December 6, 2013
Financial Times, 12/5/2013
Shortly after Nafta came into effect, Mexico suffered the crushing devaluation of the peso – the Tequila crisis – dashing hopes of imminent prosperity. As for democracy, fewer Mexicans today believe it is the best form of government than in 2000. Will the “Mexican moment” of Mr Peña Nieto’s government prove a similar disappointment?
December 6, 2013
Lawmakers in Mexico are considering a major change to their elections. For more than a century, the country has had the ultimate term limits: nobody can be re-elected.
November 15, 2013
The Globe and Mail, 11/15/2013
Just about everything except the mouths of politicians seems to the paralyzed in the U.S. political system, especially Congress. Getting one big thing done seems next to impossible.
In Canada, the government can get things through the Commons and Senate, courtesy of its majority in both houses. But negotiate with the opposition parties? Are you crazy?
In Mexico, by contrast, something remarkable and controversial is unfolding. In less than a year, President Enrique Pena Nieto and his party are negotiating with both other parties in Congress on an array of reforms that would leave the legislatures of Canada and the United States breathless.
November 6, 2013
Mexico’s two largest parties reached a preliminary accord that would give companies more control in new oil field contracts than the government is proposing, said three people with direct knowledge of the agreement.
The ruling PRI and opposition PAN parties will support a new measure to allow the state to decide the type of contracts to be offered for each project, including service contracts, profit and production sharing and licenses, two of the people said, asking not to be identified as talks are private. Like the concession model proposed by PAN, licenses would grant broader operational control of projects than the govenment’s initial profit-sharing model and allow companies to manage oil directly.
November 5, 2013
Business Insight in Latin America, 11/04/2013
Senators from Mexico’s right-wing PAN party appear to be dropping their support of energy reform being pushed in congress by the ruling PRI party.
PAN party members have reacted strongly to the senate’s passage of fiscal reform, which they claim will punish Mexico’s middle class and businesses.
Many members of the rightist party have now revoked their support for president Enrique Peña Nieto’s energy reform proposal, which has the potential to open the historically insulated oil and gas and electric power sectors.
October 29, 2013
Global Post, 10/28/2013
Leftist leader Andres Manuel Lopez Obrador urged senators from Mexico’s largest opposition parties at a rally over the weekend to form a coalition to vote against the energy and tax reforms proposed by the Peña Nieto administration.
Senators from the leftist Party of the Democratic Revolution, or PRD, and the conservative National Action Party, or PAN, should vote “with absolute independence, as true representatives of the people,” against the reforms proposed by President Enrique Peña Nieto, Lopez Obrador said in a address delivered to thousands of his supporters in Mexico City’s Zocalo plaza on Sunday.
October 24, 2013
Mexico’s ruling Institutional Revolutionary Party (PRI) is ready to support an opposition proposal to increase a planned tax on junk food included in the government’s fiscal reform, the PRI’s leader in the Senate said on Wednesday.
Last week, the lower house of Congress approved President Enrique Pena Nieto’s fiscal reform, at the last minute adding a measure to impose a 5 percent tax on junk food. The Senate must approve the reform by the end of the month.
This week Armando Rios Piter, a Senate finance expert from the leftist Party of the Democratic Revolution (PRD), proposed increasing the tax rate on junk food to 8 percent.
October 23, 2013
Mexico has a “better than ever” chance of passing a bill this year to break a seven-decade state monopoly on oil drilling, said the spokesman for an opposition party needed to gain the reform’s approval.
Talks are advancing in congress to pass electoral changes that the opposition National Action Party, or PAN, says are essential for it to back the energy overhaul, PAN spokesman Juan Molinar Horcasitas said in a phone interview. There’s a “good chance” the PAN and ruling Institutional Revolutionary Party will reach common ground on specifics of the oil bill, Molinar said.
October 9, 2013
Business News Americas, 10/8/2013
Uncertainty about the timeline and details of Mexico’s energy reform will continue to be high over the coming months as the country’s main political parties spar over a new reform proposal, according to the latest briefing from risk analysis firm Maplecroft.
“The extent of inter-party tensions suggests that negotiations over tax and energy reform could well extend into 2014, and could even ultimately fail, if the [ruling] PRI, the [right-wing] PAN, and the [left-wing] PRD do not succeed in aligning their interests,” the briefing reads.
October 3, 2013
The New York Times, 10/02/2013
Mexico’s main opposition party has signaled it is ready to compromise over demands for electoral reform that risk impeding a government bill to liberalize the oil industry.
Last month, the conservative National Action Party (PAN) proposed an electoral reform that seeks to curb the power of the ruling Institutional Revolutionary Party, or PRI, which has dominated Mexican politics for most of the past century.