The success is not random, it is the result of hardworking men and women pursuing one goal: the consolidation of a strong aerospace industry taking the potential of the region to become a reality. State Government and private international industry have been encouraging this sector too. Now, this valley have the proper infrastructure and the local companies that form and complement  successful supply chains. Furthermore, Queretaro has a peaceful and legal environment for business development in this industry.

The first aerospace generation of entrepreneurs and directors in Queretaro (General Electric, Safran Group, ITR, Bombardier and Aernnova) create an innovative sector to impulse business in the region. Nowadays, Queretaro constitutes a powerful attraction at an international level with its synergy and competitiveness with more than 80 associates in FEMIA (Mexican Federation of The Aerospace industry) and presenting 11% growth in its exports in 2018 compared to the previous year.

“Industrial policies have long-range and, in comparison with past decades as the 70’s, when industry relied on subsidies, now the vision is combine elements to have an economy open to foreign trade, where three fundamentals must prevail: innovation, inclusion and diversification, in order to promote a healthy economic competition» said Ernesto Acevedo Fernández, undersecretary of Industry and Commerce of the Ministry of Economy.

This October 3 and 4, the Ministry of Economy in collaboration with the CCE (Business Coordinating Council), INDEX (National Council of the Manufacturing Export Industry) and CONCAMIN (Confederation of Industrial Chambers) convene the First B2B Meeting of Automotive- Auto parts, Aerospace and Electrical-Electronic Sectors. This meeting will be a start to a new industry policy in Mexico, in order to impulse these industries and offer new services to customers around the world.

The post The Aerospace Valley in Queretaro, Mexico appeared first on Staff Relocation Services México.

The Ministry of Environment and Sustainable Development, the body responsible for leading the implementation of CE, announced the government is interested in using economic incentives to increase the re-using of waste and discarded materials. The Decree 2412 of 2018 created the “Incentive for the Use and Treatment of Solid Waste” (“IAT”) to benefit companies who contribute to recycling and better handling of waste starting on August 1, 2019.

Colombia is also pushing to increase renewable energy. The National Development Plan, a legal framework that guides the actions of the Colombian government and public policy, enshrines into law the existing tax benefits for the investment and implementation of renewable energy. Law 1715 of 2014 introduced benefits to obtain a tax deduction for investments made in renewable energy. Currently the deduction applies for 5 years following the investment but the National Development Plan seeks to extend the deduction to 15 years.

In conclusion, Colombia is advancing a variety of policies to protect the environment and create favorable conditions for investment. Increasing and extending tax incentives are targeted to further attract investors and entrepreneurs. The Colombian economy as a whole is attracting more and more capital and investment from abroad, during the first four months of this year foreign direct investment by 22.6% compared to the same period of 2018. Colombia is ripe for new investors and particularly for investors concerned with the environment.

SRS Colombia, with its broad portfolio of immigration and destination services, is an ally of multinational companies who care about implementing sustainability policies to preserve the environment.

Referencias:

Caracol Radio. (2019, June 15). Duque lanzó la estrategia de Economía Circular. Retrieved July 15, 2019, from https://caracol.com.co/radio/2019/06/15/politica/1560620243_073919.html

El País. (2019, January 6). Entregarán incentivos económicos a quienes fomenten el reciclaje en el país. Retrieved July 15, 2019, from https://www.elpais.com.co/economia/entregaran-incentivos-economicos-a-quienes-fomenten-el-reciclaje-en-el-pais.html

Ellen Macarthur Foundation. (n.d.). Economía Circular. Retrieved July 15, 2019, from https://www.ellenmacarthurfoundation.org/es/economia-circular/concepto

La República. (2019, May 18). Gobierno dará beneficios tributarios por invertir en energías renovables. Retrieved July 15, 2019, from https://www.larepublica.co/economia/gobierno-dara-beneficios-tributarios-por-invertir-en-energias-renovables-2863339

Ministerio de Ambiente y Desarrollo Sostenible. (n.d.). Colombia le apuesta a las 9R en economía circular. Retrieved July 15, 2019, from http://www.minambiente.gov.co/index.php/noticias/4225-colombia-le-apuesta-a-las-9r-en-economia-circular

Ministerio de Ambiente y Desarrollo Sostenible. (2019, March 14). Colombia impulsa la primera resolución de economía circular global. Retrieved July 15, 2019, from http://www.minambiente.gov.co/index.php/noticias/4268-colombia-impulsa-la-primera-resolucion-de-economia-circular-global

Ministerio de Vivienda, Ciudad y Territorio. (2018, December 28). Se crea incentivo para fomentar el reciclaje y tratamiento de residuos en Colombia. Retrieved July 15, 2019, from http://www.minvivienda.gov.co/sala-de-prensa/noticias/2018/diciembre/se-crea-incentivo-para-fomentar-el-reciclaje-y-tratamiento-de-residuos-en-colombia

Portafolio. (2018, May 15). Beneficios tributarios para las fuentes no convencionales de energía. Retrieved July 15, 2019, from https://www.portafolio.co/economia/beneficios-tributarios-para-las-fuentes-no-convencionales-de-energia-a-traves-de-fideicomisos-517133

Portafolio. (2019, May 14). Inversión extranjera directa creció 22,6% hasta abril. Retrieved July 15, 2019, from https://www.portafolio.co/economia/inversion-extranjera-directa-crecio-22-6-hasta-abril-529549

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Entrepreneurs and investors globally and in Colombia increasingly have a growing interest in Fintech because of the attractive market conditions as well as the projected positive growth potential in the future of the sector. Last year in Colombia the number of active Fintech companies increased by 45%. In 2017, Pricewaterhouse Coopers (“PWC”) released a report indicating 82% of financial entities studied by PWC asserted they were interested in increasing their ties with the Fintech sector in the next 3 to 5 years. Additionally, a recent report found Colombian consumers last year for the first time engaged in more than half of their bank related transactions through the internet or via an app (both in volume and in value) rather then in brick-and-mortar financial institutions.

The Colombian government is interested in prioritizing and growing the information technology sector. In 2018, Colombia issued Decree 2442 facilitating financial and investment banking companies to invest in the Fintech companies, potentially accelerating its growth.

