June 26th, 2026
1. Government seeks to boost the energy sector
Petróleos Mexicanos (Pemex) and the Brazilian oil company Petrobras signed a memorandum of understanding in Rio de Janeiro to establish strategic and technical cooperation with a view to evaluating, developing, and implementing joint projects in the hydrocarbons industry. The agreement, which is valid for two years and renewable, does not entail a binding investment commitment nor does it create a partnership or joint venture, but it opens the door to future negotiations in exploration, production, refining, petrochemicals, and fertilizers, including opportunities in deepwater and ultra-deepwater areas of the Gulf of Mexico.
On the domestic front, the federal government announced a 739 billion-peso electricity expansion plan to add 32,000 megawatts of capacity to the national power grid before the end of the six-year term in 2030. Of that new capacity, 70% will come from renewable sources, which would increase the share of clean energy in the electricity mix from the current 24% to 38%. The plan also aims to reduce the electricity sector’s dependence on natural gas and strengthen the country’s energy sovereignty. Energy Secretary Luz Elena González specified that by the end of the six-year term, the public sector will generate 61% of the nation’s electricity (up from 43% in 2023).
El Economista: Pemex y Petrobras explorarán proyectos comunes
2. Economy shows positive signs
The National Institute of Statistics and Geography (INEGI) released three positive economic indicators for Mexico. First, Mexico’s annual headline inflation moderated to 3.55% in the first half of June, down from 3.94% in May, marking its sixth consecutive decline. Second, economic activity in Mexico grew by 2.2% year-over-year in April and posted a monthly increase of 1.2%, its strongest growth in five years (March 2021); this result was driven primarily by construction, commerce, and various service sectors. Finally, unemployment in the country stood at 2.8% of the economically active population in May; the employed population reached 60.4 million people.
This was reflected in the decision issued by the Governing Board of the Bank of Mexico (Banxico), which unanimously kept the interest rate unchanged at 6.50%. The central bank noted that inflation continues to slow and that it considers it appropriate to maintain the rate at its current level for the remainder of the year, although it warned that risks to the economy persist, including uncertainty associated with the conflict in the Middle East.
El Universal: Inflación baja a 3.55% en la primera quincena de junio; es la sexta reducción al hilo
El Financiero: Economía de México gana ritmo en abril y supera lo previsto, con 2.2 por ciento
Proceso: La Junta de Banxico deja atrás las diferencias y mantiene sin cambios la tasa
3. More investments announced for Mexico
The Swiss-Mexican Chamber of Commerce and Industry reported that Swiss companies plan to invest approximately 1,240 million dollars in Mexico in 2026, primarily in the food, chemical, and manufacturing sectors. Meanwhile, the digital infrastructure company C3ntro Global announced an investment of nearly 200 million dollars to develop a submarine cable between Veracruz and Texas, with the aim of strengthening connectivity and data transmission between Mexico and the United States.
These announcements align with a report by the Economic Commission for Latin America and the Caribbean (ECLAC), which revealed that Mexico received $43,221 million in Foreign Direct Investment (FDI) in 2025, making it the second-largest recipient of FDI in Latin America and the Caribbean, behind only Brazil. The agency noted that investment in the country was concentrated primarily in services and manufacturing, although it also pointed out that the value of projects announced in Mexico fell by 43% compared to 2024.
Forbes: México, el segundo mayor receptor de IED en América Latina en 2025
Milenio: IP suiza prevé invertir mil 240 mdd en México
MVS Noticias: Invertirán 200 mdd en cable submarino México-EU
4. Morena kicks off the “unofficial” electoral process, and the INE registers two new parties
The ruling party, Morena, began registering “Coordinators for Transformation and National Sovereignty”—a term it uses for those who will eventually become candidates for the 17 governorships—which could be considered a violation of electoral law due to early campaigning. The allied parties, PVEM and PT, reaffirmed their alliance with Morena and also participated in the process, albeit with their own internal rules. So far, 124 candidates have registered for the 17 gubernatorial races, and the results will be announced on August 3, following the completion of polls.
Opposition parties have also joined this unofficial process. The National Action Party (PAN) set dates to select the “Defenders of the Homeland, the Family, and Freedom,” who will also be chosen through polls. The Institutional Revolutionary Party (PRI) had previously announced its “Defenders for Mexico,” who will begin touring the country. Finally, the Citizens’ Movement has not issued any call for candidates, although this does not mean that several legislators and leaders have not raised their hands to run. This comes at the same time that the National Electoral Institute (INE) announced the formation of two new parties, “Building Peaceful Societies” (PAZ) and “People Uniting in 2025” (Somos), bringing the total number of national parties running in next year’s elections to eight, rather than six.
La Jornada: Morena suma 124 registros de aspirantes a candidaturas estatales; continúa el proceso interno
El Heraldo de México: PAN adelanta selección de candidatos para las elecciones 2027, abriendo la participación ciudadana: Jorge Romero
Político MX: Alito Moreno revela diálogos con fuerzas locales para formar alianzas en las elecciones 2027
5. Mexico strengthen ties with European countries
President Sheinbaum welcomed King Felipe VI of Spain to the National Palace in a meeting that marks the resumption of bilateral dialogue after a seven-year hiatus. According to the Mexican government, the conversation focused on the relationship between the two countries and the importance of Mexico’s indigenous peoples. Officials from both governments emphasized their intention to strengthen diplomatic, cultural, economic, and people-to-people ties, thereby reopening the possibility of strengthening business ties between the two nations.
Meanwhile, the United Kingdom’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) entered into force, ushering in a new era of trade and investment with Mexico, as both countries will now be able to apply the treaty’s provisions to one another. This comes as Mexico seeks to diversify its trade ties and expand opportunities in sectors such as the automotive, aerospace, and pharmaceutical industries. Additionally, the European Parliament made progress on ratifying the new trade and political agreement between the European Union and Mexico, the first step toward its final adoption. It is worth noting that the agreement modernizes the bilateral relationship, eliminates most remaining tariffs, improves access to public procurement, and strengthens cooperation in areas such as human rights, climate change, digital trade, and sustainable development.
La Jornada: Recibe Sheinbaum al Rey Felipe VI de España en Palacio Nacional; abordan importancia de pueblos originarios
W Radio: Reino Unido entra al TIPAT: Inicia una nueva era de comercio e inversión con México
Aristegui Noticias: Avanza en la Eurocámara la ratificación del nuevo acuerdo comercial y político entre la UE y México