Title:Annex III - Schedule of Mexico
Author: White House
Document-Date: 29 Sept 1993
Content-Type: text/plain; CHARSET=US-ASCII
Content-Length: 8657








                                      Annex III
                                  Schedule of Mexico


          Section A.     Activities Reserved to the Mexican State

               Mexico reserves  the right  to perform  exclusively, and  to
          refuse  to  permit  the  establishment  of  investments  in,  the
          following activities: 

          1.   Petroleum, Other Hydrocarbons and Basic Petrochemicals

               (a)  Description of activities

                    (i)  exploration and  exploitation  of  crude  oil  and
                         natural  gas; refining or  processing of crude oil
                         and natural gas; and production of artificial gas,
                         basic  petrochemicals  and  their  feedstocks  and
                         pipelines; and

                    (ii) foreign   trade;   transportation,   storage   and
                         distribution up  to and including first hand sales
                         of the  following  goods: crude  oil; natural  and
                         artificial  gas;  goods  covered  by  Chapter  Six
                         (Energy  and Basic  Petrochemicals) obtained  from
                         the  refining    or processing  of  crude  oil and
                         natural gas; and basic petrochemicals.

               (b)  Measures:

                    Constituci n Pol tica de  los Estados Unidos Mexicanos,
                    Art culos 25, 27 y 28

                    Ley  Reglamentaria del Art culo 27 Constitucional en el
                    Ramo del Petr leo 

                    Ley  Org nica  de   Petr leos  Mexicanos  y  Organismos
                    Subsidiarios

          2.   Electricity

               (a)  Description of activities: the supply of electricity as
                    a public  service in Mexico, including, the generation,
                    transmission, transformation, distribution  and sale of
                    electricity.

               (b)  Measures:

                    Constituci n Pol tica de  los Estados Unidos Mexicanos,
                    Art culos 25, 27, 28

                    Ley del Servicio P blico de Energ a El ctrica

          3.   Nuclear Power and Treatment of Radioactive Minerals














               (a)  Description  of  activities:  exploration, exploitation
                    and  processing  of radioactive  minerals,  the nuclear
                    fuel  cycle,  the  generation of  nuclear  energy,  the
                    transportation and  storage of nuclear  waste, the  use
                    and  reprocessing of nuclear fuel and the regulation of
                    their   applications  for   other   purposes  and   the
                    production of heavy water.

               (b)  Measures:

                    Constituci n Pol tica de los  Estados Unidos Mexicanos,
                    Art culos 25, 27, 28

                    Ley  Reglamentaria  del Art culo  27  Constitucional en
                    Materia Nuclear

          4.   Satellite Communications

               (a)  Description of activities: the establishment, operation
                    and ownership of  satellite systems and  earth stations
                    with international links. 

               (b)  Measures:

                    Constituci n Pol tica de  los Estados Unidos Mexicanos,
                    Art culos 25, 28

                    Ley de V as Generales de Comunicaci n

          5.   Telegraph Services

               Measures:

               Constituci n  Pol tica  de  los  Estados  Unidos  Mexicanos,
               Art culos 25, 28 

               Ley de V as Generales de Comunicaci n

          6.   Radiotelegraph Services

               Measures:

               Constituci n  Pol tica  de  los  Estados  Unidos  Mexicanos,
               Art culos 25, 28

               Ley de V as Generales de Comunicaci n

          7.   Postal Services

               (a)  Description  of  activities:  operation, administration
                    and organization of first class mail.

               (b)  Measures:















                    Constituci n Pol tica de  los Estados Unidos Mexicanos,
                    Art culos 25, 28

                    Ley del Servicio Postal Mexicano

          8.   Railroads

               (a)  Description  of  activities:  operation, administration
                    and  control  of  traffic  within  the Mexican  railway
                    system;   supervision   and   management   of   railway
                    right-of-way; operation,  construction and  maintenance
                    of basic railway infrastructure.

               (b)  Measures:

                    Constituci n Pol tica de  los Estados Unidos Mexicanos,
                    Art culos 25, 28

                    Ley Org nica de Ferrocarriles Nacionales de M xico

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

               Measures:

               Constituci n  Pol tica  de  los  Estados  Unidos  Mexicanos,
               Art culos 25, 28

               Ley Org nica del Banco de M xico

               Ley Org nica de la Casa de Moneda de M xico 

               Ley Monetaria de los Estados Unidos Mexicanos

          10.  Control,  Inspection and Surveillance of Maritime and Inland
          Ports

               Measures:

               Ley de Navegaci n y Comercio Mar timos

               Ley de V as Generales de Comunicaci n

          11.  Control,  Inspection   and  Surveillance  of   Airports  and
          Heliports

               Measures:

               Ley de V as Generales de Comunicaci n

          The measures referred  to are provided for  transparency purposes
          and include any  subordinate measure adopted or  maintained under
          the authority of and consistent with such measures.





















































































          1.   The  activities set  out in  Section A  are reserved  to the
          Section B.     Deregulation of Activities Reserved to the State









          2.   If Mexican law is amended to allow private equity investment
          Mexican  State, and private equity investment is prohibited under

          participate  in   such  activities  through   service  contracts,
          Mexican  Law.     Where  Mexico  allows  private   investment  to

          concessions,   lending   arrangements  or   any  other   type  of
          contractual  arrangement,   such  participation   shall  not   be
          construed to affect the State's reservation of those activities.


          in  an  activity  set  out   in  Section  A,  Mexico  may  impose




          enterprise  engaged in  activities  set  out  in Section  A,  and
          impose derogations from Article 1102 on foreign equity investment













          from the initial  sale, Mexico may restrict the  transfer of such
          participation when selling an asset  or ownership interest in  an





               Where an  activity  was reserved  to  the Mexican  State  on
          Section C.     Activities Formerly Reserved to the Mexican State
          describe them in Annex I.





          date of entry  into force of this Agreement,  Mexico may restrict
          January 1, 1992 and  is not reserved to the Mexican  State on the

          the initial sale of a  state-owned asset or an ownership interest


          Mexican Constitution.   For  a period not  to exceed  three years
          with majority ownership by  Mexican nationals, as defined by  the
          in a state enterprise that performs that activity to  enterprises
          restrictions on foreign  investment participation notwithstanding
          Article 1102,  and describe  them in  Annex I.   Mexico  may also















          asset  or ownership interest  to other enterprises  with majority


          obligations of national treatment set  out in Article 1102 apply.
          This provision is subject to Article 1108.
          ownership  by  Mexican  nationals,  as  defined  by  the  Mexican
          Constitution.   On  expiration  of  the  three-year  period,  the
