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Jun 29, 2000

Mexican elections could mean bad business for CFZ

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On Sunday, thousands of Mexicans will head to the polls to participate in their national elections. While the outcome of the elections will have some effect on Belize, it seems those involved in the Commercial Free Zone should be even more than interested in who becomes Mexico’s next president. Apparently, presidential candidates have promised to reduce fuel prices. If this happens, it would bear serious ramifications to the CFZ, whose big business right now are the hundreds of Mexicans who flock to the zone everyday to buy cheap fuel. Chief Executive Officer for the CFZ, Rodney Neal told News Five this afternoon that fuel does represent a large percentage of sales and brings in a lot of business into the zone. He says should the prices in Mexico drop, the CFZ would need to address that issue immediately. News Five understands that if one of the candidates who have promised the decrease wins the election, we would not see the change until perhaps January. Meanwhile officials in the United States say they will be monitoring the Mexican elections closely since they fear the elections might be tainted. Already reports from several Mexican states are that political figures are handing out washing machines and building roads up until a certain point and then telling the people that the roads won’t be completed if they aren’t reelected. There are six candidates vying for the Mexican presidency.

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