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Chile; Colombia; Mexico; Peru: Trade Protocol Signed

(Feb. 18, 2014) The President of Mexico, Enrique Peña Nieto, with his counterparts the Presidents of Colombia, Chile, and Peru, signed an Additional Protocol to the Framework Agreement for the Pacific Alliance. The signing took place on February 10, 2014, at the closing ceremony of the 8th Pacific Alliance Summit, held in Cartagena de Indias, […]

Mexico: Senate Approves Penalty of Up to 60 Years of Imprisonment for Terrorists

(Feb. 18, 2014) The full Federal Senate of Mexico overwhelmingly approved draft legislation submitted by President Enrique Peña Nieto to increase penalties to up to 60 years in prison for anyone who commits the offense of terrorism in the country. The draft law provides that the Office of the Government Attorney (Ministerio Público) may order […]

Mexico: Federal Senators Seek Transparency of Allocated Financial Resources

(Feb. 18, 2014) Senators of Mexico’s Institutional Revolutionary Party (Partido Revolucionario Institucional, PRI), National Action Party (Partido Acción Nacional, PAN), Party of the Democratic Revolution (Partido de la Revolución Democrática, PRD), and Ecological Green Party of Mexico (Partido Verde Ecologista de Mexico, PVEM) will propose a new regulation on transparency of the Senate aimed at […]

Mexico: Federal Congress Initiates Current Session with a Heavy Legislative Agenda

(Feb. 14, 2014) The two Houses of Mexico’s Congress have started their new period of regular sessions with a heavy load of proposed amendments to secondary legislation derived from constitutional changes approved in 2013. The Senate has before it at least 73 suggested reforms to secondary legislation, and according to the analysis of parliamentary coordinators, […]

Mexico: National Code of Penal Procedure Approved

(Feb. 11, 2014) The Chamber of Deputies of the Federal Congress of Mexico approved a new National Code of Penal Procedure on February 5, 2014, after three hours of debate by seven parliamentary groups. There were 407 votes in favor of the new law, 28 against, and five abstentions. With this new Code there is […]

Mexico: Government Promulgates Federal Penal Reform on Pardons

(Nov. 8, 2013) The Mexican government recently promulgated a decree adding a new article to the Federal Penal Code. Article 97 Bis provides that the Mexican President may, exceptionally, by his own initiative or at the request of one of the chambers of the federal Congress, grant a pardon (indulto) for any federal or common […]

Mexico; United States: Agreement on Money Laundering and Terrorism Financing

(Nov. 8, 2013) The Mexican National Banking and Security Commission (CNBV) signed a Memorandum of Understanding with the U.S. Financial Crimes Enforcement Network (FinCEN) for the exchange of information on money laundering and terrorism financing. (Mexico y EU Firman Acuerdo Sobre Lavado de Dinero, EL UNIVERSAL (Oct. 30, 2013).) The CNBV stated that the main […]

Cuba; Mexico: 70% of Debt Forgiven

(Nov. 8, 2013) The Mexican Sectary of Finance and Public Credit (SHCP), Luís Videgaray, reported that the Mexican Government will forgive payment of 70% of Cuba’s debt to Mexico, which amounted to about US$487 million. The federal officer explained that this debt came from a loan that the Cuban government obtained from the National Foreign […]

Cuba; Mexico: Relationship Re-Launched, Agreements Signed

(Nov. 8, 2013) The foreign secretaries of Mexico and Cuba announced the re-launch of relations between the two countries and the strengthening of trade, financial, and other cooperation agreements. The Secretary of Foreign Relations of Mexico, José Antonio Meade, said Mexico will maintain a high-level political dialogue with Cuba and foster a closer relationship in […]

Mexico: Secretary of the Economy Calls for Second Phase of Integration of NAFTA

(Oct. 31, 2013) According to the news agency Notimex, the Mexican Secretary of the Economy, Ildefonso Guajardo, stressed the importance of updating and modernizing trade agreements, in order to leave behind the regional vision, reflected in the North American Free Trade Agreement (NAFTA), and make way for a global vision. He stated during the 11th Mexico […]