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NEWS |
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 Franchises generate 5% of GDP in Mexico
Monterrey (October 19) - Franchises sector generates 5% of Gross Domestic Product (GDP) in Mexico, equal to around MEP$60 billion every year, said the Chairman of the Mexican Franchises Association, Roberto Ramos Weckmann. 750 franchises operate in Mexico, generating around 45 thousand direct jobs, and a growth rate of 17% is estimated for this year.
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More exports from Maquilas forecasted
Monterrey, Mexico (October 19, 2006) - The value of exports made by maquiladoras from Mexico should amount to US$120 billion this year, Ruben Aguilar, Presidency's spokesman said today, an amount larger than estimates by the sector and larger also than the amount exported in 2005. Maquiladoras or assemblers are companies that import tax-free supplies to later export finished articles to the United States, and therefore strongly depend on the US economic cycles.
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Investment funds grow 84%
Mexico City (October 19, 2006) - Private investment funds in Mexico went up by 84% in 2006 when compared to the previous year, fostered by a larger activity in real estate, consumption and manufacturing. Due to its geographical location, Mexico City is the main destination for this kind of financing, followed by Monterrey and Guadalajara. According to the study Private Capital Funds: A look at the Domestic Market performed by Deloitte and the Mexican Association of Private Capitals (Asociación Mexicana de Capital Privado - AMEXCAP)
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Maquiladora industry out of the downer
Concentrated in Mexico's north border, export maquiladora industry is recovering from the fall it suffered in 2001 and 2002, being now one of the most attractive industries for Foreign Direct Investment, in addition to being the main motor for sales abroad, accounting for 50% of total. This strong activity is still waiting for the new maquiladdor decree, which will not be issued this week, even if the Federal Government had planned to present it in the Mexican Maquiladora Industry Convention on Thursday and Friday.
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Mexico, one of the emerging economies with the most promising future
Paris, October 23 - Mexico is one of the five emerging economies with the most promising future. All of these five economies together are expected to double, before 2050, the production of the current seven main economies, grouped in G-7, according to the business bank Goldman Sachs. In an interview published today by El Figaro Newspaper, Goldman Sachs analyst Jim O'Neill said that Mexico must be included in the main group of emerging economies, called up to now BRIC
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Urgent to improve competitiveness in maquilas
Cancun, Quintana Roo To make Mexico competitive and attract and keep investment, it must become a low-risk country, said Luis de la Calle Pardo, Political Analyst. Mexico must improve its international competitiveness index to rate A in the ten indicators, he said during his conference Export Maquiladora Industry: Convergence to Competitiveness during the XXXIII National Convention of Export Maquiladora Industry held in this city last week.
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Third generation Maquila
Mexico City (October 23, 2006) Mexico has left behind simple assembly activities to focus on much more sophisticated processes, with finished components and maquila industry is moving forward to third generation, according to Mexican Export Maquiladora Industry Council (Consejo Nacional de la Industria Maquiladora de Exportación). Some of the most successful industrial sectors are automotive, auto parts, electronics, home appliances and medical supplies, among many others.
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ARTICLE OF THE WEEK |
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| Clean Energy & Climate Change North America II |
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 By
Baker & McKenzie
ENVIRONMENTAL |
 Brazil's DNA issues a new resolution and approves 10 more CDM projects
On 19 May 2006, the Brazilian Government’s Designated National Authority (DNA)
published Resolution No. 3 which sets out the approval process for small scale CDM project
activities.
Key elements of Resolution No. 3 include:
- the template Project Design Document (PDD) for these small scale activities;
- the definition of low-income communities and individuals for purposes of small scale afforestation and reforestation activities (which is essentially set at half of the minimum wage);
- the requirement for Project Participants to submit to both English and Portuguese versions of the PDD and Validation Report to the DNA;
- clarification that any inconsistencies between the documents submitted to the DNA and to the CDM Executive Board may cause the DNA to request review of project activities; and
- the ability for the DNA to hold virtual meeting using the internet for DNA members to approve CDM project activities in cases where urgent approval is required.
