National: Senate Passes Federal Law for Special Economic Zones (SEZ)

SEZ.pngThe Special Economic Zones @Presidencia de la República

On Thursday, April 14, the Senate passed the Federal Law for Special Economic Zones (SEZ) with 88 votes in favor and eight against. The purpose of this law is to reduce poverty, allow for the provision of basic services and broaden the opportunities for a healthy and productive life in the regions which have the greatest deficiencies in social and economic development, according to the judgment. It will do so through the promotion of investment, productivity, competitiveness, employment, and a greater distribution of income among the population. The law establishes preferential conditions for national and foreign private companies. It will give concessions for 40 years, renewable for 40 more, and will enjoy tax and customs exemptions for eight years, for example.

While the Institutional Revolutionary party (PRI), the National Action Party (PAN), Ecologist Green Party (PVEM) and the Democratic Revolution Party (PRD) endorsed the law, the PRD senator, Dolores Padierna, rejected it. She pointed out that the law does not provide for any social benefit but benefits “for the economic elite of this country and foreign companies.” Similarly, senator Layda Sansores San Ramon, Citizens Movement (MC), considers that “it auctions Mexico.” Sharing this idea, the coordinator of the Work Party (PT), Manuel Bartlett warned that the developers of the SEZ will become administrators of the states of the republic in which they operate and seek “to deepen the appropriation of national territory for big international finance companies.” In effect, the law plans the expropriation of all territories required to establish investment projects, which will be administered by businessmen, who will be able to operate their own surveillance and security companies. Bartlett concluded assuring that “this is not a Peña Nieto project, because Peña Nieto has no projects. This is a North American plan studied in its universities. It is a big lie that with growth there can be a distribution of wealth.”

For more information in Spanish:

Aprueba el Senado ley sobre zonas económicas especiales (Educa, 15 de abril 2016)

Con ZEE, Peña Nieto pretende terminar de rematar a México: Layda (Pagin@bierta, 15 de abril 2016)
Avanza ley de Zonas Económicas Especiales en el Senado (La Jornada, 14 de abril 2016)
Senado votará el jueves por ley de Zonas Económicas Especiales (La jornada, 13 de abril 2016)

For more information from SIPAZ:

México / Nacional: Diputados aprueban Ley Federal de Zonas Económicas Especiales (18 de diciembre 2015)

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