Sep 12, 2012

Mexico's Calderon eyes labor, fiscal law reforms in final months

(Reuters) - Mexican President Felipe Calderon said on Tuesday he hopes to push through labor reforms needed to create jobs and boost economic growth, but was not certain if the proposals will pass Congress before he leaves office.

Earlier this month, he sent a new proposal to liberalize the country's antiquated labor laws to lawmakers as he sought to fast-track the legislation before leaving office at the end of November.

The proposed labor reform could be a litmus test of how incoming President Enrique Pena Nieto's Institutional Revolutionary Party (PRI) and Calderon's conservative National Action Party (PAN) cooperate in the new Congress, which lasts three years.

Calderon also plans to push through fiscal transparency laws to ensure greater accountability in government.

"I don't know if I will get a positive answer from Congress, but I hope that if Congress keeps the law, I will get at least one answer," Calderon told bankers and business executives in Singapore, noting it could take up to a month to get an answer.

"I am proposing to the Congress that any public tax revenue will be tracked for the people since the very beginning to the very end. That is possible today at Federal level because we are supporting transparency but that is not possible, not yet, at local level," he said.

Mexico's labor laws needed reform so that young people and women can work in the most favorable conditions, he said. Read more. 

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