![]() Separately, Mexico has complained the US has misinterpreted the rules of the auto trade. The president has sought to reinforce the power of Petroleos Mexicanos, the state oil company, and the Comision Federal de Electricidad, rolling back some of the privatization pushed by prior governments. Mexico is in difficult negotiations with its major trading partners, the US and Canada, because of their allegations that the energy policies of Lopez Obrador discriminate against foreign firms. Lopez Obrador’s third economy minister in almost four years in government, Buenrostro arrives at a delicate time for the role, which focuses on trade and the promotion of exports and Mexican companies. She served as a deputy general manager in the Finance Ministry and worked as fiscal official in Mexico City’s government, in addition to taking on roles in the education ministry, the tourism ministry, and the state oil company. “She’s close to the president and is a useful player that the president is going to put wherever he has to resolve a problem.”īuenrostro studied mathematics at the National Autonomous University of Mexico and went on to earn a master’s in economy at the Colegio de Mexico. She’s efficient and follows instructions perfectly,” said Valeria Moy, director of the Mexican Institute for Competitiveness, a think tank in Mexico City. ![]() “In some way it’s expected, because Raquel Buenrostro is a tough person, like a soldier. Walmart de Mexico SAB was among companies that paid, coughing up 8.1 billion pesos ($403 million) in one of Mexico’s biggest tax settlements. Those payments added an extra $13 billion to the nation’s purse in 2020. Her crusade against big businesses has extracted settlements from telecommunication giant America Movil SAB, owned by Mexico’s richest man Carlos Slim, plus convenience store operator Fomento Economico Mexicano SAB and International Business Machines Corp. She will replace Tatiana Clouthier, who suddenly resigned this week. Raquel Buenrostro, announced as new economy chief by President Andres Manuel Lopez Obrador during a press conference Friday, has brought billions of dollars to public coffers through settlements with companies and spearheaded battles with some of Mexico’s most influential businessmen. (Bloomberg) - Mexico’s new economy minister will be the tax chief who oversaw a crackdown on big companies for allegedly abusing loopholes, amid a prolonged dispute with the US and Canada over the terms of the North America’s free trade agreement.
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