Shannon K. O'Neil

Latin America's Moment

O'Neil analyzes developments in Latin America and U.S. relations in the region.

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Showing posts for "Mexico"

Guest Post: Sustaining Mexico’s Energy Reform

by Guest Blogger for Shannon K. O'Neil
Mexican Fund for Stabilization and Development Mexico's President Enrique Pena Nieto (C), President of Mexico's Senate Raul Cervantes (L) and President of the Chamber of Deputies Jose Gonzalez hold up a written version of an energy reform at the National Palace in Mexico City August 11, 2014 (Edgar Garrido/Reuters).

This is a guest post by Greg Mendoza, an MA student at The Fletcher School, Tufts University. He previously was an intern in the Latin America Studies program at the Council on Foreign Relations.

Last year, Mexico passed a historic energy reform to end over seventy years of exclusive state control of the energy sector. Some analysts estimate drastic changes in the sector—with upwards of twenty billion dollars in foreign direct investment a year that could boost GDP 2 percent annually by 2025. Read more »

Guest Post: Mexico’s Aerospace Sector Takes Flight

by Guest Blogger for Shannon K. O'Neil
An Aeromexico Boeing 777 taxis after completing the first ever commercial transatlantic flight using biofuel between Mexico City and Madrid at Madrid's Barajas airport August 2, 2011 (Paul Hanna/Courtesy Reuters). An Aeromexico Boeing 777 taxis after completing the first ever commercial transatlantic flight using biofuel between Mexico City and Madrid at Madrid's Barajas airport August 2, 2011 (Paul Hanna/Courtesy Reuters).

This is a guest post by Stephanie Leutert, who is beginning an MA in Global Affairs at Yale University in the fall. She previously was my research associate in the Latin America Studies program at the Council on Foreign Relations. Read more »

Dos Naciones Indivisibles on Es la Hora de Opinar

by Shannon K. O'Neil
Es la Hora de Opinar. Es la Hora de Opinar.

Two weeks ago, I was down in Mexico for the launch of the Spanish-language version of my book, Dos Naciones Indivisibles: México, Estados Unidos, y el Camino por Venir. During my time there, I had the pleasure of talking with Leo Zuckermann and Javier Tello on FOROtv’s Es la Hora de Opinar. We had a lively conversation on Mexico and US-Mexico relations. You can watch it here. Read more »

Immigration Reform Is Happening

by Shannon K. O'Neil
Honduran national Maria (no last name given) kisses Daniel, 4, with Alejandra, 7, and Marvin, 5, (R-L) as she waits in an isolation cell after she was caught attempting an undocumented entry into the U.S. from Mexico in Laredo, Texas, May 3, 2006 (Rick Wilking/Courtesy Reuters). Honduran national Maria (no last name given) kisses Daniel, 4, with Alejandra, 7, and Marvin, 5, (R-L) as she waits in an isolation cell after she was caught attempting an undocumented entry into the U.S. from Mexico in Laredo, Texas, May 3, 2006 (Rick Wilking/Courtesy Reuters).

Despite the standstill in Congress on immigration reform, state and local governments have been very active in passing their own immigration legislation. In this article for Foreign Policy, I look at what different states and cities are doing regarding immigration and the effects of their policies. You can read the beginning of the piece below:  Read more »

Foreign Direct Investment in Latin America Holds Steady in 2013

by Shannon K. O'Neil
Robots weld cars at the Ford Motor Company's Sao Bernardo do Campo facility in Sao Bernardo do Campo, June 14, 2012 (Paulo Whitaker/Courtesy Reuters). Robots weld cars at the Ford Motor Company's Sao Bernardo do Campo facility in Sao Bernardo do Campo, June 14, 2012 (Paulo Whitaker/Courtesy Reuters).