Additionally, the director of the Colombian tax authority or DIAN (Dirección de Impuestos y Aduanas Nacionales) indicated the DIAN is working diligently toward promoting a shift into increasing technology. The DIAN now offers digital invoicing and is working toward generating regulations adapted for the new tax incentives promoting digital entrepreneurship contained in Law 1943 issued in 2018. Colombia’s official National Development Plan, a plan favored by the current Colombian administration, names the use and advancement of technology as one of the chief pillars and priorities for the country. Therefore it is likely further incentives benefiting the Fintech sector may become available in the future.

Worldwide, the Fintech sector has attracted over $58 million in investment and has steadily grown over recent years. Colombia’s Fintech sector has various successful startups such as Nequi, Movii and Ualet. All three have experienced growth in the last several years. Based upon the current market and political conditions, the Fintech sector is ripe for investment and growth.

SRS is pleased to offer immigration and destinations services support to multinational companies who are changing the world with their technological innovations.

References:

Actualícese. (2019, March 28). Transacciones por internet superan a las operaciones que se hacen en bancos: ¿cuál es el secreto? Retrieved July 15, 2019, from https://actualicese.com/actualidad/2019/03/28/transacciones-por-internet-superan-a-las-operaciones-que-se-hacen-en-bancos-cual-es-el-secreto/


Colombia Fintech. (2019, July 11). DIAN le apuesta a la reglamentación de los incentivos tributarios para los emprendimientos digitales Fintech. Retrieved July 15, 2019, from https://www.colombiafintech.co/novedades/comunicado-de-prensa-la-factura-electronica-como-titulo-valor-y-el-desarrollo-comercial-de-este-instrumento


Colombia Fintech. (2019, June 26). ¿Cómo estuvo la industria Fintech de Colombia en el 2018 con respecto a América Latina? Retrieved July 15, 2019, from https://www.colombiafintech.co/novedades/como-estuvo-la-industria-fintech-de-colombia-en-el-2018-con-respecto-a-america-latina


Dinero. (2018, September 26). Fintech: La inesperada revolución que encara el sector financiero. Retrieved July 15, 2019, from https://www.dinero.com/economia/articulo/reportaje-explica-las-fintech-en-colombia-y-america-latina/262418


Economía TIC. (n.d.). Tecnología financiera: ¿Qué es Fintech y cómo está revolucionando el sistema financiero? Retrieved July 15, 2019, from https://economiatic.com/fintech/


La República. (2019, April 29). Las fintech atraen US$58.000 millones en el mundo. Retrieved July 15, 2019, from https://www.larepublica.co/especiales/industria-fintech-abril-2019/las-fintech-atraen-us58000-millones-en-el-mundo-2856535


Portafolio. (2019, March 14). En Colombia hay 180 ‘fintech’, 45% más que en 2018. Retrieved July 15, 2019, from https://www.portafolio.co/economia/finanzas/en-colombia-hay-180-fintech-45-mas-que-en-2018-527489


Portafolio. (2019, April 14). La inversión en las ‘fintech’ impulsará la banca en el país. Retrieved July 15, 2019, from https://www.portafolio.co/economia/finanzas/la-inversion-en-las-fintech-impulsara-la-banca-en-el-pais-528566

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25 years after the creation of NAFTA, Canada, USA and Mexico have reached a new free trade agreement. This new treaty started with the request of president Donald Trump, who considered the original treaty as “a mess” for his country. The negotiations for USMCA (or CUSMA in Canada and T-MEC in Mexico) lasted 13 months in which the representatives of the original members updated conditions for free trade among these countries, taking into consideration the global changes that have occurred in the last few decades.

The new agreement was signed by Trudeau, Trump and the former president of Mexico, Peña Nieto in October 2018. However, it wasn’t until July 2019 that the Mexican senate ratified the treaty, it must also be ratified by the USA and Canadian legislatures before it can come into effect, hopefully during 2020.

Both agreements are significantly similar, but there are differences between them. One of these differences is chapter 24, where environmental rules are the core. In this chapter there are some relevant ordinances about CO2 emissions, restrictions to trading products than can affect the integrity of the ozone layer, measures that must be taken to avoid flora and fauna trafficking, the legal framework enforcement for environmental matters, and the inclusion of regulation of the North American Commission for Environmental Cooperation.

Chapter 27 contains a brand-new topic in the negotiation: the implementation of measures to fight corruption in member countries. The forecasts related to transparency in business information and investment are capital. There should be a commitment from all members to not overlook the enforcement of domestic laws to guarantee the fight against corruption.

Due to the technological changes occurred in the last 25 years, it was prevailing to include a chapter on electronic trade. Section 19 verses about the regulations for the transactions of digital products such as software, music and books that will be not taxed. On the other hand, the parts must be committed to protecting consumers from possible fraud through the creation of laws to regulate the digital commerce in every involved country and reinforce the state’s entities to create a cybersecurity environment.

The automotive industry will be affected too. The USMCA includes new requirements for the free trade of vehicles, which must be 75%-produced in one of the three nations (at this moment the regulation demands only 62.5%). The agreement includes a clause that determines workers paid at least US$16 per hour must be producing 40%-45% of the vehicles, this comes with the intention of avoiding relocation of factories in Mexico.

The new treaty includes a “sunset” clause, that is nothing more than an expiration date after 16 years. The deal is also subjected to be reviewed every six years and the three nations can decide if they extend the USMCA or not. This agreement represents an opportunity to consolidate North America as a competitive region with plenty of possibilities to export its products and empower its supply channels, in opposition to protectionist paradigms and new global challenges.

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The E.U. and Colombia share a robust economic relationship. The E.U. represents about 14.7% of Colombian foreign trade, making the E.U. the second largest commercial ally of Colombia, ahead of large economies such as China and being only surpassed by the United States. In 2013 the Free Trade Agreement with the European Union went into effect and its impact has been widely visible. By 2017, the increase in commercial activities between Colombia and Europe was climbing, reaching a figure of $ 980 million USD in direct foreign investment in the fourth quarter of the year and the number of European companies in Colombia increased by 361 incoming companies since 2010, whose new investments totaled $ 11.25 million USD. Additionally, looking towards the future of the E.U.-Colombia relationship, both political and economic signals appear to be positive and favorable to the strengthening of trade between the parties.

