Mexico plans to lift caps on foreign investment

Outgoing President Felipe Calderón’s administration is assembling a proposal to lift caps on foreign investment in some Mexican businesses, Deputy Economy Minister Jose Antonio Torre said.

He declined to specify which industries the bill would target.

Other officials have called for the elimination of a 49 percent limit on foreign ownership of land-line phone companies to encourage competition. The current law also includes a 25 percent cap on domestic airline stakes.



Source: Bloomberg