Mexico pitches tax breaks to lure foreign investment, infrastructure doubts persist ...Middle East

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Mexico pitches tax breaks to lure foreign investment, infrastructure doubts persist
The logo of Mexico’s Central Bank (Banco de Mexico) is seen at its building in downtown Mexico City, Mexico February 28, 2019. Picture taken February 28, 2019. REUTERS/Daniel Becerril/File Photo Acquire Licensing Rights MEXICO CITY, Oct 11 (Reuters) – Mexico on Wednesday issued a decree to grant tax breaks for companies that relocate operations to Mexico, targeting major export industries such as carmaking and semiconductors, a move that won cautious praise from economists. The incentives are designed to attract companies that want to shift their offshore operations closer to their customers, called nearshoring, in the wake of supply chain disruptions in Asia during the COVID pande

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