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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.

July 2007
Tuesday 24     
III Annual Mexico’s Real Estate Investment Forum

William Signet, President, LandAmerica

Robert Baer, President & CEO, DTZ Rockwood Realty Asociados

Carlos Aiza, Partner, Creel Garcia-Cuellar & Muggenburg

Jorge Galindo, CFO, Sociedad Hipotecaria Federal

August 2007
Tuesday 7                             
Summer Networking Reception

September 2007
Friday 14                              
Mexico’s Independence Day Celebration Gala

Ceremony of “El Grito”, conducted by Amb. Ramón Xilótl Ramírez, Consul General of Mexico in New York


Tuesday 18
Jose Reyes Baeza, Governor of the State of Chihuahua

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

Thursday 20                            
Mexico’s Fiscal Reform
Conference with Alejandro Werner, Undersecretary of Finance and Public Credit of Mexico

Alejandro Werner, Undersecretary of Finance and Public Credit of Mexico


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