During a CCLaw Assist seminar, hosted earlier this month by Baker & McKenzie’s
Sao Paulo office (Trench Rossi e Watanabe Advogados), Brazil’s DNA members, together
with brokers and project developers, discussed, among other issues, the important concept
of additionality in light of mandatory environmental requirements (known as L- policies)
and how the following legislation may impact on the demonstration and assessment of
additionality of CDM project activities hosted in Brazil:
- Federal Law No. 11,097/05 that established the National Program for Production and Use of Biodiesel - PNPB); and
- Federal Laws No. 10,438/02 and 10,762/03 that established the Alternative Energy Sources Incentive Program – PROINFA.
The DNA also announced during the seminar the decision to issue Letters of Approval to 10
potential CDM projects including landfill gas, hydroelectric, wind power and co-generation
projects.
In addition, 21 new proposed project activities have been submitted to the DNA for
approval and another 12 projects are currently under review.
Energy investment opportunities for the Mexican mining sector
New investment opportunities regarding selfconsumption energy for the mining sector in
Mexico
A new decree allows the holders of concession titles for coal mines to use coalbed gas for
self-consumption purposes, or to deliver this gas to Petroleos Mexic anos (PEMEX). This
decree is just the first step in the development required to the legal framework for the
capture and the profitable use of the coalbed gas.
 On June 26, 2006, the Ministry of Energy enacted the decree which amends the Regulatory Law of Constitutional Article 27 for the Oil Industry and the Mining Law, which will allow the utilization of coal mine waste gas, also known as coalbed gas.The alternatives established by the decree will contribute to the use of coalbed gas, providing at the same time several benefits and opportunities in favor of mining companies that utilize this gas for self-consumption of power generation. This could yield substantial savings on energy costs.
Previously, the law only allowed the atmospheric venting, which is the action of expulsing
coalbed gas to the atmosphere without burning it. This was the sole alternative for miners
to reduce the explosion risks inside coal mines.
Several accidents demonstrated the need to offer new alternatives and to seek for the
profitable use of the coalbed gas, furthermore, the atmospheric venting of coalbed gas has
devastating effects on climate change. In accordance with the provisions of the Kyoto
Protocol, methane (main element of the coalbed gas) has 21 times more warming potential
than carbon dioxide.
For this reason, the development of infrastructure for the use and capture the coalbed gas can be partially financed with the certification of the reduction of greenhouse gases through the application of the Clean Development Mechanism (CDM) of the Kyoto Protocol. For the certification of the reduction of greenhouse gases it is only necessary to comply with the requirements set forth by the CDM and to register the project.
IMPORTANT DISCLAIMER: This document
has been prepared by the Banking and Finance Practice Group of the Mexico offices of Baker
& McKenzie for our clients and professional associates. This document only refers to
Mexican law. While every effort has been made to ensure accuracy, no responsibility can be
accepted for errors or omissions, however caused. The information contained in this
document should not be relied on as legal advice and should not be regarded as a
substitute for detailed advice in individual cases. No responsibility for any loss
occasioned to any person acting or refraining from action as a result of material in this
document is accepted by the authors or Baker & McKenzie. If advice concerning
individual problems or other expert assistance is required, we would be pleased to oblige.
Baker & McKenzie authorizes you
to forward, reproduce, copy, archive and distribute this document without any changes and
as long as you include the copyright notice below. The distortion, mutilation,
modification or edition of this document is prohibited without the author's prior consent. |
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| All Rights Reserved © Baker & McKenzie Abogados, S.C.
Mexico 2005 |
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MEXICO'S WEEKLY HEADLINES |
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| » Excellent acceptance of the 30 years government bond: SHCP |
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| » Mexico will have 18 new biosphere reserves |
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| » Mexico reaches 20 thousand md of foreign investment in 2006 |
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| » BANXICO forecast a bigger economic growth |
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| » Fox opened gas terminal in Altamira |
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October |
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FABTECH INTERNATIONAL & AWS WELDING SHOW
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