Legal Reform To Help Mexican Postal Service Would Hurt Small Businesses

Proposals to reform the law governing the Mexican Postal Service (Sepomex) would not only harm large courier companies, but would put some 5 thousand small companies with local and regional coverage at risk of bankruptcy, reported Mexico City daily Reforma business columnist Dario Celis Estrada. In response to the Communication and Transport ministry’s announcement that Sepomex is as good as bankrupt, legislators have suggested that the service be protected with a law to reserve it the market for the delivery of packages weighing less than 350 grams. The industry organization representing Estafeta, UPS, Federal Express (NYSE:FDX) and other courier companies demanded that competition be based on price rather than a legal monopoly.
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