President Enrique Peña Nieto presented the Economic Recovery and Productive Development Program for the states of Campeche and Tabasco in the city of Villahermosa. This package of strategic actions is designed to stimulate economic activity in this important region of the country by supporting the economy of families and businesses.
In recent years, Mexico has been able to mitigate the negative effects of the complex situation of global financial volatility and instability. These conditions have been particularly severe for international oil prices.
“We are aware that the international environment has directly affected states such as Campeche and Tabasco, which have economies that are heavily dependent on the oil industry. This is undoubtedly a complex reality we must address with comprehensive answers.
1. Immediately address the lack of liquidity faced by companies in both states. Prioritize and expedite payments to local suppliers of Petróleos Mexicanos. There will be emerging actions for the Economic Reactivation of MSMEs, and temporary facilities, as regards both income tax and VAT, and social security contributions to the IMSS and INFONAVIT.
2. Offset the decline in economic activity by boosting public investment and job creation in the short term. To this end, additional resources will be assigned to paving projects through the Infrastructure and Productivity (FAIP) Support Fund, and investments scheduled for 2017 will be brought forward for the modernization of school premises through the 100% Schools Program. These actions will trigger job creation.
The Ministries of Social Development, Economy, Communications and Transport, Labor and Social Welfare and Tourism, will double their budget for these states in 2016.
SAGARPA will intensify its actions to promote regional crops, fisheries and aquaculture. In particular, the no-fishing zone in Campeche Sound will be reduced and funding will be provided for producers.
“This means that fishing will be permitted in an area where it was previously prohibited, covering an area of approximately 10,000 square kilometers, which will undoubtedly allow a large number of fishermen to fish in this area.”
As regards infrastructure, the new Unity Bridge will be built in Campeche, together with Section 2 of the Villahermosa Bypass. These two public works involved a combined investment of $2.5 million pesos and will have a major impact on regional productivity.
Meanwhile, PEMEX will temporarily use unconsolidated procurement schemes for goods and services for which there is a local supplier, which will trigger the economy in the region.
3. Promote the productive transformation of the region in the medium and long term. With the aim of promoting the industrial modernization and diversification of this region, a Special Economic Zone has been created for the benefit of Campeche and Tabasco, in addition to the three announced previously.
This will promote industrial development in the Coatzacoalcos-Ciudad del Carmen corridor.
The Ministry of Finance and the Ministry of Economy, in coordination with state governments, will promote the creation of strategic audited enclosures to facilitate the development of industry. They will design an innovative Productive Development Program for the region.
The primary sector will focus on aquaculture and fisheries; the industrial sector will leverage the capabilities of the hydrocarbon industry while the service sector will promote tourism.
With strategic vision, CONACYT will support technological innovation and development projects in the vast oil industry that exists in this region.
4. Establish a monitoring and communication scheme that will provide certainty for local economic actors. To this end, a Council for Economic Reactivation and Productive Development will be set up in each state, with the participation of the business, social and public sectors.
This mechanism is essential to evaluating and providing feedback on the actions we are announcing today and creating certainty about the economic future of both states.
This set of programs and actions involved a 6.8 billion pesos investment. These investments will inject dynamism into the regional economy on the basis of its advantages and opportunities.
"Mexicans should be proud of how we have evolved from being a country with an eminently petrolized economy to one with great diversification and a large industry that has been developing in various sectors.”