the economic situation in the country...
Security & Foreign Relations
The surprise arrest in the US of Mexico’s former defence minister, Salvador Cienfuegos Zepeda (2012-2018), on drug trafficking related charges has produced a watershed moment that could reshape Mexico-US relations...
Security
Despite their best efforts to combat money laundering, the Mexican authorities have failed to effectively reduce the risk factors that enable this illegal practice...
Economy
The head of the United Nation Economic Commission for Latin America and the Caribbean (Eclac), Mexico’s Alicia Bárcena, reported on 1 December that Mexico was the Latin American country which experienced the least severe contraction of Foreign Direct Investment (FDI) so far this year, having only shrunk by 6% during the first nine months of 2020 compared to the regional average of 35%...
Economy & Politics
Mexico’s President Andrés Manuel Lopez Obrador on 12 November sent a bill to congress that virtually bans all forms of outsourcing, which was regulated in the 2012 labour reform with the aim of introducing much needed flexibility into the domestic labour market...
Business
Two years after the financial technologies law (also known as the ‘Fintech law’) came into force in September 2018, Mexico has become the second main country in Latin American in terms of the size of the fintech sector...
Economic Highlights
Third quarter growth: On 26 November Mexico’s national statistics institute (Inegi) published figures for third quarter growth which confirmed preliminary figures indicating that GDP grew 12.1% in the quarter compared with the previous quarter...

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