During the first quarter of this year, there was an 8.1% increase in trade between the E.U. and Colombia. Most of the growth was in the agricultural sector, Colombia increased its exports to the E.U. from 18% in 2013, to about 44% during 2018. Exports of avocado, palm oil and carnations experienced the highest levels of growth. The estimated total value of commercial activity between Europe and Colombia reached the value of $12.43 billion USD in 2018.

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Recently, Colombia and the E.U.’s political and diplomatic ties strengthened. Over the past several months the Colombian authorities and several entities in the United Kingdom, Switzerland and France met multiple times. Dialogue between the British Prime Minister Theresa May and the Colombian government expressed great interested in maintaining commercial flows while the U.K. works through Brexit. Also, agreements were reached with the governments of Switzerland and France to further strengthen trade, especially in agricultural and food exports, generating a favorable outlook for increased investments in Colombia.

The outlook for economic ties between the E.U. and Colombia is positive and promising for future growth. The current political and economic climate favors the growth of trade, the exchange of technologies, knowledge and investment in Colombia.

SRS Colombia is a strategic partner offering immigration and destination services of the highest caliber to prominent European multinational corporations.

Referencias:

Asociación Nacional de Comercio Exterior. (n.d.). TLC entre Colombia y la Unión Europea. Retrieved July 15, 2019, from https://www.analdex.org/2018/07/26/tlc-entre-colombia-y-la-union-europea/

Caracol Radio. (2019, June 24). Estos son los resultados de la gira del presidente Duque en Europa. Retrieved July 15, 2019, from https://caracol.com.co/radio/2019/06/24/nacional/1561394613_530391.html

Dinero. (2017, July 31). A cuatro años del TLC con la Unión Europea, así está la relación comercial. Retrieved July 15, 2019, from https://www.dinero.com/economia/articulo/tlc-entre-colombia-y-la-union-europea-2017/248035

EFE. (2019, June 24). El comercio entre Colombia y Unión Europea crece un 8,1 % en el primer trimestre. Retrieved July 15, 2019, from https://www.efe.com/efe/america/economia/el-comercio-entre-colombia-y-union-europea-crece-un-8-1-en-primer-trimestre/20000011-4001062

EFE. (2019, July 5). España busca reforzar oportunidades de inversión en Alianza del Pacífico. Retrieved July 15, 2019, from https://www.efe.com/efe/america/economia/espana-busca-reforzar-oportunidades-de-inversion-en-alianza-del-pacifico/20000011-4017106

World Bank. (n.d.). PIB (US$ a precios actuales). Retrieved July 15, 2019, from https://datos.bancomundial.org/indicador/NY.GDP.MKTP.CD?end=2018&locations=EU-US-CN&most_recent_value_desc=true&start=2018&view=bar

World Economic Forum. (2018, April 18). The world’s biggest economies in 2018. Retrieved July 15, 2019, from https://www.weforum.org/agenda/2018/04/the-worlds-biggest-economies-in-2018/

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This city has different elements to highlight and especially enjoy, for example: one of its main emblems is the macro plaza, since it has an area of 40 hectares, which is equivalent to 2 times the size of the Red Square of Moscow, five times the size of St. Peter’s Square in the Vatican and six times of the Zocalo in Mexico City.

Currently, and as a measure of growth, fundamental to the mobility system, the construction of a light train from the Monterrey International Airport to the municipality of García is considered  to complete the work of the city’s Railway Libramiento.

This project aims to offer service to 850,000 potential passengers; additionally and as stated by Javier Jiménez Espriú, head of the SCT «It would potentially serve a substantial part of the 11 million passengers who annually use the Monterrey International Airport».

The expected result of these 39 kilometers will be a watershed in the history of rail transport in the state and, above all, in the improvement of connectivity and urban transport.

In addition to the current works to be developed, the capital of Nuevo León recently approved the issuance of the Municipal Public Administration Regulation, which contemplates the creation of the new Secretaria de Infraestructura Vial; in order to restart activities of just over four million square meters of asphalt binder and road engineering throughout the city.

As fundamental pillars of this dependence, it will have six Directorates: Road Engineering and Mobility; of Public Roads; of Municipal Damages; Signaling and Road Devices; Technical and Project; and Administrative, however, it is important to consider that some already existed.

One of the first proposals launched by the new Secretaria will focus on releasing vehicular congestion roads, that is, four high viaducts are intended to be built on Gonzalitos, Morones Prieto, Garza Sada and Nogalar avenues.

The transformation that has crossed the city of the north, has taken it to be placed as a place with growth opportunities for its inhabitants and the rest of the people who can reach the iconic city of our country, without a doubt, it is of the utmost importance changes it has constantly gone through.

Come to us and let us orient you about this and other cities as an option for the arrival of your collaborators from abroad. In SRS Mexico we have a highly qualified staff to provide our integration and adaptation service according to your lifestyle.

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For this reason and in line with the flexibility Colombia has given the 1.2 million Venezuelans residing in the country, the Ministry of Foreign Affairs decided to extend the validity of Venezuelan passports, through Resolution 0872 on March 5, 2019. The new resolution applies to all Venezuelan passports that are currently expired or that are about to expire.

One element of the new resolution is in the Second Article. It allows holders of the aforementioned Venezuelan passports to enter, transit and leave the Colombian territory, during the next two years, counted from of the expiration date of the passport. The new regulation will be very helpful for expatriates who have had difficulty obtaining new passports, giving them a longer time frame to renew.

Additionally, resolution not only allows the holders of these passports to transit through the county, but can use the passport validly for other purposes. The resolution in the Fifth Article expressly states that the expired Venezuelan passport may be used for the issuance and renewal of visas. This is especially important because, by allowing access to visas, expatriates will be able to work in Colombia, and their children will be able to continue to study in Colombia.

Finally, it should be mentioned that the resolution establishes that the expired Venezuelan passport may serve as an identification document for its holder during the expatriates stay in Colombia, as long as it has the stamp of entry and permanence. This provision does not exempt Venezuelan citizens from processing and obtaining an alien identification card when the conditions in which Colombian regulations so require, as well as following all of the new resolutions procedures and requirements.

