Home Business-newBusiness Yucatán, eighth national place in the competitiveness report

Yucatán, eighth national place in the competitiveness report

by Yucatan Times
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Yucatán is the most competitive state in the southeast of the country and eighth nationally in the State Competitiveness Index (ICE) of the Mexican Institute for Competitiveness (IMCO), reports the state government.

In addition, it is the first place in the Political System and Government, a result of the work of the state government in issues such as regulatory improvement, the fight against corruption, transparency, and citizen participation.

With this medium-high competitiveness classification, the state advanced considerably compared to 2023, achieving first place in the Political System and Government indicator, a product of teamwork between society and the state government.

According to IMCO, in 2023 the entity was ranked 15th in the national ranking. In this new edition, it occupied the eighth position; that is, an advance of seven positions in this period.

The ICE indicators in the Political System and Government subindex indicate that the state was placed in the first national position, with very high competitiveness.

In terms of Law, it was placed in sixth national position, with a medium-high competitiveness.

In terms of Infrastructure, the state was ranked eighth nationally, with a medium-high competitiveness.

In Society and Environment, it is in position 11 nationally, with a medium-high competitiveness.

Yucatán occupies third place in entities in Mexico that have best taken advantage of nearshoring, with the improvement of its logistics.

Therefore, the entity has the opportunity to become a new border with the United States to export products to the East Coast, which makes Yucatán more competitive in logistics.

Furthermore, with the improvement of its air, logistics, and port infrastructure, and the strengthening and training of its human capital, Yucatán lays the foundations to be a more competitive place that allows the attraction of companies and investments that result in the jobs that Yucatecans need.

According to the Business Environment Indicator (ADN) in 2020, the British firm Deloitte recognized Yucatán as the state that has the best conditions for doing business.

At the same time, ADN points out that Yucatán maintains a high availability of technology to carry out transactions and to provide information about the services offered by the state government (tax payment, business opening, construction permits, among others).

In that sense, Yucatán presented the Digital Investment Window, the first platform of its kind in the country and throughout Latin America.

From there you can carry out all the procedures related to the opening of companies and construction permits online, which was recognized by the Organization for Economic Cooperation and Development (OECD).

In 2022, historical highs were reached with the arrival of foreign direct investment and tourists and it was established as the safest year with the lowest crime incidence rate and the greatest crime reduction in its entire history.

TYT Newsroom

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