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Mexican Congress allows foreign investment in oil giant PEMEX

Mexican Congress allows foreign investment in PEMEX<h4>Lawmakers defy AMLO leftists protesting measures supporters say will overhaul industry as production declines</h4>

 Ignoring thousands of left-wing demonstrators. lawmakers Tuesday and passed constitutional reforms aimed at allowing foreigners limited investment in Mexico’s vulnerable petroleum industry.

After debating over the protests of leftist legislators who had taken over the podium in the Chamber of Deputies, the lawmakers passed the measures 395-82.

“With this reform the national economy wins; all Mexicans win,” President Felipe Calderon said in a nationally televised message several hours after the vote. “And it’s particularly important that Mexicans have reached agreement at a time when the world economy goes through a particularly adverse situation.”
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