The administration of President Claudia Sheinbaum presented a package of measures in Mexico City this Monday designed to revitalize the economy and attract private capital. The plan aims to reverse the economic contraction recorded earlier this year by eliminating bureaucratic hurdles and simplifying tax processes.
The core of the strategy involves the creation of a new presidential investment office. According to elfinanciero.com.m x, this office will chair a committee composed of the heads of the Ministries of Economy, Finance, and Energy, and will be responsible for project authorizations.
The government will grant automatic approval to investments in strategic sectors such as energy, semiconductors, automotive, tourism, and advanced manufacturing. José Merino, director of Mexico's Digital Transformation Agency, detailed that projects exceeding 2 billion pesos (approximately US$114 million) will receive immediate green lights.
Incentives for industrial zones
Projects located within designated "welfare centers"—industrial zones earmarked for economic growth—will also benefit from automatic approval. For all other investments, the government has set a maximum 90-day window for a decision; if no response is received within that timeframe, projects will be considered authorized under the new regulations.
The initiative follows a decline in business confidence and uncertainty surrounding the USMCA trade agreement. The administration's flagship development program, known as Plan México, has struggled to gain momentum following the contraction seen in the first quarter.
On the fiscal front, Finance Minister Edgar Amador announced a decree to streamline procedures and prevent double taxation. The new rules will limit audits to one per taxpayer per year and prohibit retroactive audits. Additionally, the government aims to accelerate tax refunds and the registration of new taxpayers.
The administration will also prioritize the use of locally produced steel in all federal infrastructure projects. During the event, Sheinbaum emphasized the need to establish clear rules for economic development.
“We know that economic development requires clear rules and mutual trust,” Sheinbaum told the business leaders in attendance, asserting that the plan delivers “everything we have been asked for.”
