“I’m bullish on Mexico becoming a world power,” says Juan Francisco Torres Landa, a Managing Partner with international law firm Hogan Lovells. Yet he recognizes the long road ahead. “We need to narrow the gap with poverty, assert the rule of law, and create transparency on criminal prosecution. We need a complete change of mentality.”
Torres Landa believes that “the single most important event in current Mexican political and economic history is NAFTA.” He sees the treaty’s clear guidelines as a real boon, enabling Mexico to play a meaningful role in North American commerce. The attorney also credits the main political parties for generating the required consensus to pass comprehensive legal changes that resulted in critical structural reforms in energy, telecom, education, and other areas.
“The less-developed parts of Mexico prevent the other parts from making more progress. We need to push the two closer together, not further apart.”