Actualité - Mexico Releases Austerity Policy

Mexico, Jan 16 (Prensa Latina) - In the face of adverse international conditions such as dropping oil prices and rising agriculture products, Mexican President Felipe Calderon announced the implementation of a policy of economic austerity.

Analyzing the Mexican economy with a group of industrialists, Calderon assured the country and the government will work to make everything possible to keep going.

He invited the businesspeople to make investments that forward the national economy and make it profitable, competitive and one of the world s largest in the next decades.

Among the measures announced to boost the industrial sector, the Mexican dignitary mentioned the creation of a single department to implement all public policies supporting micro, small and medium ventures.

He added the government will also undertake a tax system that facilitates investment and competitiveness, credits, economic stability and an export model that includes all productive entities.

(Prensa Latina News Agency)