With the purpose of facilitating investment and providing greater certainty to national and foreign projects, through the participation of various federal agencies and representatives of the business sector, the Mexican government presented the “Mexico Plan: Actions to facilitate and provide certainty to investment” .
Mexican President Claudia Sheinbaum detailed the benefits that the simplification will bring to investment, which will give authorization for projects in a maximum of 90 days with a single Foreign Trade Window.
At the event, the Mexican president signed a decree to facilitate investment within the framework of the Mexico Plan, which includes various actions to promote foreign capital in the country and simplify procedures.
In his remarks, Marcelo Ebrard, head of the Ministry of Economy (SE) , explained that the main objective is to present immediate actions to support investment in the country. He noted that Sheinbaum held meetings with various business representatives to gather proposals aimed at accelerating economic growth and job creation.
“As a result, he has led a very detailed analysis, area by area of government; practically the entire federal government is present here, and the state governments through the Secretariats of Economic Development, to determine what needs to be done, what can be done in the short term,” he added.
He pointed out that these are immediate actions for investment , which have to do with various instances, with foreign trade activities, customs, trade facilitation, and “of course everything that has to do with national purchases, everything that has to do with facilitating investment in public and private projects.”
Meanwhile, Édgar Amador Zamora, head of the Ministry of Finance and Public Credit (SHCP) , announced the publication of the agreement to promote productive investment and tax compliance, to boost economic growth and provide greater certainty to taxpayers.
Among other things, the agreement seeks to strengthen legal certainty , improve administrative efficiency, and promote a better environment for productive investment. Among the measures, it establishes that the tax authority will observe and promote compliance with international treaties and current regulations to avoid double taxation, thereby providing greater clarity to the operations of domestic and foreign companies.
Jorge Mendoza Sánchez, general director of the National Bank of Public Works and Services (Banobras) , said that an investment in highways of more than 523 billion pesos (mdp) is planned , through 44 projects that will generate around 1.4 million jobs.
He indicated that the scheme combines public resources of approximately 230 billion pesos and private participation of almost 295 billion pesos, with the purpose of reducing logistics costs and strengthening regional connectivity .
In turn, Luz Elena González, head of the Ministry of Energy (Sener) , stated that the Mexico Plan seeks to accelerate the country’s energy transition , aiming to increase the share of renewable energy from 24% to 38%.
Meanwhile, José Antonio Peña Merino, head of the Digital Transformation and Telecommunications Agency , explained that among the actions to encourage investment projects in the country is the creation of the Presidential Office for Investment Promotion and its Investment Committee, whose functions will be to advise and assist in the necessary steps for the development of the plan.
In that regard, he detailed a decree that will allow for the authorization of investment projects within a maximum of 30 days, provided they meet certain criteria. He also indicated that a maximum period of 90 days has been set for resolving other federal procedures.
He also announced that a single window for foreign trade procedures is being enabled, which will centralize the processes of the Ministry of Economy, the Tax Administration Service (SAT) and customs, avoiding duplication of requirements and allowing tracking of permits and resolutions.
The head of the Federal Commission for Protection against Sanitary Risks (Cofepris) , Víctor Hugo Borja, pointed out that with the signing of two agreements , the simplification of 100% of the agency’s procedures is completed, reducing processes, requirements and resolution times, going from 340 to 125 procedures and from 100 to 24 days on average.
With these actions, the Mexican government seeks to consolidate the country as an investment destination, strengthening the public-private relationship, reducing red tape, and promoting more agile economic development.
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