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 Mexicoportal |
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Events pertaining to 2021 in Mexican politics and government.
Note: This section is provided for updates by government body or agency in a narrative format.
See Banking and finance below.
The Federal Electric Commission (CFE) has come under scrutiny after massive blackouts on December 30, 2020, and related to the February 13–17, 2021 North American winter storm. The MRN party proposed reforming the Electricity Industry Law to the Congress of the Union. The proposal would reverse the energy reform approved under former president Peña Nieto. There are four priorities: 1) hydroelectric energy, 2) other energy produced by CFE (nuclear, geothermal, thermoelectric, and combined cycle gas turbines), 3) wind and solar energy produced by individuals, and 4) other. [70] CFE contends that subsidies to renewable energy ″bleed″ billions of pesos. [71] Critics say the proposed law is an attack on private industry and would violate both the Paris Agreement and the United States–Mexico–Canada Agreement. [72]
The reform was passed and published in the Diario Oficial de la Federación on March 9, 2021, but a judge suspended it at the request of ″Parque Solar Orejana″ on March 10. [73] President López Obrador called for an investigation.[ clarification needed ] [74]
Note: This section is provided for issue-based overviews in narrative format.
On December 14, 2020, the government introduced proposed changes to allow the Bank of Mexico (Banxico) to make it capture U.S. dollars in cash. Cynically called the Ley Monreal, because of its support by Senator Ricardo Monreal MORENA, critics worry it will lead to an increase in money laundering and decrease the bank's autonomy. [75] [76] Further, Gabriel Casillas, president of the Comité de Estudios Económicos del Instituto Mexicano de Ejecutivos de Finanzas ("Committee of Economic Studies of the Mexican Institute of Finance Executives″, IMEF) says the primary beneficiary of the law will be Banco Azteca, owned by billionaire Ricardo Salinas Pliego. [77] This is because Banco Azteca receives large quantities of dollars sent to families by Mexican expatriates living in the United States, but the bank does not have formal ties with an American banking institution. [78]
Debate on the bill was postponed until January 2021. [79] On January 21 President Lopez Obrador announced that he opposed a provision supported by Banco Azteca that would make it easier for banks to sell excess U.S. dollars to Banixco, although he said that the problem of excessive fees charged for sending money from the United to familities in Mexico persists. [80]
After the Supreme Court (SCJN) ruled in 2018 that prohibition of cannabis (marijuana) was unconstitutional, the legislature was given until December 15, 2020 to approve a new law. [81] The Senate approved a law regulating cultivation, distribution, production, sale, and use of marijuana on November 19, 2020, [82] but the Chamber of Deputies was unable to reach an agreement and the deadline was extended to February 2021. [83]
Javier Molina, analyst of the investment firm eToro, notes that legalization of recreational marijuana will increase tax collection, but Alfredo Neme, representative of the National Cannabis Council (CCN), warns that the bill was written will be a boon for large pharmaceutical companies and leaves out public-private associations. New Frontier, an organization that analyzes legal marijuana markets estimates the Mexican market at 2.3 million consumers with a value of USD $3.2 billion (MXN $65.4 billion). Neme said there is a potential investment of USD $6 to $10 billion in investment from 40 companies, which would also boost the creation of formal jobs. [84] The Chamber of Deputies approved recreational, medical, and scientific marijuana use on March 10, 2021, with a vote of 316-129. Recreational marijuana would be reserved for individuals over 18 who must register for its use. [85]
Legalization of poppy growing for medicinal purposes is also being considered. [86]
The July 2021 Mexican legislative election promises to be a battle between PAN, PRI, and PRD [87] on one hand vs. MORENA and PANAL [88] on the other.
President Andrés Manuel López Obrador has proposed referendums on his progress since 2018 and on criminal trials of his predecessors Enrique Peña Nieto, Felipe Calderón, Vicente Fox, Ernesto Zedillo, and Carlos Salinas de Gortari.[ citation needed ]
Sí, exageran. Y no sólo están mal sus datos, yo tengo otros datos y se va a informar. Me gustaría que ellos (la ASF) aclararan el dato del aeropuerto, que está mal. Si fuera así nos iba a costar el aeropuerto de Texcoco 600 mil millones de pesos. Vamos a aclarar y ojalá antes aclare la ASF.