For its part, Migración Colombia announced that the automatic migration system will begin operating through biometric recognition at the border post of Rumichaca of Colombia with Ecuador, which will later be extended to the eight migration control points in Colombia. Automatic locks or doors will be created where the expatriate will be able to leave the country simply by looking at a screen, typing in his document number, data will be recorded in the database and then they will be able to leave in a matter of 10 seconds rather wait in line for 4 hours.

SRS Colombia counts on an expert team of immigration lawyers to assist multinational companies in all of their legal immigration needs to assist expatriates and their families.

References

Ministerio de Relaciones Exteriores. (5 de marzo de 2019) Por la cual se dictan disposiciones para el ingreso, tránsito y salida del territorio colombiano, para los nacionales venezolanos que porten el pasaporte vencido. [RESOLUCIÓN 872 DE 2019]. DO: 50.888.

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Because the high demand and the high cost of fuel, there is a need to create «Dos Bocas», the seventh refinery in the country that will be in the state of Tabasco.

The first stone of the refinery was placed on December 10, 2018 this is part of one of the three most ambitious projects in infrastructure for the current government of Mexico.

The objectives for the creation of this plant are: to produce and generate wealth through oil, fair price of fuel, energy security and greater responsibility with the environment.

The project will have a self-sufficient generation system, 17 process tanks, 93 tanks and spheres, as well as the rehabilitation of the Minatitlán Refinery, Salamanca Refinery, Tula Refinery, Cadereyta Refinery, Madero Refinery and Salina Cruz Refinery; in the first year.

The advantages will be: arrival of marine pipelines, cabotage facilities for the output of products, availability of crude, infrastructure for storage, transportation of products and the creation of 23 direct jobs and 112,000 indirect jobs.

The infrastructure of «Dos Bocas» will allow supplying crude oil to the Central West, South Pacific and Yucatan Peninsula. It is estimated that the seventh refinery produces 340,000 barrels of crude per day, to have 170,000 barrels of gasoline and 120,000 of diesel per day; the equivalent to 35% of the gasoline that Mexico currently imports.

The 704 hectares of the «Dos Bocas» refinery will be able to put Mexico back as a self-sufficient energy country.

It is important to note that the construction of this large infrastructure project will have a maximum investment of 8 billion dollars, planned for a period of three years for its execution and energy efficiency, in addition to complying with all international standards.

This is undoubtedly a project that will promote various sectors in Mexico.

If you want to know more details of this country, contact SRS Mexico, we have a trained team to provide support to companies that offer foreign personnel, in order to achieve an easy and pleasant adaptation in a new country.

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Throughout recent years, the role of mining in Colombia has been increasing rapidly. Between 2010 and 2015, the mining sector contributed 19.6% of exports and 16% of direct foreign investment. 2017 was also fruitful, with high production in areas such as coal, which reached 90 million tons. Exports grew 35% in 2017 and exceeded 1.2 billion dollars. The first quarter of 2018 experienced a 135% growth in foreign direct investment compared to the same period in 2017, reaching the level of 1.039 billion dollars according to statistics of the National Agency of Mining.

The current year looks equally promising for the mining industry. According to Santiago Ángel Urdinola, the president of the Colombian Mining Association, he expects foreign direct investment in to soon exceed 1.5 billion dollars.

Mining has experienced a few recent positive legal developments. At the end of 2018, the Constitutional Court, issued a ruling that determines that the legal mechanism of the Popular Consultation cannot stop mining activities such as extraction. This ruling gives companies and their investors greater legal security when it comes to advancing mining projects in the country. Additionally, the National Development Plan, the basis for the generation of public policies in Colombia, has sought to boost the sector and facilitate the implementation of mining in Colombia.

To maintain the growth and continue to promote the sector, the Colombian government has advanced diplomatic efforts aimed at this end. One of the most significant is the signing of an energy understanding agreement with the United States at the Concord Summit for the Americas in 2019. In this document, cooperation guidelines were established between the two nations for technological exchange, the training of personnel, assistance in the exploration for the search of new unconventional deposits and other projects.

Mining also generates significant employment. The mining and energy sector generate close to 350,000 direct jobs in the country and represent 2% of the gross domestic product (GDP). Likewise, mining activity generates important royalties for the regions where it is carried out, which greatly benefits the local economy and a greater investment in infrastructure. Since 2010, 5.5 billion dollars in royalties have been generated.

In the long term, predictions for the sector also present important figures for domestic and foreign investors. The Colombian Ministry of Mines and Energy has provided optimistic future scenarios. One such scenario is the possibility Colombia to generating 8% of the world’s copper production by 2030 due the more than 600 mining titles for the exploitation of copper. Copper is estimated to reach double the current demand 2050.

Colombia’s promising mining and energy sector is providing opportunities now and in the future. A positive outlook, increased legal protection and a supportive government make the mining and energy sector ripe for exponential growth and increased foreign direct investment.

SRS Colombia has expert destination consultants in the main cities of the country, including the cities of Riohacha, Valledupar and Montería.

References:
Agencia Nacional de Minería. (2018). IED Minas y Canteras crece en 2018. Retrieved May 28, 2019, from http://mineriaencolombia.anm.gov.co/index.php/es/ied-minas-y-canteras-crece-en-2018
Caracol Cartagena. (2019, May 11). El sector minero genera 350 mil empleos directos en Colombia. Retrieved May 28, 2019, from https://caracol.com.co/emisora/2019/05/11/cartagena/1557569427_072993.html
Dinero. (2018, December 4). La paradoja que vive el sector minero en Colombia. Retrieved from https://www.dinero.com/edicion-impresa/negocios/articulo/situacion-del-sector-minero-en-colombia/257223
El Tiempo. (2018, October 12). Claves del fallo sobre consultas para frenar actividades extractivas. Retrieved May 28, 2019, from https://www.eltiempo.com/justicia/cortes/corte-constitucional-dice-que-consultas-minares-no-pueden-frenar-la-mineria-280304
La República. (2019, May 13). Ministerio de Minas y Energía firmó memorando de entendimiento energético con EE.UU. Retrieved May 28, 2019, from https://www.larepublica.co/economia/ministerio-de-minas-y-energia-firmo-memorando-de-entendimiento-energetico-con-eeuu-2861383
Ministerio de Minas y Energía. (2016, April). POLÍTICA MINERA DE COLOMBIA. Retrieved May 28, 2019, from https://www.minenergia.gov.co/documents/10180/698204/Política Minera de Colombia final.pdf/c7b3fcad-76da-41ca-8b11-2b82c0671320
Portafolio. (2018, November 19). ‘En 2019, inversión minera estaría por encima de US$1.500 millones’. Retrieved May 28, 2019, from https://www.portafolio.co/economia/en-2019-inversion-minera-estaria-por-encima-d-los-us-1-500-millones-523548m

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Private equity funds invest their money in two types of companies: those that are new and have a promising future, but their operating costs are very high; and the established companies that have been in the market for some time, but that are having difficulties and need a strategy to continue offering their products.

