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.
What a Korean company can do now
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
🔒 Why-now and buyers — analysis member ₩19,800/mo
Smart factory and MES deployment, plus supply-chain consulting, for industrial-park tenants
🔒 Why-now and buyers — analysis member ₩19,800/mo
Open this week
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
🔒 Why-now and buyers — analysis member ₩19,800/mo
Free members get a human-reviewed summary by email for up to 3 countries a month (sent within 24h). BUILD members get them all.
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 2026-11-07
Hurricane Vance offshore along the Pacific coast; heavy rain and landslide risk (10/28)
Cartel-related violence continues
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