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AMLO Ends Special Economic Zones

The president said that the project promoted by the administration of Peña Nieto to promote the economy of the southeast of the country did not bring the benefits that were promised.

After deciding that the Special Economic Zones (SEZs) did not fulfill the function for which they were created, the President of the Republic, Andrés Manuel López Obrador, announced that these will disappear.

In a press conference at the National Palace, he explained that the project promoted by the administration of Enrique Peña Nieto to promote the economy of the southeast of the country did not bring the expected benefits to that region.

As part of the economic plan of the current administration, instead of continuing with the Special Economic Zones, priority will be given to regional development projects, such as the Mayan Train, the Dos Bocas refinery, and the Transisthmic Corridor.

The seven EEZs in the country are Lázaro Cárdenas-La Unión (Michoacán and Guerrero), Coatzacoalcos (Veracruz), Salina Cruz (Oaxaca), Puerto Chiapas (Chiapas), Progreso (Yucatán), Seybaplaya (Campeche) and Dos Bocas (Tabasco).The Special Economic Zones were one of the most important regional development projects of the management of Enrique Peña Nieto, which was started in 2016 with the aim of closing the economic and social gap that exists between the south-southeast and the rest of the country. A month ago, as explained by El Economista, Rafael Marín Mollinedo, head of the Federal Authority for the Development of Special Economic Zones of Special Economic Zones (AFDZEE), of the Ministry of Finance and Public Credit (SHCP), announced that this project could disappear.

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