On August 12, 2014, Mexico's President, Mr. Enrique Peña Nieto enacted several secondary or implementing legislations governing the energy constitutional reform, which will allow the opening of the oil, gas and power sector's industries to foreign and private investment, leaving behind 76 years of state monopoly (PEMEX & CFE).
This new regulatory structure, which along with the energy reform is the most significant economic development since the NAFTA's adoption, will certainly have a positive influence on Mexico's economic growth by allowing competition in the country's largest sectors, which implies the development, implementation and transfer of new technologies.
These new technologies will definitively have an impact on the amount of patents and related intellectual property rights filed in our country. Currently, the approximate number of patent applications filed in Mexico oscillates between 13,000 and 15,000 per year, most of them filed by foreign companies and one of the largest amount of patents filed by nationals belong to the Mexican Petroleum Institute (PEMEX's R&D arm). The reform along with its regulatory structure will positively increase patent filing in Mexico considerably, not only for foreigners.
Also, it is important to highlight that...