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Local News: Q1 Foreign Investment Reaches 20 Year Highs

MEXICO
  • Mexico's finance minister Arturo Herrera said on Thursday a tax reform could be implemented in 2022.
    • "If a tax reform is proposed in September, it would be to take effect in 2022," he told veteran Mexican broadcaster Joaquin Lopez-Doriga. (RTRS)
    • Herrera also said that there are some price increases related to the Covid-19 quarantine, such as cleaning equipment, television and computers, but that they're components of a temporary inflation, and not a trend.
  • Mexican companies have received the highest amount of foreign investment in the first trimester of this year for more than 20 years.
    • Foreign direct investment from January to March totalled 11.9 billion dollars, the Mexican economics ministry said Thursday. It marked the highest figure for the first three-month period of any year since 1999, and an increase of 14.8 per cent compared to last year, the ministry said. (DPA)

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