{"id":2885,"date":"2019-04-26T15:30:51","date_gmt":"2019-04-26T18:30:51","guid":{"rendered":"http:\/\/www.abrazpe.org.br\/?p=2885"},"modified":"2019-04-26T15:30:58","modified_gmt":"2019-04-26T18:30:58","slug":"amlo-cancels-special-economic-zones-they-were-of-no-benefit","status":"publish","type":"post","link":"https:\/\/www.abrazpe.org.br\/index.php\/2019\/04\/26\/amlo-cancels-special-economic-zones-they-were-of-no-benefit\/","title":{"rendered":"AMLO cancels Special Economic Zones: \u2018they were of no benefit\u2019"},"content":{"rendered":"<p class=\"estimated-read-time\">Tempo de leitura:<small> 2 minutos<\/small><\/p> \n<p>President L\u00f3pez Obrador confirmed today that his government will eliminate the country\u2019s seven Special Economic Zones (SEZs), declaring that they were of \u201cno benefit\u201d to the economy.<\/p>\n\n\n\n<p>The president responded bluntly to a reporter who asked at his morning press conference whether the SEZs are going to disappear.<\/p>\n\n\n\n<p>\u201cYes, completely,\u201d L\u00f3pez Obrador said.<\/p>\n\n\n\n<p>\u201cThey were supposed to help but they never did anything to help. They [the former government] did business, they bought land, they squandered resources [but] there was no benefit at all.\u201d<\/p>\n\n\n\n<p>The Enrique Pe\u00f1a Nieto-led administration created SEZs in Puerto Chiapas, Chiapas; Salina Cruz, Oaxaca; L\u00e1zaro C\u00e1rdenas-La Union, Michoac\u00e1n and Guerrero; Coatzacoalcos, Veracruz; Seybaplaya, Campeche; Dos Bocas, Tabasco; and Progreso, Yucat\u00e1n.<\/p>\n\n\n\n<p>Each zone offered generous financial incentives to attract investment including a zero corporate tax rate for 10 years.<\/p>\n\n\n\n<p>Gerardo Guti\u00e9rrez Candiani, former head of the federal agency responsible for the SEZs, had predicted they would attract investment of US $42 billion over the next 15 to 20 years.<\/p>\n\n\n\n<p>But last month his successor, Rafael Mar\u00edn Mollinedo,&nbsp;<a href=\"https:\/\/mexiconewsdaily.com\/news\/cancelling-special-economic-zones-risks-losing-billions\/\">said the government was analyzing the viability of the zones<\/a>&nbsp;and that the Secretariat of Finance (SHCP) had taken the view that it would be more beneficial to concentrate government resources on the establishment of&nbsp;<a href=\"https:\/\/mexiconewsdaily.com\/news\/trans-isthmus-corridor-plan-a-pipe-dream\/\">a trade corridor on the Isthmus of Tehuantepec<\/a>.<\/p>\n\n\n\n<p>Sources inside the president\u2019s office confirmed that the government will pursue \u201cdevelopment projects\u201d instead of the SEZs.<\/p>\n\n\n\n<p>The zones were created in late 2017 and early 2018. One year ago, the federal government announced&nbsp;<a href=\"https:\/\/mexiconewsdaily.com\/news\/funding-announced-for-economic-zones\/\">a 50-billion-peso stimulus package<\/a>&nbsp;to encourage investment in them.<\/p>\n\n\n\n<p>In addition to canceling the SEZs, L\u00f3pez Obrador said that his administration has eliminated other government programs and agencies that generated little or no benefit for the country.<\/p>\n\n\n\n<p>\u201cThe Tourism Promotion Council was canceled yesterday,\u201d he said, referring to a vote in the lower house of Congress that approved the agency\u2019s disbandment.<\/p>\n\n\n\n<p>\u201cIt was a bottomless pit, it didn\u2019t promote tourism, it used money to buy loyalty . . . to pay for advertising in newspapers . . . Do you remember [international trade and investment agency] ProM\u00e9xico? It doesn\u2019t exist anymore either.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/mexiconewsdaily.com\/news\/amlo-cancels-special-economic-zones\/\">Leia mais<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><small> 2 minutos<\/small> President L\u00f3pez Obrador confirmed today that his government will eliminate the country\u2019s seven Special Economic Zones (SEZs), declaring that they were of \u201cno benefit\u201d to the economy. The president responded bluntly to a reporter who asked at his morning press conference whether the SEZs are going to disappear. \u201cYes, completely,\u201d L\u00f3pez Obrador said. \u201cThey were supposed to help but they never did anything to help. They [the former government] did business, they bought land, they squandered resources [but] there was no benefit <a href=\"https:\/\/www.abrazpe.org.br\/index.php\/2019\/04\/26\/amlo-cancels-special-economic-zones-they-were-of-no-benefit\/\" class=\"more-link\"><span>Continue lendo<\/span>\u2192<\/a><\/p>\n","protected":false},"author":4,"featured_media":2822,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["entry","author-adm_hb2018","post-2885","post","type-post","status-publish","format-standard","has-post-thumbnail","category-noticias"],"_links":{"self":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/2885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/comments?post=2885"}],"version-history":[{"count":1,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/2885\/revisions"}],"predecessor-version":[{"id":2886,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/2885\/revisions\/2886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/media\/2822"}],"wp:attachment":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/media?parent=2885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/categories?post=2885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/tags?post=2885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}