January 21st, 2022
1. The United States’ and Mexico’s energy policy
Within public discussion of the electric power reform initiative proposed by President Andrés Manuel López Obrador, the United States and Mexico will review elements that favor the renewable energy market in the North American region. During a visit of the US Secretary of Energy, Jennifer M. Granholm, core issues of the energy relationship between both countries will be addressed.
The energy relation is based on common elements such as cooperation and self-sufficiency, key elements that are part of the debate on constitutional changes in Mexico. Among other relevant issues, a dialogue with industry leaders and civil society emphasizing inclusion and reducing emissions through sustainable access to electricity distributors based on the principle of competitiveness framed in the USMCA is being considered.
2. Mayan Train and expropriations worry the private sector
The business sector and municipal authorities of Solidaridad are evaluating the implications of the expropriation of real estate in Southern Mexico. The Mayan Train has undergone changes that altered real estate and hotel dynamics in the region over recent months. Now, the Mayan Train may modify North Section 5 between Cancun and Playa del Carmen.
The president of the Riviera Maya Business Coordinating Council, Lenin Amaro Betancourt, indicated that they are carrying out their own review to determine if it would affect private property. Also, the mayor, Lili Campos Miranda, criticized the public utility declaration of 198 properties throughout 2,410,108 square meters in Cancun, Puerto Morelos, and the municipality of Solidaridad.
El Universal: Expropiaciones por Tren Maya, preocupantes.
3. Economic recovery a challenge for Mexico
The director of the Economic Development Division of the Economic Commission for Latin America and the Caribbean (ECLAC), Daniel Titelman, stated that, to recover growth levels prior to the pandemic, the national economy must grow between 2% to 3% in 2022. The Mexican economy grew 5.8% in 2021 and the forecast for this year is only 2.9%, after a drop of 8.2% in 2020.
ECLAC stressed that this will not revere poverty levels or that employment will return to 2020 level, indicators expected throughout Latin American.
4. The manufacturing sector will improve in 2022
Faced with less disruption in global supply chains, health improvements due to the advancements in vaccinations, and the forecasted growth of industry in the United States, Mexico hopes to catalyze growth in its own manufacturing sector. Between January and November 2021, manufacturing grew 9.0%, after a drop of 9.6% in 2020 due to the health crisis.
Citibanamex expects the manufacturing industry to grow 3.8% in 2022, above the 2.5% expected for the industry. In addition, it is expected that, with the normalization of supply flows, the sector will have greater growth, even to the point of bolstering the national economy. The transport, electronic, and the pharmaceutical chemical sectors top the list.
El Financiero: Anticipan panorama favorable para la manufactura en 2022.
5. 100% of signatures for mandate revocation validated
The revocation of mandate will be formally carried out. The National Electoral Institute (INE) reported that 103.17% of the signatures necessary to carry out the citizen exercise were gathered. The Institute has preliminarily authorized 2,845,634 when the law requires a minimum of 2,758,000 signatures.
The director of the Federal Register of Electors, René Miranda, explained that, although they have covered the necessary headings and the 21 states registered more than 3% validation, they will not advance the call given the requirement to review resources to carry out the query. For this requirement, it must be authorized by the Ministry of Finance and Public Credit (SHCP), which will define the amount and date of delivery.