• The president instructed the new head of the agency to expedite all the actions to create the country’s first Special Economic Zones.
  • The Regulations of the Federal Law on Special Economic Zones were issued, completing the general legal framework for its implementation.

In compliance with the presidential commitment, on June 30, the Regulations of the Federal Law on Special Economic Zones were published in the Official Gazette, together with the Decree creating the Federal Authority for the Development of Special Economic Zones (FADSEE ), which continues the planned actions for the implementation of this mechanism in states with the highest poverty levels in the country.

FADSEE will be a decentralized body of the Finance and Public Credit Secretariat, with technical, operational and managerial autonomy. It will be responsible for the planning, promotion, regulation, supervision and monitoring of the Special Economic Zones (SEZs), coordinating the actions of federal departments and agencies, liaising with local governments and working hand in hand with the private and social sector.

Its immediate purpose is to ensure that, by the end of this year, the decrees for the creation of the first zones are issued to ensure that the first companies in each region are established in 2018.

President Enrique Peña Nieto designated and swore in Gerardo Gutiérrez Candiani as the director of FADSEE, who promised to actively promote areas to achieve concrete productive investments and turn them into industrial and regional development centers.

Gerardo Gutiérrez Candiani served as president of the Business Coordinating Council from 2012-2015 and the Mexican Employers’ Confederation (Coparmex) from 2009 to 2011. He combines his experience in the private sector with the public sector- related activities. He has founded several companies and acted as an advisor to institutions such as Nacional Financiera, the National Foreign Trade Bank, the Institute of the Workers’ National Housing Fund, the Institute of the National Fund for Workers’ Consumption, and organizations such as the Community Foundation of Oaxaca and More Citizenship. Gutiérrez Candiani  holds a BA in Economics from the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM).

Newly appointed head of the Federal Authority for Development of Special Economic Zones Gerardo Gutiérrez Candiani declared that the authorities will advance quickly and sensitively in the implementation of this instrument that will transform the reality of many communities currently living in conditions of marginalization and poverty when they are provided with a more decent, sustainable source of income. Gutierrez Candiani pledged to meet the deadlines set by the president to take the benefits of this instrument to these regions of Mexico as soon as possible, although he admitted that the substantive benefits will be felt in the long run.

President Enrique Peña Nieto urged Gutiérrez Candiani to use all his capabilities and experience in the private sector to launch the first zones, which have been strategically selected to have a social impact, together with high economic viability. He said that just as structural reforms and their implementation broke paradigms in the first half of his administration, the implementation of the Special Economic Zones will be one of the flagship projects of the second half of his government.