Mexico has recently noticed that it is time to revamp its foreign investment laws in order to increase the possibilities of greater foreign investment. Easing the limits on industries with little or no competition such as the airline, communications and energy sectors would improve the environment for investment in these promising markets. Additionally, the new competition among companies would lower prices for the general consumer and create a more dynamic economic landscape. "We think that investment restrictions have to be revisited systematically in tandem with the country's economic growth," Jose Antonio Torre, deputy minister for competition and standard-setting at Mexico's economy ministry, said. The economy ministry and regulators will be part of the study by Mexico's Foreign Investment National Commission to reconsider investment caps last reviewed in 1993. Currently, foreign investment in airlines is capped at 25 per cent and at 49 per cent for fixed-line telephony.
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