Next, we will talk about some private equity associations that have recently invested in Mexico:

• Alta Growth Capital

It is a private equity fund that invests in mid-market companies that operate in Mexico. The sectors in which they invest are for internal consumption such as: health, housing, education, manufacturing and financial services. Some of the brands in which it has recently invested are: Little Caesars, Teletec, Fruehauf, Grupo Empresarial Bienestar, Grupo Turistore and + KOTA, to name a few.

• DUX Capital

Invests in all Latin American countries, during the month of May an agreement was concluded with «Deal», a Mexican startup focused on facilitating the management of contracts with the use of technologies such as Big Data, Artificial Intelligence and Blockchain in order to eliminate the problem that exists for people when handling paper documents.

The contract between «Trato» and DUX Capital was digitally signed through the platform of the Mexican startup. The capital invested was USD $ 350,000.

• DILA Capital

This fund for Latin American entrepreneurs has also given much to talk about in recent days, because they recently invested in a platform that grants loans to Mexican companies to grow and improve the management of their capital, in addition to investing.

• Redwood Ventures investment fund

A few months ago he added to his portfolio the company Troquer, the pioneer brand and leader in Mexico of sustainable fashion.

Troquer’s new proposal is based on artificial intelligence, estimating a value in the fashion market of 40 million dollars by 2022. Red Wood Ventures started investments in the technology industry since 2018.

• Nexus

It has also contributed to the human capital industry in Mexico since 1995. A couple of months ago it completed its investment in Grupo Turistore, a company focused on international tourism with more than 30 years of experience and 56 locations on the main beaches of Mexico.

Currently the retail industry has a value of 46 million pesos and shows an annual growth rate of 14% from 2013 to date.

Mexico has an association that disseminates information of value in private capital, also collaborates with firms and industry leaders and develops studies so that they can make the best decision when investing.

SRS Mexico has a team of consultants specialized in offering support to companies that collaborate with foreign personnel in order to provide a pleasant, warm and fast integration in the country.

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If you are one of those who like to look at the horizon of a mountain, spend hours in a hammock listening to the sound of the sea, walk through the cobbled streets or lose yourself in the traditional markets, the following magical towns will surprise you.

Tulum, Quintana Roo.

Located in front of the Caribbean Sea, Tulum the archaeological zone unique in the world due to its dream architecture. Along the route you will find several recreational parks to be in contact with nature, in addition to 50 km approx. from Tulum you will find the Sian Ka’an Biosphere, where you have the opportunity to navigate between mangroves, swim in cenotes and know the archaeological zone of the place. If you still have energy, at night you can enjoy the nightlife in bars and clubs that this town has for you.

Real de Catorce, San Luis Potosí

The state of San Luis Potosí is famous for its traditional and ancient buildings, and Real de Catorce is a mystical town that is worth noting, since it goes hand in hand with the culture of the Huichol.

The magic in Real de Catorce begins when entering through the only access that corresponds to the Ogarrio tunnel, which was inaugurated in 1900, before this date it was almost impossible to access.

Very close to the site is Wirikuta, a sacred site for the Huichol people with an area of 140,000 hectares, in this desert sprouts peyote in abundance.

Currently you can find shops, restaurants and public places to take a break as the Garden Hidalgo, heart of the town; where you will also find crafts full of striking colors, made by indigenous Huichol.

Tequila, Jalisco

Also known as the land of blue gold, Tequila is the ideal place to buy this drink in its various presentations: aged, rested, white among others. You will also find crafts such as barrels and wooden jars to talk about this drink.

In the land of the agave, you can also visit the Hacienda and distillery «José Cuervo La Rojeña», the first to obtain permission to manufacture the «mezcal wine» more than 200 years ago.

And since not everything in life is tequila, you can also practice extreme sports, visit the Blue Waterfalls or the archaeological site of Teuchitan

Tecate, Baja California

On the border of Mexico with the United States is Tecate, a place surrounded by mountains and stone cliffs, you can find handicrafts of all kinds and enjoy the Miguel Hidalgo Park in which we recommend you to enjoy its exquisite bakery.

But the biggest attraction without a doubt, is the Tecate Brewery, where you will enjoy the process of brewing and then enjoy one beer on the terrace. You will love the experience!

Chignahuapan, Puebla

The colorful Christmas decorations and religious architecture will make you fall in love with the place.

Located north of Puebla, Chignahuapan is one of the places on the planet where every day is Christmas, because each year there are about 70 million Christmas decorations that are distributed throughout the Mexican Republic.

The site has a lagoon where you can fish, swim and take a boat tour. In November the Festival of Light and Life is celebrated and at night it is illuminated with torches.

El Rosario, Sinaloa

Lola Beltrán has a museum where her remains are kept, but that’s not all. El Rosario, Sinaloa also has the Iguanero Lagoon, full of turtles and fish which is accessed through a suspension bridge that you will fall in love with once you cross it.

The monumental church of La Señora del Rosario, will be one of the most impressive things you will find in this tour, it is a unique experience.

In addition to the religious center, in the Rosario there is an old Spanish cemetery, which has become a tourist attraction for its ancient mausoleums of the eighteenth century.

SRS Mexico has a team specialized in providing support to companies that offer foreign personnel in Mexico, where there are more than one hundred symbolic attributes, histories and socio-cultural manifestations that you can enjoy in any corner of the country.

