Mexico is no longer the best country to do business in Latin America

Mexico was surpassed in the report of the Doing Business region by Chile; and they follow him in the classification Puerto Rico, Colombia, Jamaica, Costa Rica, Peru, and Panama.

Mexico obtained a rating on ease of doing business of 72.4, making it the second best-rated country in Latin America, according to the Doing Business report, 2020 edition.

The Ministry of Economy (SE) explained that Mexico was surpassed only by Chile with 59. They are followed in the classification Puerto Rico (place 65), Colombia (67), Jamaica (71), Costa Rica (74), Peru (76) , Panama (86), to name a few. For its part, Brazil was located at site 124 and Argentina at 126.

This report, published annually by the World Bank, measures the ease of doing business in 190 countries and analyzes 10 indicators that measure the number of procedures, times, costs and quality of federal and local regulations that impact the business environment, said the agency it’s a statement.

New Zealand scored 86.8 points, followed by Singapore, Hong Kong, Denmark, and South Korea, and placed first in the report. The difference between the rating of Mexico and the best-rated country is 14.4 points.

The country was ranked 60th out of 190 countries evaluated, in the previous edition of the report, Mexico had placed 54th.

Mexico also surpassed economies of large emerging markets: India (63), Vietnam (70) and South Africa (84) and European Union countries, such as Luxembourg (72) and Greece (79).

Source: expansion, forbes mx