As Economy Slows, Mexico Looks to Historic Reforms Jude Webber - FT.com
go to original September 6, 2013

CCTV's Franc Contreras reports on Mexico's stagnating economy due to slowing exports, and why there is still reason for optimism as the government is poised to impost a series of historic reforms. (CCTV)

MEXICO CITY - It was bitter, with days of turbulent street protests that cut off access to Mexico City’s international airport twice in two weeks, but Enrique Peña Nieto this month finally won his battle to push education reforms through Congress.

Now comes the war: energy and tax reform.

... Reform of an oil company that could and should be more active and efficient is widely seen as healthy, and a revenue raiser. But that message may not have percolated beyond the business and financial classes, who have applauded Mr Peña Nieto’s ambitious reform drive in his nine months in office.

Tax reforms – widely touted to raise the maximum rate for Mexico’s wealthiest, and to slap a sales tax on food and medicine – are expected to be unveiled on Sunday with the 2014 budget.

Read the rest at FT.com

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