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Colprensa. (2018, September 9). Colombia exporta US$140.000 millones en esmeraldas a todo el mundo. Retrieved April 23, 2019, from https://www.larepublica.co/economia/colombia-exporta-us140000-millones-en-esmeraldas-a-todo-el-mundo-2768922

EFE. (2019, March 19). Las alianzas comerciales impulsan la exportación de esmeraldas. Retrieved April 23, 2019, from https://www.eje21.com.co/2019/03/las-alianzas-comerciales-impulsan-la-exportacion-de-esmeraldas-colombianas/

EFE. (2019, March 13). Esmeraldas colombianas son analizadas en Harvard. Retrieved April 23, 2019, from https://www.laopinion.com.co/economia/esmeraldas-colombianas-son-analizadas-en-harvard-175048#OP

Fedesmeraldas. (2018, October 5). ¿Prospera el negocio de las esmeraldas en Colombia? Retrieved April 23, 2019, from http://www.fedesmeraldas.org/prospera-el-negocio-de-las-esmeraldas-en-colombia-2/

Portafolio. (2018, September 12). Las esmeraldas mueven US$ 150 millones al año. Retrieved April 23, 2019, from https://www.portafolio.co/economia/las-esmeraldas-mueven-us-150-millones-al-ano-521100

Unidad de Planeación Minero-Energética. (2018, December 21). Esmeraldas Caracterización y análisis de mercado internacional de minerales en el corto, mediano, y largo plazo con vigencia al año 2035. Retrieved April 23, 2019, from http://www1.upme.gov.co/simco/Cifras-Sectoriales/Datos/mercado-inter/Producto4_Esmeraldas_final_v2.pdf

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The railway line known as «Maya Train», is the largest infrastructure project of the current government, which will travel 1525 kilometers. Its construction began on December 16, 2018 in Palenque, Chiapas.

The cost of the Maya Train will be 150 billion pesos, 10% will be public financing and 90% private. It will also benefit more than 3 million people a year, is the largest project in Latin America and pollutes 100 times less than traveling on the highway and already has 95% of the rights.

The Train will take advantage of the tourist potential to generate an economic flow in the states of Quintana Roo, Yucatán, Chiapas, Tabasco and Campeche. With this the intention is to extend the visit to the region. Which also implies considerable growth in the infrastructure of services for the habitants of the region.

Currently, Mexico occupies the sixth place in tourism in the world ranking, because the archaeological zones of the Maya region are some of the most important destinations, as they receive about 7 million tourists a year in places like Chichen Itzá and Tulum, the most visited in the country, after Teotihuacán.

The creation of the Maya Train also seeks to promote social inclusion to gender groups, promote economic growth through the promotion of productive projects, protect the ecosystems and environmental services that these regions provide, avoid overuse and create social mechanisms to encourage community conservation, but above all, promote respect for native people.

The speed of the Maya Train will be 160 km per hour. The trip is divided into three sections

• Jungle stretch that is equivalent to 426 km

• Caribbean section that is equivalent to 446 km

• Gulf section that is equivalent to 653 km

The function of this railway line will be for the use of local people, tourists and to transport cargo merchandise and the stations will be: Palenque, Tenosique, Escárcega, Campeche, Mérida, Izamal, Chichén Itzá, Valladolid, Cancún, Puerto Morelos , Playa del Carmen, Tulum, Felipe Carrillo Puerto, Bacalar and Calakmul.

Do not miss the opportunity to get to know the flora, fauna, cenotes, beaches and everything that the Mexican southeast has for you.

This is one of several projects that are being developed in Mexico to improve the quality of its inhabitants.

Remember in SRS Mexico we have a specialized team to provide you with personalized advice in order to make your integration as quick and pleasant as possible.

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Bearing in mind the leading role that these types of organizations can play in the growth of a country’s economy, the Colombian government has taken actions to take advantage of these opportunities as part of its policy to promote entrepreneurial culture and strengthen of information technologies. One of the most notable initiatives in this field, that has taken place in the country, is the creation and strengthening of Innpulsa, a state agency linked to the Ministry of Information and Communications Technologies, which since 2012 is dedicated to strengthening entrepreneurship in Colombia.

Innpulsa has received multiple international awards during his years of work. Among these, they have been selected by the Development Bank of Latin America as an outstanding case of flexibility in the development of their work in 2014 and the recognition given by the World Bank to highlight Innpulsa as a key institution and protagonist in the colombian productive development.

Precisely this institution, in coordination with other organs of the Colombian State and with the support of the French government, has initiated a project of large dimensions for the support of entrepreneurship in Colombia. It is about the creation of a new business incubator capable of significantly impacting the entrepreneurial ecosystem, which has an initial investment of $ 400,000 euros contributed by the French government.

The project is inspired and will base its practices on the model of Station F, the largest business incubator in the world that houses more than 1000 start-ups in creation and that has its main headquarters in Paris. The initiative in Colombia will be headquartered in the city of Bogotá, but will also be present in different regions of the country through multiple nodes that will be created in other areas.

Several leaders of Colombian government entities have already shown their optimism about the project and have emphasized that it is State policy to continue supporting this type of initiative. One of the comments worth highlighting is the Minister of Trade, Industry and Tourism, José Manuel Restrepo, who said that «The government has a strong commitment to entrepreneurship, the orange economy and innovation as sources of growth for our economy. Thus, with the help of the French government, we will bet on replicating the successful Station F model in a nation with enormous entrepreneurial potential «.

It is another important aspect that should be emphasized of the business incubators as the one that is proposed to be established in Colombia, is its work with other actors in the economy. Although these institutions are famous for their work with start-ups and new entrepreneurs, their task also links established companies and investors, facilitating the achievement of business agreements that would have been impossible without a site of convergence for those interested. An example of how this operates is the case of the mentioned Station F, which in addition to providing space for start-ups, has presence of large companies such as Facebook, Microsoft and L’Oreal, as well as large investment funds. The benefits for everyone involved in these scenarios are enormous. Entrepreneurs benefit from this ecosystem by finding resources more easily for their company, consolidated companies are able to link more quickly with innovative initiatives and investors find in a same place a wide variety of projects among which they can choose for their investments.

It is expected that the project in Colombia will have this dimension and link it to link the different segments of its markets. News like this show once again the intention of Colombia to become a focus of investment in the region and generate an environment conducive to a dynamic economy.

SRS Colombia, with an important national coverage, offers destination and immigration services with high standards of quality and warmth, to expatriates and their families, from different countries of the world.

