Fully reaping the benefits of recent competition-enhancing reforms

Competition is essential to the functioning of markets. It fosters innovation, productivity and growth, which, in turn, create wealth and help to reduce poverty. Over the past years, Mexico has implemented ambitious reforms to free up its economy. Competition was enhanced in many sectors, most notably in the energy sector – electricity, oil and gas – and in telecommunication services. The role of regulators has been strengthened and the competition authorities have been empowered to deter collusion and other anticompetitive practices. Building on these achievements, Mexico now needs to ensure that entrepreneurship thrives and opportunities are spread evenly across the country. Removing existing barriers in services trade would benefit manufacturing and further facilitate the country’s integration into global value chains.