United Mexican States Political Constitution

(Constitución Política de los Estados UnidosMexicanos), Articles 25, 27 and 28

Regulatory Law of the Constitutional Article 27on Nuclear Matters (Ley Reglamentaria delArtículo 27 Constitucional en Materia Nuclear)

Foreign Investment Law (Ley de InversiónExtranjera)

4. Telegraph Services

Measures:

United Mexican States Political Constitution

(Constitución Política de los Estados UnidosMexicanos), Articles 25 and 28

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General Means of Communication Law (Ley de VíasGenerales de Comunicación)

Foreign Investment Law (Ley de InversiónExtranjera)

5. Radiotelegraph Services

Measures:

United Mexican States Political Constitution

(Constitución Política de los Estados UnidosMexicanos), Articles 25 and 28

General Means of Communication Law (Ley de VíasGenerales de Comunicación)

Foreign Investment Law (Ley de InversiónExtranjera)

6. Postal Services

(a) Description of activities: operation,

administration and organization of first classmail.

(b) Measures:

United Mexican States Political Constitution

(Constitución Política de los Estados UnidosMexicanos), Articles 25 and 28

Postal Service Law (Ley del Servicio PostalMexicano)

Foreign Investment Law (Ley de InversiónExtranjera)

7. Issuance of Bills (currency) and Minting of Coinage

Measures:

United Mexican States Political Constitution

(Constitución Política de los Estados UnidosMexicanos), Articles 25 and 28

Bank of Mexico Law (Ley del Banco de México)

Mexico Mint Law (Ley de la Casa de Moneda de

México)

United Mexican States Monetary Law (Ley Monetariade los Estados Unidos Mexicanos)

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Foreign Investment Law (Ley de InversiónExtranjera)

8. Control, Inspection and Surveillance of Maritime andInland Ports

Measures:

Navigation Law (Ley de Navegación)

Ports Law (Ley de Puertos)

General Means of Communication Law (Ley de VíasGenerales de Comunicación)

Foreign Investment Law (Ley de InversiónExtranjera)

9. Control, Inspection and Surveillance of Airports andHeliports

Measures:

General Means of Communication Law (Ley de VíasGenerales de Comunicación)

Airports Law (Ley de Aeropuertos)

Foreign Investment Law (Ley de InversiónExtranjera)

The measures referred to are provided for transparencypurposes and include any subordinate measure adopted ormaintained under the authority of and consistent with suchmeasures.

Section 2

Deregulation of Activities Reserved to the State

1. The activities set out in Section 1 are reserved to

the Mexican State, and private equity investment isprohibited under Mexican Law. Where Mexico allows privateinvestment to participate in such activities throughservice contracts, concessions, lending arrangements or anyother type of contractual arrangement, such participationshall not be construed to affect the State's reservation of

those activities.

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2. If Mexican law is amended to allow private equityinvestment in an activity set out in Section 1, Mexico mayimpose restrictions on foreign investment participationnotwithstanding Article 58, and describe them in Annex 6.

Mexico may also impose derogations from Article 58 onforeign equity investment participation when selling anasset or ownership interest in an enterprise engaged inactivities set out in Section 1, and describe them inAnnex 6.

Section 3

Activities Formerly Reserved to the Mexican State

Where an activity was reserved to the Mexican State onJanuary 1, 1992 and was no longer reserved to the MexicanState on January 1, 1994, Mexico may restrict the initialsale of a state-owned asset or an ownership interest in astate enterprise that performs that activity to enterpriseswith majority ownership by Mexican nationals, as defined bythe Mexican Constitution. For a period not to exceed threeyears from the initial sale, Mexico may restrict thetransfer of such asset or ownership interest to otherenterprises with majority ownership by Mexican nationals,

as defined by the Mexican Constitution. On expiration ofthe three-year period, the obligations of nationaltreatment set out in Article 58 apply. This provision issubject to Article 66.

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Annex 9 referred to in Chapter 7. Exceptions from Most-Favored-Nation Treatment

Schedule of Japan

Japan takes an exception to Article 59 for treatmentaccorded under all international agreements in force priorto January 1, 1994.

For international agreements in force or signed afterJanuary 1, 1994, Japan takes an exception to Article 59 fortreatment accorded under those agreements involving:

(a) aviation;

(b) fisheries; or

(c) maritime matters, including salvage.

Schedule of Mexico

Mexico takes an exception to Article 59 for treatmentaccorded under all international agreements in force priorto January 1, 1994.

For international agreements in force or signed afterJanuary 1, 1994, Mexico takes an exception to Article 59for treatment accorded under those agreements involving:

(a) aviation;

(b) fisheries; or

(c) maritime matters, including salvage.

For greater certainty, Article 59 does not apply toany current or future foreign aid programs to promoteeconomic development, such as those governed by the EnergyEconomic Cooperation Program with Central America and theCaribbean (Acuerdo de San José) and the different OECDinstruments on Export Credits.

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