Mexico Political Consensus Grows on Easing Foreign Stake Limits

Bloomberg, 10/3/2012

Mexico’s incoming and outgoing presidential administrations are finding common ground on the need to ease foreign investment caps, including a 49 percent limit on holdings of land-line phone companies.

President-elect Enrique Pena Nieto may support a bill by Felipe Calderon’s administration to lift foreign direct investment limits in some sectors, Ildefonso Guajardo, a top Pena Nieto economic adviser, said in an interview in Mexico City today.

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