The central and decentralized administrations of the AGACE requested 400 suspensions of the importers’ registry in 2023 for updating various assumptions set forth in rule 1.3.3. of the General Foreign Trade Rules in force. Of this total, 348 were authorized, an increase of 29.4% compared to 2022. In
The Mexican government initiated 622 audit actions related to temporary imports to 539 taxpayers in 2023. As a reminder: temporary imports into Mexico refer to the introduction of foreign goods into the country for a limited period of time and for a specific purpose. Therefore, the Mexican government
The contribution of foreign trade to Mexico‘s tax revenues decreased from 28.3% in 2022 to 24.7% in 2023, according to data from the Ministry of Finance and Public Credit (SHCP). With free trade agreements with 50 countries, Mexico is known for having an open economy and actively participates
Mexico will impose retaliatory tariffs on U.S. imports of certain types of steel if President Joe Biden’s administration determines to impose tariffs on Mexican steel products. That was the warning issued by Raquel Buenrostro, Mexico’s Secretary of Economy, at a press conference. It was also the response to
GDP growth and nearshoring are opening up new opportunities in Mexico, the OECD said in a report released Tuesday. Overall, in the OECD’s view, the economy is navigating well in the uncertain global economic environment. Although core inflation is persistent, headline inflation is gradually receding. «Mexico has begun
Mexican merchandise imports fell 1% in January 2024, to 46.272 billion dollars, Inegi informed this Tuesday. Among the products that Mexico imports the most are auto parts, gasoline, advanced electronic circuits, gas, telephones, computers and cars. To ponder: considering full years, Mexican merchandise imports decreased in 2019 and