What is FDA equivalent in Mexico?

Could you elaborate on what the equivalent of the FDA, which stands for the Food and Drug Administration in the United States, is in Mexico? I'm curious to understand if there's a comparable regulatory body that oversees food, drug, and medical device safety in Mexico. Specifically, I'm wondering if this agency has similar powers and responsibilities as the FDA in terms of approving and monitoring products, enforcing safety standards, and conducting inspections. Understanding the Mexican equivalent would provide valuable insights into the regulatory landscape in that country for these crucial industries.