The quality of the regulatory framework in Mexico registered an improvement of 8.3 percentage points from 50.2% in 2001 to 58.2% in 2002, but it still has a fail grade for being under 60%, according to the Center of Private Sector Economic Studies (CEESP).
The results of the CEESP survey "Quality of Regulatory Frameworks in Federal Organizations 2002", carried out among businesses, revealed that the number of days needed to open a business has still not been reduced and remains at 57 days on average.
Mario Rodarte, head of CEESP, said that in 2002, the costs of opening a small or medium-sized enterprise (SMEs) was 56,000 pesos (US$5,000); 1.2 million pesos (US$106,700) for medium-sized companies and 4.2 million pesos (US$373,500) for large companies.
There is a need for greater coordination and better rules to give more continuity to the programmes offered by the government, said CEESP.
Source: Internet Securities
