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On July 24th the U.S.-Mexico Chamber of Commerce,
Northeast Chapter (USMCOC-NE), had its III Annual
Mexico Real Estate Investment Forum which consisted
on four panels with 11 high level speakers that
shared their expertise on the current situation of
the real estate market in Mexico, changes in the tax
and legal framework of real estate investments, the
evolution of Mexican REITS and other real estate
investment vehicles, as well as on opportunities in
the housing, commercial and industrial sectors, and
many other relevant real estate investments topics.
The USMCOC-NE organized its
traditional annual Summer Networking Reception on
August 7th in the restaurant Havana Central. It was
great to see many familiar faces that have found in
the Chamber not only a great platform for business
development, but also for having fun. We were also
pleased to have several new young people in the
reception.
On September 14th the USMCOC-NE
celebrated Mexico’s Independence Day with its annual
gala. The celebration gathered more than 300 people
that enjoyed the cuisine of the best Mexican
restaurants in New York, and danced at the rhythm of
Latin music. The Chamber was honored to have the
Consul General of Mexico in New York, Amb. Ramón
Xilótl Ramírez, conducting the ceremony of “el Grito”.
The USMCOC-NE hosted a breakfast
with Jose Reyes Baeza, Governor of the State of
Chihuahua - Mexico’s Industrial Leader. The Governor
shared with the audience the enormous investment and
business opportunities that exist in Chihuahua, one
of the most economically developed states in Mexico.
Mr. Reyes Baeza said that some of the major
industries in the State are
electronics/communications, automotive/auto parts
and agro industry/food products. Similarly, he
mentioned that there are significant areas of
opportunity in the aerospace and biotechnology
industries.
In order to discuss the newly
approved Fiscal Reform in Mexico, the USMCOC-NE held
a conference with Alejandro Werner, Undersecretary
of Finance and Public Credit. Mr. Werner provided a
brief overview of the Mexican economy, and explained
the fiscal reform’s objective and its major
implications. According to Mr. Werner, the fiscal
reform seeks to increase revenues, fight tax evasion
and elusion, promote a relationship of greater
co-responsibility between the Federal and State
Government, and allow for a higher allocation of
resources to infrastructure and social spending.
Indeed, this conference represented a unique
opportunity for the attendees to hear first-hand the
key points of this major reform.
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William Signet, President, LandAmerica |
Robert Baer, President & CEO, DTZ Rockwood
Realty Asociados |
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Carlos Aiza, Partner, Creel Garcia-Cuellar &
Muggenburg |
Jorge Galindo,
CFO, Sociedad Hipotecaria Federal |
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Jose
Reyes Baeza, Governor of the State of
Chihuahua; Ramón Xilotl Ramirez, Consul
General of Mexico in New York |
Alejandro Ramos, Executive Director USMCOCNE;
Henry Burnett, Partner, Fulbright & Jaworski
LLP; Jose Reyes Baeza, Governor of the State
of Chihuahua |
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