The country advanced its business-friendly ranking of the World Bank to # 54, because of its regulation and transparency reforms has put it in a better position than Russia, India and China. “This year, Mexico has implemented three new reforms in business regulations, maintaining its lead over the BRIC countries, including Russia, India and China,” said the World Bank.
The results show that in 2011 Mexico has improved its position in the ranking on how companies can easily do business in Mexico, from position 54 to 53, according to the new evaluation methodology established from this year. The study recognizes the regulatory reforms that Mexico has implemented in three areas: management of permits, getting credit (legal rights), and tax.
This year’s study evaluates regulations affecting local businesses in 183 countries, and classified them into 10 areas of business regulation, such as starting a business, obtaining credit and trading across borders.
Among the measures that strengthened the competitiveness of the country in 2011 is the reduction in the time needed to obtain building permits to 23 days and a central register of that can be found online and greater access to credit.
Also, the World Bank and the IFC noted that the number of annual payments of taxes was reduced from 27 to six. With six payments, today Mexico is the most advanced economy in the region on this indicator, followed by Ecuador with eight, and Chile and Colombia with nine payments.
“The Government of Mexico has worked hard to improve the business environment and competitiveness. The success shown in some key areas should lead to new business opportunities not only jobs but,” said Gloria M. Grandolini, World Bank Director for Mexico and Colombia.
“The governments of Latin America and the Caribbean continue to adopt new technologies to make life easier for local businesses, and Mexico has been one of the countries leading the way in this area have made it easier for local entrepreneurs to do business in Mexico, “said Augusto Lopez-Claros, director of Global Analysis and Indicators, World Bank Group.
No comments:
Post a Comment