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LatinNews Regional Monitor: Mexico - 09 February 2017

Telecoms reforms fail to impress sharp-eyed viewers

During his election campaign five years ago, President Enrique Peña Nieto pledged to restart Mexico’s domestic economy by passing three landmark structural economic reforms in the areas of energy, tax, and telecommunications. But hopes that these reforms would reverse Mexico’s economic fortunes now seem misplaced. The fall in international oil and gas prices made liberalising the domestic oil and gas market substantially less lucrative than planned and the government’s decision to increase petrol prices sparked violent protests [RM-17-01]. Meanwhile potential gains made by the tax reforms have been offset by underwhelming domestic economic activity. Lastly, while the Peña Nieto government’s reform to open up the telecoms sector has attracted some investment, it has failed to remove existing distortions in the local market.

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