Aug 18, 2010

Mexican Politics: Calderon Plans Steps to Boost Mexico's Trade, Attract Foreign Investment

Calderon Plans Steps to Boost Mexico's Trade, Attract Foreign Investment: Mexican President Felipe Calderon announced measures he said will cut red tape in the economy, increasing exports to Europe and Latin America and drawing more foreign investment. The measures will reduce the amount of information exporters must supply to the government to ship goods to Europe and Latin America, Calderon said, speaking to reporters today in Mexico City. He said he’d also slash the amount of time needed to acquire the certificate of origin, the document that shows that a product is made in Mexico.

“The government is firm in its commitment to deregulate the economy,” Calderon said. “We’re going to be able to spend less time and resources on paperwork.” Calderon said today he plans steps to encourage foreign direct investment, including allowing international companies to register electronically with the Economy Ministry instead of having to go to the ministry in person. August 17, 2010, Bloomberg

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