Friday, August 29, 2014
JOINING THE BIG LEAGUES
Here's a sidebar to blurb we recently did about Mexico and their new business friendly agenda under President Nieto. See "The French Connection."
Mexico will likely get a huge economic boost from reforms to its energy market, according to experts, and the reasons go beyond stripping monopoly power from its state-run oil company.
Domestic and international businesses have been scrambling to position themselves since Mexican President Enrique Peña Nieto signed a major series of energy reforms into law earlier this month. But one thing is for sure: Experts agree the Mexican economy will reap major benefits from the new legislation—with several organizations estimating that the reforms will generate a 2 percent GDP boost by 2025, and add about 2 million jobs.
http://www.cnbc.com/id/101948520
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