First, it has a specialized Ministry of Foreign Trade which is not part of an Economy or a
Foreign Relations Ministry, as in other Latin American countries: Ministerio de Comercio
Exterior (COMEX). COMEX is small but agile and historically has not been subjected by
law to all the civil-service restrictions that afflict the rest of the state (for instance, it
attracts better professionals, pays more, and can hire and fire at will). Despite its size and
limited mandate, it is a politically influential institution, especially due to the public
attention to the negotiations of international trade agreements. In addition to the
negotiation, implementation and oversight of those instruments and of trade policy in
general, COMEX is charged with promoting a competitive business climate for export
promotion.
First, it has a specialized Ministry of Foreign Trade which is not part of an Economy or a Foreign Relations Ministry, as in other Latin American countries: Ministerio de Comercio Exterior (COMEX). COMEX is small but agile and historically has not been subjected by law to all the civil-service restrictions that afflict the rest of the state (for instance, it attracts better professionals, pays more, and can hire and fire at will). Despite its size and limited mandate, it is a politically influential institution, especially due to the public attention to the negotiations of international trade agreements. In addition to the negotiation, implementation and oversight of those instruments and of trade policy in general, COMEX is charged with promoting a competitive business climate for export promotion.
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