The recent North American Leaders’ Summit was short on time, but not devoid of substance, as the Mexico Institute at the Woodrow Wilson Center notes here. Trade was the main focus of the talks, and appropriately so in this NAFTA 20th anniversary year.
The summit also served to reinforce the notion that the real buzz about what’s going on in Mexico is energy while on the security front the big news was the capture of the world’s most wanted drug trafficker.
Mexico’s Congress is working under a looming deadline to complete the secondary legislation to accompany December’s constitutional reforms that opened the country’s energy sector. It has until April 20 to pass all secondary legislation. More than 20 laws are reportedly being addressed—a greater number than initially expected—in an intensive process that will define the regulatory framework, institutional changes and other details of how the sector will operate. A report recently released by the Atlantic Council’s Adrienne Arsht Latin America Center gives insight into this “herculean task of promulgating the implementing legislation.”
There’s a lot of complexity involved and areas of contention are sure to arise. The country’s mood is somewhat subdued as details get hammered out and the challenging road ahead comes into better view. But even as the mood has shifted, it’s still upbeat: appropriate to the realization that the changes will be big and that Mexico truly is on a transformational path.
The Chicago Council on Global Affairs issued a Survey of Public Opinion in Mexico and the United States this month. Their findings confirmed what I’ve long felt: that both publics recognize the importance of the bilateral economic relationship and majorities in each country characterize the other country as an economic partner. Take a look at the findings here.
In the News, Reports & Awards
Just this week, White & Case released a comprehensive report that examines the opportunities for infrastructure investment in Mexico in light of reforms and regulatory updates first passed in 2012. You can download the full report here.
Law360 awarded White & Case “Practice Group of the Year” honors for the firm’s work in in four key practices areas: Class Action, Competition, Life Sciences and Project Finance.
I recently joined Chuck Todd on msnbc’s The Daily Rundown where we discussed the current security and investment climate here in Mexico. You can watch the segment that aired in early February online here.
Just a few weeks ago, I sat down with MILENIO to discuss the status of energy reforms in country. You can read the article (in Spanish) here.
Ambassador Garza continues to support The University of Texas’ Rio Grande Valley Scholars’ program. Together with the Texas Exes and UT Austin, this important scholarship initiative is helping to bring the best and brightest young Valley students to Austin for undergraduate studies. Learn more about the program and how you can support it here.