November 23. MEXICO CITY. After several months of intense work, the Mexican government passed the Social Solidarity Economy, which aims to establish mechanisms to facilitate the organization and expansion of economic activity in thesector and the responsibility for the development and promotion by the state.
It also proposes to define the rules of organization, promotion, development and strengthening of the Social economy sector as an effective system that contributes to social and economic development of the country.
As part of this Act referred to the various entities that make up the sector in Mexico,including communications, labor organizations, cooperatives, or companies that belong exclusively to the majority or workers among others.
The law also created the National Institute of Social Economy as an administrative body attached to the Ministry of Economy, which will count with technical,operational and management in the terms established by law and will aim to define and implement public policies to promote the Social Economy sector. These public policies are directed to strengthen and consolidate the sector as a pillar ofeconomic development, through participation, training, research, dissemination and support for productive projects.
For the president of CEPES, Juan Antonio Pedreño, approval of this Act will be an important reference for other countries, and adds to the pioneering development of the Spanish Law 5 / 2011 of the Social economy, stressing the relevance of such regulations for development and developing the sector.
