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Sheinbaum Offers Tax Deductions to Spur Mexico’s Nearshoring
- Decree was published in Mexico’s official gazette on Tuesday
- Measures aim to foment both investment and innovation
Claudia Sheinbaum on Jan. 13.
Photographer: Stephania Corpi/BloombergThis article is for subscribers only.
President Claudia Sheinbaum’s administration will offer greater enticements for companies seeking to relocate their manufacturing operations to Mexico to be closer to the US market, including generous tax incentives, according to a presidential decree.
The decree provides fiscal incentives “to support the national strategy called ‘Plan Mexico’, to foment new investments, encourage dual training programs and drive innovation,” according to the order that was published in the official gazette on Tuesday.