Mexico has published the Decree promoting investment in industrial welfare zones in the state of Yucatán, which entered into force on 29 June 2024. The Decree introduces new tax incentives for qualifying taxpayers carrying out productive economic activities in the Progreso I and Mérida I industrial welfare zones (industrial parks). Qualifying productive economic activities include activities in the following sectors: Electrical and electronics; Semiconductors; Automotive (electromobility); Auto parts and transportation equipment; Medical devices; Pharmaceutical; Agroindustry; Electric power generation and distribution equipment (clean energy); Machinery and equipment; Information and communication technologies, and Metals and petrochemicals. The tax incentives are available for...