Economics: Looking for the FDI Tide to Turn

MEXICO - Report 17 Dec 2013 by Mauricio Gonzalez and Ernesto Cervera
Executive Summary Last week the Mexican Congress passed energy reform amendments to the constitution with the support of the PAN and PRI, and over the opposition of the PRD. The most significant aspect of the reform is the extent to which it opens the industry to private investment through a broad range of new contract options: service and both profit and production sharing contracts, as well as licenses. Another notable development was the decision to set a two-year deadline for the previous petroleum and electric power monopolies, Pemex and the CFE, to transition from their current status...

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