References:

Dinero. (2019, February 26). Construirán en Colombia replica de la incubadora empresarial más grande del mundo. Retrieved March 19, 2019, from https://www.dinero.com/emprendimiento/articulo/station-f-construira-campus-en-colombia/267625 Innpulsa. (n.d.). Quiénes Somos? Retrieved March 19, 2019, from https://www.innpulsacolombia.com/es/nuestra-organizacion

Khalil, M. A., & Olafsen, E. (2009, October 16). Https://www.innpulsacolombia.com/es/nuestra-organizacion. Retrieved March 19, 2019, from https://siteresources.worldbank.org/INFORMATIONANDCOMMUNICATIONANDTECHNOLOGIES/Resources/ChapterKhalil_Olafsen.pdf

Portafolio. (2019, February 26). Colombia tendrá una incubadora empresarial para emprendedores. Retrieved March 19, 2019, from https://www.portafolio.co/negocios/emprendimiento/colombia-tendra-una-incubadora-empresarial-para-emprendedores-526809

Saiidi, U. (2019, January 10). We went inside the world’s largest start-up campus, located in Paris. Retrieved March 19, 2019, from https://www.cnbc.com/2019/01/10/station-f-in-paris-inside-the-worlds-largest-start-up-campus.html Station F. (n.d.). Station F. Retrieved March 19, 2019, from https://stationf.co

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As it is well known, Holy Week commemorates the Passion, Death and Resurrection of Jesus Christ. Since the eighteenth century the Catholic religion carries out this tradition, considered the most important. Among the activities to be performed during the holy day are Ash Wednesday, Palm Sunday, the betrayal of Jesus, the washing of feet, the Last Supper, the crucifixion and the resurrection of Christ, among others.

Jerusalem and Rome are some of the places on the world where this tradition is deeply rooted, but Mexico is not far behind, as data from the Instituto Nacional de Estadística y Geografía (INEGI) estimate that 82% of the population is a believer of the catholic religion.

This year the commemoration falls from April 14th to 21st and all the states of the Mexican Republic participate in the celebration, however, some places have rituals that you cannot miss. We will talk to you about some.

From March 6 the activities began with the well-known Ash Wednesday. This day represents the first day of Lent and the beginning of 40 days of penance for believers of Catholicism. Throughout the day, people who are believers go to their church to take ash, which is taken from the bouquets that people donate the previous year to their religious center. According to the beliefs, people who are between 18 and 60 years old should be fasting and abstinence, others if they prefer to eat, but they cook foods that do not have red meat, such as cod, shrimp broth, tuna or chicken in all their presentations, others do not cook and prefer to buy food, this action applies for all Fridays during Lent.

San Luis Potosí, San Luis Potosí.

On Good Friday, after the crucifixion of Jesus (to be precise at 8:00 pm) a monumental procession crosses the main streets of the capital of Potosí. Hooded with candles, the people walk for more than two hours to express their grief for the death of Jesus Christ.

It is estimated that about 200 thousand people participate in this event and all in complete silence. The Procession of Silence of San Luis Potosí is the second most important in the world after the pilgrimage that takes place the same day, but in Seville Spain.

Taxco, Guerrero.

If we talk about Easter, Taxco is a place you have to go. Since the beginning of the week the people in Taxco begin to arrange their streets with fruits, candles and papers of white, black and purple color. Something that is characterized in Taxco is that from the first day of the commemoration there are processions everywhere.

If you visit this magical town we invite you to check these processions: Holy Monday is the Procession of Virgins with the images of the Nativity San Miguel Arcángel,

Tuesday is the Procession of Souls and only women participate and they are tied arms and legs to really heavy chains as a symbol of penance, Friday is the Procession of Silence, in it the “Encruzados deTaxco” that are characterized to go barefoot, hooded and with the torso discovered, along the route, they stick in the back with a cord that is formed by rods of bramble, with a weight of approximately 50 kilos. These are some of the Holy Week activities in Taxco.

Iztapalapa, Mexico City.

Iztapalapa also has its scenery of Holy Week, this year marks the 176th anniversary of the Catholics in the CDMX commemorating the death and resurrection of Jesus Christ. On Thursday afternoon you can appreciate the Last Supper, the Washing of the Feet and the Imprisonment of Jesus. On Friday afternoon, the traditional Via Crucis takes place with the picture of Holy Week Iztapalapa, that has for destination the three falls and crucifixion of Christ in the well-known Cerro de la Estrella. Between ice cream, “romeritos” and more than 30 degrees centigrade you will also have to have near your family or friends because it is estimated that every year gather more than a million and a half people per day.

Mineral del Chico, Hidalgo.

Finish your Easter trip in the state of Hidalgo. Here the beautiful thing is Easter Sunday, because in the Church of “Purísima Concepción de Mineral del Chico”, at the end of half-day the people begins a «rain of petals» that lasts few emotive and valuable minutes that you can only live once a year. In this ritual people raise their hands because it is believed that the petals are healing, even people put them in water to bathe with them. A beautiful and emotional way to close the season.

If you want to enjoy it with your family we guarantee that these places will surprise you.

SRS Mexico has the trained team to help people from other countries to work in Mexico. We help them integrate and get acquainted quickly with the activities that Mexico has to offer.

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Historically, Colombia’s economy internationally is most recognized for its export of raw materials. Colombian coffee is so well known it has become almost a symbol for the country. In addition to coffee, Colombia’s economy has also grown due to the exports of oil and minerals. While these exports will continue to be of great, the Colombian government has begun to look also at other sectors for growth.

The Colombian government has begun to focus on enhancing in the area of science, technology and innovation. For example, last year Colombia was the 37th member admitted to the Organization for Economic Cooperation and Development. More recently, the government approved a bill creating the Ministry of Science, Technology and Innovation (“MSTI”) as well as creating a group dedicated to assist in developing public policy around science, technology and innovation called “Mision de Sabios” (“Mission of the Wise”).

The newly created MSTI will have a seat in the ministerial cabinet, access to greater resources and enhanced visibility. MSTI is designed to succeed Colciencias, an organization that since 1968 has been in charge of research and science in the country.

MSTI will be in charge with the task of supporting the different regions of the country in administering resources for science and technology and to promote a variety of research initiatives. The importance of MSTI has been praised by the current president and several legislators who believe Colombia must act to avoid falling behind.

