Wednesday, December 18, 2013

US website praises Peña’s performance

Wednesday, 18 December 2013 00:10 
THE NEWS


Miami digital publication “Latinvex” has named Mexican President Enrique Peña Nieto “Leader of the Year,” recognizing the energy, telecommunications and education reforms that have been passed during his administration, which it says will be good for foreign investors.

“If there were high hopes among foreign investors when Enrique Peña Nieto became president of Mexico a year ago, it is now clear that those hopes were not only met but exceeded,” the article read.

The article went on to say that energy reform could bring from $15 to $20 billion in additional Foreign Direct Investment (FDI) into Mexico annually, and that Mexico’s average FDI for the 2008-12 period was $19.2 billion.

“In other words, the two estimates would nearly double or double the average FDI for Mexico,” the article continued.

The article quoted AMLA consulting firm president Beatrice Rangel, who said that the energy reform doesn’t only impact Mexico, but the U.S. and global investment markets as well.

The report went on to say that the telecommunications reform will increase competition in a market that the Organization for Economic Cooperation and Development (OECD) says loses $25 billion annually due to lack of competition.

The article also referenced Center for Strategic and International Studies America Program adjunct fellow Gabriel Sánchez Zinny, who said that Peña Nieto has recognized that the Mexican economy cannot improve without the improvement of its people through education reform.


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