In 2013, foreign direct investment (FDI) in Latin America reached $185 billion according to the latest ECLAC report, continuing the slight upward trend of the last three years. Brazil maintained its number one position as the largest FDI destination, raking in $64 billion (over one third of all regional FDI). Mexico came in second, with some $38 billion (boosted by the $13 billion purchase of the rest of Modelo by Belgian based Anheuser-Busch InBev, a company run by Brazilians). Mexico’s Pacific Alliance partners—Chile, Colombia, Peru—also had a fruitful year, with a combined $47 billion in investment. And despite its economic woes, Argentina garnered $9 billion. Read more »

Immigration Reform Is Dead, Precisely When We Need It Most

by Shannon K. O'Neil
Migrants, consisting of mostly women and children, who just disembarked from a U.S. Immigration and Customs Enforcement (ICE) bus wait for a Greyhound official to process their tickets to their next destination at a Greyhound bus station in Phoenix, Arizona, May 29, 2014 (Samantha Sais/Courtesy Reuters). Migrants, consisting of mostly women and children, who just disembarked from a U.S. Immigration and Customs Enforcement (ICE) bus wait for a Greyhound official to process their tickets to their next destination at a Greyhound bus station in Phoenix, Arizona, May 29, 2014 (Samantha Sais/Courtesy Reuters).

With Eric Cantor’s loss earlier this week, most believe immigration reform is dead. Yet with tens of thousands of Mexican and Central American children flooding across the U.S. southern border, a legislative overhaul is even more important. In this piece for Foreign Policy, I look at why these kids are coming and what we need to do about it. You can read the beginning of the piece below: Read more »

Mexico Energy Talks

by Shannon K. O'Neil
Pemex Engineers Two engineers with Mexico's state owned oil company, PEMEX (Petroleos de Mexico), watch work on an oil platform in the Sen oil field, in the swampy south eastern state of Tabasco, September 20, 2000 (Andrew Winning/Courtesy Reuters).

I recently had the opportunity, along with Vianovo’s James Taylor,  to chat with Mexican Congressman Javier Treviño, one of the country’s energy reform leaders. We focused on what investors and analysts can expect from the secondary legislation currently being hammered out in Mexico’s Congress—touching on the development of Mexico’s new energy model, national content requirements, the role of state and local governments, and environmental and security considerations. Read more »

Mexico’s Oil and Taxes

by Shannon K. O'Neil
Pemex reform and Mexico's Taxes The logo of Mexican petroleum company Pemex is seen on a tank gas at gas station in Mexico City, November 23, 2012 (Edgard Garrido/Courtesy Reuters).

Over the last three decades, oil’s importance in the Mexican economy has diminished, with energy products shrinking from over three-quarters of all exports in 1982 to less than 15 percent in 2012. Still energy’s role in Mexico’s politics has not receded, in part due to the federal budget’s dependence on the sector—taxes and royalties comprise roughly a third of total inflows into government coffers. As the Congress negotiates the secondary legislation that will set the ground rules for opening up the energy sector in Mexico, the government will have to address this dependence as well, weaning itself from Pemex’s largesse. Read more »

Mexico as a Global Player

by Shannon K. O'Neil
Foreign Affairs Conference (Don Pollard). Foreign Affairs Conference (Don Pollard).

Last week, Foreign Affairs hosted a full day conference on Mexico, to talk about the country as a regional and global player. Panel topics included U.S.-Mexico cooperation, bilateral trade, regional immigration, and Mexico’s social inclusion and education system. You can find the full agenda here. Read more »

A Primer: Mexico’s Energy Reform

by Shannon K. O'Neil
Employees walk on a bridge at the Mexico’s state-run oil monopoly Pemex platform “Ku Maloob Zaap” in the Northeast Marine Region of Pemex Exploration and Production in the Bay of Campeche April 19, 2013 (Victor Ruiz/Courtesy Reuters). Employees walk on a bridge at the Mexico’s state-run oil monopoly Pemex platform “Ku Maloob Zaap” in the Northeast Marine Region of Pemex Exploration and Production in the Bay of Campeche April 19, 2013 (Victor Ruiz/Courtesy Reuters).

This past December, Mexico passed a historic energy reform that has the potential to fundamentally transform the country’s oil, gas, and electricity sectors. In this brief that I co-authored with James Taylor, founding partner at Vianovo, we lay out the importance of the soon-to-be-announced secondary legislation, provide an outline of the newly formed regulatory regime, and explore the types of opportunities that the reform will create. Read more »