EFE | Mexico City

The assembly of the governing Institutional Revolutionary Party, or PRI, is making progress in opening the way for energy and tax reforms, eliminating restrictions on imposing the value-added tax (VAT) on foods and medicines, and clearing the way for more private investment in state-owned oil giant Petroleos Mexicanos, or Pemex, party officials said.

The so-called "padlocks" in the party's basic documents, which required legislators to reject the opening of Pemex to private investment and prevented them from allowing the VAT to be imposed on food products and medicines, have been removed.

The assembly of the governing Institutional Revolutionary Party, or PRI, is making progress in opening the way for energy and tax reforms, eliminating
The assembly of the governing Institutional Revolutionary Party, or PRI, is making progress in opening the way for energy and tax reforms, eliminating restrictions on imposing the value-added tax (VAT) on foods and medicines, and clearing the way for more private investment in state-owned oil giant Petroleos Mexicanos, or Pemex. EFE/File
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