Monday, October 5, 2015
New 'Special Economic Zones' Planned for Southern Mexico
Office of the Mexican Presidency
Mexican President Enrique
Peña Nieto presented the Federal Law on Special Economic Zones Initiative, which will implement this model
for the first time in the country’s history.
The Initiative is designed to narrow the development
gap between the north and south of the country; Mexico’s transformation should prioritize the modernization
of the south of our country.
He has also followed up on the social policies the government has
implemented, such as the National Crusade against Hunger, and the Prospera Social Inclusion Program
Economic Zones in Mexico seek to break paradigms, shifting from welfare, which merely
contains poverty, to a comprehensive, effective and long-range strategy.
Special Economic Zones complement
social policies with cutting-edge economic policies that raise productivity, create
new jobs and wealth, and increase social welfare.
The proposal is for the first Special Economic
Zones to be established in:
• The Industrial Inter-Oceanic Corridor in the Isthmus of Tehuantepec • The municipalities adjoining the Port of
By narrowing gaps, we
will build a more inclusive and prosperous Mexico for everyone.
Features of Special Economic Zones
Special Economic Zones (SEZs) are geographically determined
places providing a special framework of measures to ensure a favorable environment for business development.
also provide guarantees for national and international investments.
This is the first time Mexico has proposed
this productive development policy, designed with the aim of creating industrial development poles in the southeast of the
Special Economic Zones are a different way of promoting productivity, characterized by:
Direct tax benefits for investment and employment.
• Special customs regime.
• Foreign trade facilities.
Regulatory frameworks to speed up setting up businesses.
• Competitive infrastructure that ensures logistic connectivity to different parts of the country and international
• Special financing from development banking.
Support for job training and technological innovation.
• Urban planning and the orderly development of housing in surrounding areas.
Worldwide, SEZs have
proved an effective measure in over 3,500 experiences in countries such as Brazil, South Korea and China.
this model, Special Economic Zones in Mexico are designed to accelerate the process of reducing the historical lag in southern
"Special Economic Zones," and "Features
of Special Economic Zones," Presidency of the Republic, Sep. 30, 2015,
Mexico, D.F.; edited translation by the Office of the Mexican Presidency