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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 […]

Mexico: Educational Reform

(Sept. 30, 2013) President Enrique Peña Nieto of Mexico promulgated a decree on September 11, 2013, that extensively amends the General Law on Education. He also promulgated other secondary laws on education at the same time. These legislative enactments constitute a major reform of the country’s public education system. (Francisco Reséndiz, EPN Promulga Leyes en […]

Mexico: Chamber of Deputies Approves Financial Reform

(Sept. 30, 2013) On September 7, 2013, the Chamber of Deputies, one of the houses of Mexico’s Federal Congress, approved on the whole the financial reform package sent to the Congress on May 8, 2013, by President Enrique Peña Nieto. There were 383 votes in favor, 63 against, and 14 abstentions. The reform consists of […]

Guatemala; Mexico: Agreements Reached at Bi-National Commission Meeting

(Sept. 27, 2013) The Mexico-Guatemala Bi-National Commissionmet in late August 2013 in Mexico City to discuss topics of common interest for these two countries. (Press Release, Mexican Department of Foreign Affairs, Concluyó la XI Reunión de la Comisión Binacional México–Guatemala (Aug. 26, 2013).) Mexico’s Department of Foreign Relations indicated that, for the first time in the […]

Mexico: Admission to Australia Group

(Sept. 26, 2013) The Mexican government recently announced that it has been formally admitted as a member of the 42-member Australia Group (AG). (Press Release, Mexican Department of Foreign Affairs, México Ingresa Formalmente al Grupo Australia (Aug. 12, 2013).) The AG countries, on a voluntary and cooperative basis, work to prevent the dissemination of technologies, […]

Brazil; Mexico: Agreement to Skip Visas

(May 3, 2013) Brazil and Mexico recently signed a new agreement to mutually end the use of visas. The agreement enters into force on May 16, 2013. Pursuant to the agreement, Brazilians and Mexicans no longer need to apply for visas to enter the other country for visits lasting less than 90 days, for the […]

Mexico: New Amparo Law is Enacted

(Apr. 30, 2013) On April 2, 2013, the Mexican Executive Branch officially published a Decree in the Diario Oficial of the Federation (the official gazette) promulgating the Amparo Law, which regulates articles 103 and 107 of the Constituton. The Decree repealed the Amparo Law that had been published in the Diario Oficial on January 10, […]