Previous reforms have enhanced the regulatory framework, but the pace of reform has slowed in comparison to other emerging economies. Completing licensing requirements still takes about three months. Rigid and outdated labor codes create incentives for firms to operate outside of the formal sector. The government has implemented extensive energy and fiscal reforms but must further reduce subsidies and inflation.

What does mexico value?

We really love our soccer, our markets in the villas as well as family. Even the members of our family that are far gone we respect them and honor them on the day of the dead.