The Treaty between Mexico, the United States and Canada (USMCA) was signed on November 30, 2018 and amended on December 10, 2019. It then entered into force on July 1, 2020 and was notified to the World Trade Organization (WTO) on September 16, 2020 pursuant to GATT 1994
Mexican imports totaled 56,168.2 million dollars in August, which represents a 27% annual increase and a record. In August 2022, the advance in the value of imports reflected growth of 24.1% in non-oil imports and 49.5% in oil imports. When considering imports by type of good, annual increases
Mexico‘s exports grew 25.2% in August, to 50.67 billion dollars, above the average of what they had previously increased in 2022. With this, Inegi reported that Mexican exports accumulated an increase of 18.9%, to 377,945.8 million dollars. On the other hand, Mexico imported products for a customs value
The Federal Economic Competition Commission (Cofece) os Mexico informed that it was forced to suspend the deadline to resolve the proceeding on barriers to competition in the national market of jet fuels. Specifically, the case involves the production, importation, storage, transportation, distribution, commercialization, sale and related services (file
Mexico’s main international trade procedures include the Notice of Crossing (now suspended), the importers’ registry and the pedimento. The following paragraphs explain each of these procedures, using the Mexican National Customs Agency (ANAM) and the United States Department of Commerce (USDOC) as sources. For tax purposes, all Mexican
Mexico, South Korea and Japan were the top destinations for U.S. cheese and cottage cheese exports in the January-July 2022 period. While shipments to Mexico totaled $356 million in that period (up 32.7% year-over-year), U.S. shipments to South Korea totaled $211 million (+24.3%) and those to Japan totaled