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Mexico’s Guidelines for Foreign Investment: The Selective Promotion of Necessary Industries

In February of 1984, the National Foreign Investment Commission of Mexico surprised the investment community by announcing that it would apply the Foreign Investment Law of 1973 (FIL) with flexibility and would consider permitting foreign capital investment of up to 100 percent in a significant number of activities. Actually, Mexico had been expected to increase its restriction of foreign investment in view of the Government’s efforts to decrease its economic dependence upon other countries.