+1 (877) 212-5593

Our Main Services

  • Accounting & Taxes

  • We strive to comply with accounting principles and tax requirements for your company. The information is always on time and available online.

  • Import & Export

  • Our management team has a significant knowledge of Mexican Trade Compliance and Foreign trade requirements.
    .

  • Human Resources

  • We are a talent-focused organization that recruits passionate and thoughtful staff and then invests significantly in developing them for your organization.

  • Environmental Health & Safety

  • We enable organizations to outsource all or part of this important aspect of their business to our fully qualified health and safety representatives.

Mexico falls to No. 60 in World Bank’s Doing Business ranking

Mexico dropped six places to 60th in the latest edition of a World Bank report that measures the ease of doing business in 190 countries.

The Doing Business report awards each country a score out of 10 in 10 different areas: starting a business; dealing with construction permits; getting electricity; registering property; getting credit; protecting minority investors; paying taxes; trading across borders; enforcing contracts; and resolving insolvency.

Mexico’s score of 72.4 is slightly better than the 72.09 it obtained last year but couldn’t prevent the country from taking a tumble in the rankings.

Mexico’s ranking only improved in one area – protecting minority investors (up to 61st from 72nd) – and held steady in two others: enforcing contracts (43rd) and dealing with construction permits (93rd).

The country’s ranking went backwards in the other seven areas. It is no longer among the top 10 countries in any of the areas, dropping three places in “getting credit” to 11th.

Mexico has fallen 15 places in the Doing Business rankings since 2016 and this year lost the top spot in Latin America to Chile, which ranked 59th.

Speaking at his regular news conference on Thursday, President López Obrador was incredulous that Chile – where protests have virtually paralyzed the country in recent days – has surpassed Mexico as the easiest place to do business in Latin America.

“Yesterday, something to do with the World Bank came out about Mexico’s [business] rating and, listen to this, Mexico supposedly occupied first place [in Latin America] for foreign investment confidence but now we’ve fallen to second place,” he said.

“And who do you think now occupies first place?” the president, with a wry grin on his face, asked reporters. “Chile, so they’re not infallible.”

New Zealand took out the top spot in this year’s Doing Business rankings with a score of 86.8. Singapore was second followed by Hong Kong, Denmark, South Korea, the United States, Georgia, the United Kingdom, Norway and Sweden.

Somalia is the hardest country in which to do business, followed by Eritrea, Venezuela, Yemen and Libya.

The Client List

  • 1

About Mexcentrix

We assist companies with their manufacturing operations in Mexico.

Keep in Touch

 

  This email address is being protected from spambots. You need JavaScript enabled to view it.
  +1 (877) 212-5593
  Himalaya 210 San Luis Potosi

 

Get Map

Mexcentrix

Print

Latest News

07
Nov2019

Labor unions turn their back...

Activists recall job losses from NAFTA, say 'sham' unions in Mexico sabotage wages on both sides of...

25
Oct2019

Mexico falls to No. 60...

Mexico dropped six places to 60th in the latest edition of a World Bank report that measures...

11
Oct2019

Santa Lucía airport will be...

Project is based on 'fantasies' and 'good wishes' rather than good planning: Canacintra The Santa Lucía airport will...

10
Sep2019

razil, Mexico begin trade talks...

SAO PAULO (Reuters) - Brazil and Mexico have begun talks on a free trade deal, officials said...

28
Aug2019

Trump’s inconsistent messages on China...

WASHINGTON (AP) — U.S. tariffs on Chinese goods are going up. Wait, President Donald Trump says he’s...

15
Aug2019

Mexico replaces China as top...

As the United States and China continue to increase tariffs on one another, China has been dethroned...

01
Aug2019

Trump administration, Democrats make progress...

WASHINGTON (AP) — Congressional Democrats appear to be moving from “no way” to “maybe” on President Donald...

09
Jul2019

Charger Logistics expands cross-border network...

Charger Logistics’ new state-of-the-art facility in Laredo is up and running. The company aims to double its...

02
Jul2019

U.S. Chamber of Commerce slams...

MEXICO CITY (Reuters) - The U.S. Chamber of Commerce on Monday criticized the Mexican state-owned power utility...

23
Jun2019

USMCA finds momentum with Mexico’s...

Mexico’s June 19 approval of the United States-Mexico-Canada Agreement brings the updated version of the North American...

13
Jun2019

Mexico tariffs averted, USMCA back...

Congress will soon decide whether to ratify the United States-Mexico-Canada Agreement, the trade Opens a New Window....

07
Jun2019

Trump is weakening the Americas...

President Donald Trump’s tariff threats against Mexico are harming the Americas, Miguel Basanez, former Mexican ambassador to...

27
May2019

Mexico confirms economy shrank in...

Mexico’s economy contracted by 0.2 percent in the first quarter of the year, revised government data confirmed...

24
May2019

Ikea to open first Mexico...

MEXICO CITY • Ikea, the world's largest furniture seller, will open its first store in Mexico next...

18
May2019

United States Reaches Deal to...

WASHINGTON — The Trump administration reached an agreement with Canada and Mexico to lift tariffs on metal...

15
May2019

GoPro will move some production...

Shares of San Mateo-based action camera maker GoPro, Inc. jumped more than 7.5 percent in midday trading...

07
May2019

Time to say goodbye to...

It appears the Trump administration isn’t all that interested in a deal to replace the North American...

07
May2019

Japan's SoftBank taps into Mexican...

MEXICO CITY/SAN FRANCISCO (Reuters) - Japan’s SoftBank Group invested about $20 million in Mexican payments startup Clip...

06
May2019

Delays on U.S.-Mexico border threaten...

Long lines for cargo trucks trying to cross into the U.S. are affecting businesses on the border...

25
Apr2019

Mexican envoy: U.S. labor should...

Mexican Ambassador to the U.S. Martha Barcena Coqui on Monday said the U.S.-Mexico-Canada Agreement’s pioneering labor reforms...

«
»