The «Misión de Sabios» is an initiative consisting of a group of academics and experts appointed by the government who seek to create guidelines in the field of science, technology and innovation in order to advance public policy and create a road map for the country. The group will focus on a variety of areas ripe for development such as sustainable energy, creative and cultural industries, life and health sciences and hydrobiological oceans.

The “Misión de Sabios” is an interdisciplinary group made up from several countries. Among its members are figures such as Serge Haroche, a French physicist who won a Nobel Prize in 2012 and Rodolfo Llinás, a prominent Colombian researcher in the area of neurophysiology.

Colombia’s initiatives are part of a framework working towards Colombia’s expansion in science and innovation. The creation of these policies, will make Colombia an attractive destination for investment by nationals and foreigners seeking to build related industries with these areas.

SRS Colombia has a specialized team of destination and immigration consultants that provides support to companies bringing foreign personnel with a focus on a fast and pleasant integration into all that Colombia has to offer.

References:

Colciencias. (2019, February 8). Presidente Duque lanzó la Misión Internacional de Sabios, que aportará a la construcción de una sociedad con equidad. Retrieved February 18, 2019, from https://www.colciencias.gov.co/sala_de_prensa/presidente-duque-lanzo-la-mision-internacional-sabios-que-aportara-la-construccion

El Tiempo. (2018, December 17). Los alcances que tendría el nuevo Ministerio de Ciencia. Retrieved February 18, 2019, from https://www.eltiempo.com/vida/ciencia/que-funciones-tendra-el-nuevo-ministerio-de-ciencia-de-colombia-306440

El Tiempo. (2019, February 12). Estos son los miembros de la nueva Misión de Sabios. Retrieved February 18, 2019, from https://www.eltiempo.com/vida/ciencia/miembros-de-la-mision-de-sabios-de-colombia-en-el-2019-324468

RCN Radio. (2018, December 16). Colombia tendrá un nuevo Ministerio de Ciencia y Tecnología. Retrieved February 18, 2019, from https://www.rcnradio.com/politica/colombia-tendra-un-nuevo-ministerio-de-ciencia-y-tecnologia

RCN Radio. (2019, January 24). Duque sanciona ley que crea el Ministerio de Ciencia y Tecnología. Retrieved February 18, 2019, from https://www.rcnradio.com/colombia/duque-sanciona-ley-que-crea-el-ministerio-de-ciencia-y-tecnologia

The Nobel Prize. (2012). Serge Haroche. Retrieved February 18, 2019, from https://www.nobelprize.org/prizes/physics/2012/haroche/facts/

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The Mexican flag dates from 1821, when the military Agustin de Iturbide promulgated the «Plan of Iguala», in its most important points it declared Mexico as a sovereign and independent country and established three fundamental points: it declared the independence of Mexico from Spain, established the Catholic religion as an official and unique religion of the nation and was betting for the union of all, whether Spanish, Americans, Africans or Asians.

This would give shape and color to the first Mexican flag, the white color representing the purity of the Catholic religion, the green the independence and the red the Union of the Europeans and the Americans.

José Magdaleno Ocampo was the tailor to whom Agustín de Iturbide commissioned to put together the first Tricolor National flag, with diagonal fringes of red, green and white; with a star in each strip and in the center a decorated imperial Crown; with an incarnate bottom and was adorned with the words religion, independence, union, so it was called the Three Guarantees.

However, the meaning of the colors changed after the 3 Years’ War (1857-1861), between conservatives and liberals, which ended with the Liberals victory and the proclamation of Benito Juárez as President; Since then the green symbolizes hope, the white unity and the red the blood shed by the national heroes. The national shield is an eagle on a nopal, the history of the national shield is that it is inspired by the legend of the foundation of Tenochtitlan, which narrates that the God Huitzilopoztli indicated the Aztecs to establish their city where they found an eagle Perched on a cactus, devouring a serpent. After 200 years of searching for this place, the Mexicas found the signal on the islet of Tlacocomolco in the lake of Texcoco.

The current design of the National Emblem is the work of the architects Pedro Moctezuma Díaz Infante and Francisco Eppes Helguera, and consists of a profile eagle on the left side, displaying the upper wings in combat attitude; With fallen plumage touching the tail and feathers in a natural fan-shaped. Resting its left claw on a flowered nopal that is born in a rock that emerges from a lake, grasp with the right and the beak, in an attitude to devour a curved serpent, so that it harmonizes with the whole. Several cladodes of the Nopal branch to the sides. Two branches, one of encino in front of the eagle and another of laurel to the opposite side, shaping between both a lower semicircle united by a ribbon and divided into three strips that, when the national coat is represented, match those of the National Flag.

Today the eagle represents the Mexican people, in their combative posture; The serpent symbolizes the enemies of Mexico; The serpent being devoured by the eagle, testifies that the Mexican people will prevail over their enemies. The nopal with its thorns is a symbol of the struggles and challenges to face. The Eagle resting on the nopal represents the capacity of the Mexican people to overcome adversity.

The Constitution establish that when the flag parades in front of a group of people, the ones in military uniforms must present a greeting according to their regulations and the civilians must make the following greeting to the national flag: Standing firm, the civilian raises his right arm and places his right hand on the chest, in front of the heart. The hand should be open and the palm of it towards the floor.

When the President of the Mexican Republic is in the capacity of Supreme commander of the armed forces, he salutes the national flag with military greeting. When the national anthem is played on television at the opening or closing of the daily programming, the flag must be displayed at the same time.

Article 15 of the Law on the Coat of Arms, National Flag and the Anthem indicates that in the schools of Mexico the flag will be honored every Monday, ceremony that consists in reciting an official oath to the flag, the parade of the flag and the interpretation of the National Hymn.

The same law stipulates that the Secretariat of the Interior shall be in charge of supervising that the patriotic symbols are not disregarded and/or that colours or shields are modified, and if so, it will be punishable with a fine.

February 24th in Mexico is solemnly established as Flag day. Special radio and television programmes to disseminate the history and significance of the national flag must be broadcast on this day. On this date, the three powers of government will carry out civic ceremonies in commemoration, veneration and exaltation of the national flag.

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