The customs value in Mexico is determined in accordance with the World Trade Organization (WTO) Agreement on Customs Valuation and the Customs Law. Generally, the customs value is the transaction value and when the value cannot be determined according to this method, the other methods stipulated in the
With perspectives from Moody’s Analytics, the Mexican government highlighted what it considers to be a formula for economic growth with migration from Mexico to the United States. On the first issue, an analysis by the Moody’s Analytics consultancy concludes that if immigration to the United States were reduced
What was the transition of ProMéxico to the Ministries of Economy (SE) and Foreign Affairs (SRE) like? A report by the World Trade Organization (WTO) provides the following answer. To begin with, ProMéxico, the federal agency for export and investment promotion, was closed in 2019. Its competencies were
Esteban Moctezuma Barragán, Mexico‘s ambassador to the United States, highlighted the implication of the U.S. Inflation Reduction Act in the productive integration of North America. «There are very clear, very concrete and very encouraging signs of the direction we are taking in that sense,» said Moctezuma Barragan at
Mexico‘s Business Coordinating Council (CCE) believes that a new regulation on double-trailer trucks is required and raised some considerations. «They wanted to introduce an initiative; I think it affects competitiveness and the environment. There are no trucks because of the chip, they would have to make double trips
The three airport groups operating in Mexico, Grupo Aeroportuario Centro Norte (OMA), Grupo Aeroportuario del Sureste (ASUR) and Grupo Aeroportuario del Pacífico (GAP), are majority-owned by Mexican national capital. In general, foreign investment in Mexico may not exceed 49% of the capital of the concessionaire companies. However, according