I spoke last week with CFR’s Brianna Lee about Mexico’s telecommunication, education, tax, and energy reforms, and what they could mean for Mexico’s economic outlook. You can read the interview here or below.
Mexico’s president Enrique Peña Nieto, who assumed office in December 2012, is pushing through a major package of reforms targeting some of the country’s most powerful economic interests, including those in the telecommunications and energy sectors. CFR’s Shannon O’Neil says “these are changes that Mexico’s economy desperately needs,” even if only some of the measures take hold. Successful reforms could significantly improve the country’s image, she says, especially in the eyes of international investors asking: “Is Mexico for real this time.” Meanwhile, she notes that while economic ties between Mexico and the United States are already strong, Washington should leverage this moment as an opportunity to expand bilateral trade further.
President Peña Nieto’s economic reforms are targeting the big empires of the country’s telecommunications sector. Can you give some background on the industry? What is his goal in this sector?