


"Although we would prefer to see this government be more supportive of mining and accelerate the issuance of new mining concessions and new mining permits, we now feel a bit more comfortable investing in new mines in Mexico. These election results are generally positive for the Mexican economy as a whole and for foreign investment in particular. Mining plays a key role in the Mexican economy because most of its positive economic impact is in the poorer rural areas of Mexico. Mining careers provide some of the highest-paying jobs in the country, representing 3-4 percent of total employment"


In 1991, local regulations changed after Mexico entered the General Agreement on Tariffs and Trade (GATT) and began preparations to enter NAFTA. NAFTA’s chapter on IP is much more solid and more specific than subsequent agreements, including the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) with the World Trade Organization (WTO). One of the most important topics related to IP agreed in NAFTA was the management of clinical data and open medications. Mexico’s entry into the Patent Cooperation Treaty (PCT) in 1995 allowed the country to advance in the standardization of its regulations in accordance with international standards. The signing of this treaty also increased the number of Mexican patents, which went from approximately 9,000 to 17,000 per year
