Mexico Moves Toward Political and Energy Reforms

Mexico's legislature has approved a landmark political reform that will serve as a stepping-stone to Mexican energy reform that is all but certain to pass in some form or another in the coming months, possibly before the end of the year. Though the political reform has only been passed by the Senate and must still receive approval from the Chamber of Deputies, it is clear that the stage has been set for the energy bill to be debated in the Senate. According to multiple reports, the energy bill will be presented this week to the Senate committees for energy, constitutional questions and legislative analysis.

The energy bill alone represents a landmark piece of legislation for Mexico. That it was coupled with a major overhaul of political rules should not be overlooked, however, since those political changes will have a major impact on Mexico's future.