As an additional measure to those taken last year, the Federal Government again modified the Law of General Import and Export Taxes (Ley de los Impuestos Generales de Importación y Exportación) in order to provide fair...more
On October 23, 2023, the Mexican President published in the Official Gazette of the Federation a Decree under which the Mexican Government implements measures to combat the illicit trading of fuels, related to the importation...more
Multinational companies operating in Mexico are subject to Mexican regulations regarding the use of foreign goods. Mexican customs law provides that, with the exception of goods for personal use, any person who possesses,...more
The August 15, 2023 Mexican Federal Official Gazette contains a Presidential Decree (the Decree) that for the following two years -August 16, 2023 through July 31, 2025-, increases import duties in the range of 5% to 25% to...more
Mexican President Andrés Manuel López Obrador recently signed a decree to regularize used cars that were imported into Mexico illegally, also known as “chocolate” cars.
The reprieve that allows owners of “chocolate” cars...more
On June 12, the seventh resolution of amendments to Mexico’s General Foreign Trade Rules for 2020 entered into force. In that resolution, several rules were modified, among them Rule 2.4.1., which regulates the "Authorization...more
In relation to our recent insights Brexit: Mexico and the United Kingdom sign Trade Continuity Agreement and Brexit: A First Look at UK-Mexico Trade Continuity Agreement's Relevant Issues, the Governments of Mexico and the...more
As previously reported on December 15, 2020, the Mexican Secretary of Economy and the Secretary of State for International Trade of the United Kingdom issued a joint statement to communicate the signing of the UK-Mexico Trade...more
Over the last several months, Mexico has made a number of important changes to the rules governing the importation and exportation of certain materials. This article focuses on changes to the rules governing compliance with...more
The Mexican General Import and Export Duties Law (“the Mexican Tariff”) was recently modified through a couple of decrees (effective Sept. 4 2020 and Oct. 23, 2020) to create tariff items that expressly identify electric...more
While there is a growing understanding of the sanitary measures needed to restart manufacturing operations in a safe and efficient manner (i.e. social distancing, testing, masks & facemasks, others), the economic consequences...more
In Mexico the customs clearance of goods may be performed either directly by importers or exporters, or through customs brokers. When clearing goods directly, importers and exporters must do it through a legal representative...more
Fixed assets represent a significant capital investment for manufacturing companies. Such assets can include land, buildings, equipment, furniture, machinery and vehicles. Global manufacturing companies usually have an...more
The updated USMCA was signed on December 10, 2019.
These are not business-as-usual times in the trading world. As we know, there is the ongoing trade war with China, Brazil and Argentina are back in the steel and aluminum...more
12/17/2019
/ Aluminum Sales ,
Automotive Industry ,
Canada ,
Corporate Counsel ,
Cross-Border Transactions ,
Dispute Resolution ,
Environmental Policies ,
Free Trade Agreements ,
Imports ,
Intellectual Property Protection ,
Investor State Dispute Settlement (ISDS) ,
Labor Regulations ,
Mexico ,
NAFTA ,
Steel Industry ,
United States-Mexico-Canada Agreement (USMCA)
In recent posts, we have informed what does IMMEX stands for, and how a company may benefit from said trade facilitation program established by the Mexican government. As we have explained, IMMEX covers final products...more
Under an IMMEX Program, a company may temporarily import materials and assets into Mexico to be used in the production of final products to be exported, or in rendering export-related services with certain benefits....more
Opportunities and challenges to think through before pursuing the Manufacturing, Maquiladora and Export Services Industry program (IMMEX)....more
Since the enactment of the North American Free Trade Agreement (NAFTA), Mexican customs authorities have had the ability to conduct verifications to confirm the NAFTA origin of goods imported into Mexico (NAFTA origin...more