On December 1, 2016, the Council of Representatives of the National Minimum Wage Commission (“CONASAMI”) resolved that, as of January 1, 2017, the general minimum wage in effect throughout the Mexican Republic would be MXN $80.04 per day.

The Council of Representatives of the Mexican National Commission of Minimum Wages (“CONASAMI”) resolved on December 1, 2016 that starting January 1, 2017, the general minimum wage for all the Mexican Republic will be $80.04 Mexican pesos per day.

The aforementioned resolution should be considered for salary revisions of collective bargaining agreements. However, we recommend analyzing each particular case on an independent basis.

Mexico City, on December 2, 2016.