Over 20 companies interested in investing in Mexico after industry opening announcement: Onexpo
Following the countries authorities decision last year to open the country’s fuel market to private, including foreign competition as early as 2017 there are already “over 20” companies interested in investing in fuel retail in Mexico.
“There are over 20 companies interested in operating their own brand in 2016 and possibly their own product in 2017,” Jose Angel Garcia, president of Onexpo, was quoted as saying,
Until 2017 all gasoline sold in the country has to be supplied by Pemex but after that year imports would be legal.
The opening of the Mexican market accelerated following the signing of a free trade agreement with the US nearly two decades ago.
