On Mexico Issue 66

On Mexico Issue 66

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Miguel Messmacher:

"What we want to do is move away from a system based on the ordinary hydrocarbon tax with a very high rate and a very rigid scheme... towards a scheme that is very similar to what other public companies in other countries face."
Miguel Messmacher, Mexico's deputy fi nance minister for revenue

Tom Fullerton:

"No two other countries in the world are better suited to be trading partners than the United States and Mexico. The U.S. historically has faced a shortage of labor, and Mexico historically has faced a shortage in capital. We need to steer politics in a direction that recognizes there are more benefi ts from commerce and industry between these two countries than there are political differences."
Tom Fullerton an economics professor at UTEP

Enrique Peña Nieto:

"Mexicans will remain the sole benefi ciaries of the country's oil profi ts. It's time to use all of our energy resources to move forward and transform Mexico."
Enrique Peña Nieto, President of Mexico as he presented his proposed reform

Bernard Cicut:

"In spite of the global economic deceleration, the outlook for Mexico is encouraging. Forecasts are very positive and that's why we are in Mexico. Mexico's geographical location, in regard to the U. S. and Latin America, makes this a key element for marketing solutions."
Bernard Cicut, 3M Director in Mexico

Pedro Joaquin Coldwell:

"We are expecting a serious, mature and responsible discussion. We cannot continue as we are now, with power prices higher than in the U.S. and decreasing petrochemical, power and gas production. The subject is ideological, but it should also be considered from a technical / productive viewpoint. Mexico certainly requires Energy Reform and it is unpostponable."
Pedro Joaquin Coldwell, Minister of Energy

Cuauhtemoc Cardenas:

"If Energy Reform is coming, we should carry out a great mobilization all over the country to throw it down. Whoever wants to walk with us is welcome."
Cuauhtemoc Cardenas, Founder of the PRD (left wing political party), when meeting with the party's representatives

Gerardo Gutierrez Candiani:

"We cannot settle for what is just considered politically viable, because it dilutes the important subjects to avoid differences. Both consensus and legislative majorities are legitimate ways and they may coexist. The challenges are plenty, but so are the opportunities to transform Mexico."
Gerardo Gutierrez Candiani, Chairman of the Entrepreneurs Coordinating Council

Francisco de Rosenzweig:

"The TPP Platform will rule over trade relations with North America and Asia-Pacific in coming decades, similar to the way NAFTA provided the potential for our trade by multiplying it times seven. We are positive TPP will do this as well, but with nextgeneration considered disciplines and topics."
Francisco de Rosenzweig, Head of the Foreign Trade Department with the Ministry of the Economy

Juan Manuel Pineda:

"McDermott knew that Pemex would sooner or later go into deep water, and also that Pemex is a very important global player as far as investments in infrastructure is concerned. Mexico, it is agreed, is a good country to do business. In addition, we have advantages such as competitive and qualifi ed labor."
Juan Manuel Pineda, Vice-president for Mexico, Latin America and the Caribbean with McDermott International Americas

Miguel Angel Osorio Chong:

"There is no prominence on safety matters; the Federal Government works in a coordinated way with the Republic's states. In the new safety strategy human rights are privileged, since the authorities work in an intelligent manner. The numbers say we are on the right track, but the hard data will be citizens having the peace of mind they demand."
Miguel Angel Osorio Chong, Minister of the Interior

Hector Villarreal:

"The Taxing Reform should not be based on Value Added Tax (IVA) to increase collection of taxes. Current discussions say that the Taxing Reform should focus on eliminating the 0% VAT rate, including food and medicines. But even if it seems like a positive solution, it still does not solve Mexico's tax-related problems."
Hector Villarreal, General Director of the Economic and Budget Research Center, Centro de Investigacion Economica y Presupuestaria (CIEP).

Luis Foncerrada:

"We believe that the Taxing Reform but the best Taxing Reform will also be the one that contains optimum public expense reengineering. If such reengineering is not done, what happened in previous administrations will repeat: i.e. wasted resources and an inability to reach the goals set by the Government."
Luis Foncerrada, Director of the Private Sector's Center for Economic Studies, (CEESP)