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Mexico - No to privatisation


The people of Mexico have voted decisively against the proposal to hand over the national oil company PEMEX to private companies.

On 17 August, 400,000 Mexicans in seven states of the country voted on the proposal: 91 per cent voted 'No'. This was the second stage of the national referendum on the proposal to hand over the national industry to private companies.

In the first stage of the referendum, held on 27 July in ten states and in Mexico City, more than 80 per cent of the 2.5 million Mexicans who went to the polls opposed privatising the oil industry.