The Government prepares tax incentives for companies in the Isthmus area

The Government prepares tax incentives for companies in the Isthmus area

He stressed that the interest of President Andrés Manuel López Obrador is the development in the area to generate employment, and trigger economic activity in the area.

“In that sense, what we are discussing with the companies is what kind of fiscal schemes can be useful to them, the scheme is one that allows them to increase the rate of return so that they maintain their investment in the region,” he said.

He explained that although the Ministry of Finance has little room to make fiscal adjustments, this area “diverges so much” from the country’s economic activity that there are possibilities of establishing some type of incentive.

On Friday, April 22, businessmen from the United States and Canada, together with state and federal authorities, visited southeastern Mexico to evaluate investment possibilities, especially in the Interoceanic Corridor of the Isthmus of Tehuantepec.

Negotiate more trade deals

Luz María de la Mora, Undersecretary of Economy and Foreign Trade of the Ministry of Economy, highlighted when participating in the same forum, that public and private investment is vital for economic growth.

Therefore, during this administration, work has been done to facilitate investments, through rules such as trade treaties, investment protection agreements.

He explained that the Secretariat is currently negotiating trade agreements with Ecuador, beginning with South Korea and the United Kingdom. Work is also being done with Brazil and Argentina, in addition to the framework of the Pacific Alliance, with new partners such as New Zealand and Canada.

“Mexico understands that this network of treaties is a way of establishing rules in which we provide preferential access and the possibility of investing with certain conditions in the country. The State also retains its power to adjust certain types of projects according to the needs or public policy priorities,” explained de la Mora.

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