August 30th, 2012 is a day that will define the future of Mexico for the decades to come. If the electoral tribunal, as expected, ratifies the Election of Enrique Peña Nieto as President, the return of the so called “new PRI” is imminent. This new wave of the old party promises a plethora of changes that could allow Mexico to finally take full advantage of its potential. Particular attention should be placed on the potential opening of the Energy Sector to foreign investment and the liberalization of obsolete labor laws.
Promises are, however, only that, it would be now up to the alleged president elect and his party to carry them through. If not, this return of the PRI could be short lived since they have all the tools to make it happen. For the good of Mexico, and its largest trading partner, the United States, let’s hope that is the case.