Regulatory Policy in Mexico

Mexico has made several efforts to design and implement a regulatory
improvement policy over the past several years. The institutions involved in
the better regulation policy have played a key role in enhancing regulatory
quality. This includes the Federal Regulatory Improvement Commission
(COFEMER), the Ministry of Economy, and the Ministry of Public Administration.
Mexico now has two decades of experience in the application of Regulatory
Impact Analysis (RIA). Over this period, it has continued to expand the scope
of RIA, to refine and improve the specific requirements and to invest
substantial resources in implementation. Recently, Mexico has adopted the
internationally recognised Standard Cost Model, which has brought a renewed
impetus across the federal government to reduce administrative burdens
generated by formalities. There is also a thriving multi-level regulatory
governance programme. As a result, Mexico is currently at a stage where
positive results are being obtained. However, this is not the time to slow
down; instead, further work should be fostered to step up to a new phase of
regulatory quality which embeds an effective and profound regulatory
improvement culture across the federal government.