Mexican President Announces Measures to Accelerate Economic Growth Agencia EFE
go to original June 1, 2014

President Enrique Peña Nieto (L), Finance Secretary Luis Videgaray (Azteca)

President Enrique Peña Nieto announced a series of actions to accelerate Mexican economic growth, including measures to reduce the impact of restrictions on the use of cash dollars on the U.S.-Mexico border.

During a meeting of the Business Coordinating Council, which coordinates the policies and actions of Mexico's business associations, the president said he instructed Finance Secretary Luis Videgaray "to evaluate and present a package of measures soon to reduce the adverse impact" of these restrictions.

"These measures should mitigate the negative effects that since 2010 have harmed companies that conduct their activities legitimately," the president said.

The government will continue to strengthen mechanisms that facilitate trade and eliminate export barriers, Peña Nieto said, adding that in the coming weeks a single-window system will begin operating in the health sector to streamline customs clearances.

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