Doing Business in Latin America and the Caribbean: Mexico

With a total landmass of almost two million square kilometers, Mexico is slightly less than three times the size of Texas and has a total population of over 106 million people. Its political organization is a federal republic with 31 states and a federal district. The president is elected by popular vote for a six-year term and cannot be reelected. The Mexican legal system is a mixture of U.S. constitutional theory and a civil law system with a judicial review of legislative acts.

Mexico has a free market economy that recently entered the trillion-dollar class. It contains a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. Recent administrations have expanded competition in seaports, railroads, telecommunications, electricity generation, natural gas distribution and airports.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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