On 15 October the Chamber of Deputies passed the 2027 Revenue Law, with MXN 10.6 trillion in revenue and MXN 1.7 trillion in new borrowing; the spending budget (PEF) is due to be finalised in November. With growth forecasts cut, the government is raising collection without new taxes and using Plan México to attract industrial-park and nearshoring investment.
Government · leader
President Claudia Sheinbaum Pardo (Head of State and Government)
Key national agenda
- Plan México: manufacturing growth and nearshoring investment (target of 100 industrial parks)
- Raising revenue without new taxes (anti-evasion, 2027 tax regularisation program)
- Maintaining Bienestar welfare programs and an emergency plan to improve IMSS
- Infrastructure investment led by rail, Pemex and CFE
- Managing the annual USMCA review and diversifying trade (joint study with Korea on a trade agreement)
Government programmes
2027 Revenue Law (LIF)Revenue MXN 10.6 trillion
Tax revenue MXN 6.2tn and borrowing MXN 1.7tn; public-sector borrowing requirement (RFSP) 3.9% of GDP; now before the Senate
2027 federal expenditure budget (PEF)Total spending about MXN 10.515 trillion
Welfare programs about MXN 1.03tn; priority infrastructure about MXN 560bn (rail, Pemex, CFE, water, roads)
Plan México industrial parks
40 parks are operating (target 100); 20 more were announced on 22 Oct 2026
IMSS emergency improvement plan (12 actions)
Announced by the President on 27 Oct 2026; progress will be reported over the next four months
Korea-Mexico economic, industrial and resources cooperation initiative
Signed around the 24 Sep 2026 summit; sets up a joint minerals and resources committee and launches a joint pre-study for a trade agreement
Business opportunities
Tax and e-invoicing (CFDI) automation for Korean manufacturers in Mexico
The 2027 Revenue Law relies on tighter collection and tax regularisation rather than new taxes.
Korean manufacturing and distribution subsidiaries in Mexico, local SMEs
Smart factory and MES deployment, plus supply-chain consulting, for industrial-park tenants
Plan México industrial parks are multiplying quickly.
Manufacturers in Plan México parks, state economic development agencies
Rules-of-origin and customs optimisation consulting for non-FTA tariffs
Mexico has raised tariffs on non-FTA countries, and Korean firms have raised customs issues.
Korean SMEs and mid-sized firms exporting to Mexico
Retail and e-commerce listing support for Korean consumer goods
KOTRA wants to broaden exports to Mexico into consumer goods, and major local retailers and platforms have shown interest in Korean products.
Korean cosmetics, food and household-goods SMEs
Korean support schemes
- KOTRA Mexico City and Monterrey offices · KOTRA — Ran a Korea products fair in Mexico City in Sep 2026 (123 buyers, 730 meetings) and opened the Monterrey office in Feb 2026.
- Korea-Mexico economic, industrial and resources cooperation initiative · MOTIE — Sets up a joint minerals and resources committee, works to improve the business environment for Korean firms, and launches a joint trade-agreement study.
- Export Voucher program · MSS / MOTIE — Covers costs for Mexican certification (NOM), market research and localisation consulting.
Official notices
Presidencia de la República (gob.mx/presidencia)
- 2026-10-27 Presidential press conference: emergency 12-action plan to improve IMSS
- 2026-10-22 20 more Plan México industrial parks announced
- 2026-10-15 Chamber of Deputies passed the 2027 Revenue Law, widening the tax regularisation program
- 2026-09-24 Korea-Mexico cooperation initiative signed after the bilateral summit
Disaster · conflict · epidemic
Watch 2026-10-30
Hurricane Vance offshore along the Pacific coast; heavy rain and landslide risk (10/28)
Cartel-related violence continues
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