As of June 1, 2020, several digital services provided by foreign-based suppliers are subject to VAT (16%) in Mexico. Mexican authorities indicated that in 2021,
Mexico has been a strong proponent of a process to reform the World Trade Organization (WTO), according to the Mexican federal government. For this reason,
The International Trade Practices Unit (UPCI) of the Mexican Ministry of Economy (SE) is the authority in charge of carrying out investigations on dumping, subsidies
Between 2017 and 2021, Mexico‘s Federal Economic Competition Commission (Cofece) initiated 37 investigations for alleged monopolistic practices, and 21 practices were sanctioned, according to a
In Mexico, it is necessary to hire the services of a customs broker, a customs agency or a legal representative, since the importer cannot directly
The most common preferential tariff rates granted under PROSEC in 2021 were 0 and 5%, which applied to 76.2% and 19.1% of beneficiary tariff lines,
The Ministry of Economy is negotiating Agreements for the Promotion and Reciprocal Protection of Investments (APPRI) with South Korea, China and Switzerland. On January 11
The main financing instrument of Banco Nacional de Comercio Exterior (Bancomext) is a loan in excess of US$3 million. Bancomext, a federal development bank, operates
Switzerland led the world in watch exports in 2021, totaling $15.005 billion, a year-on-year increase of 31 percent. If all global watch exports are considered,
The most important change in Mexico‘s customs area in the last five years was the creation in 2021 of the National Customs Agency of Mexico
As of June 1, 2020, several digital services provided by foreign-based suppliers are subject to VAT (16%) in Mexico. Mexican authorities indicated that in 2021,
Mexico has been a strong proponent of a process to reform the World Trade Organization (WTO), according to the Mexican federal government. For this reason,
The International Trade Practices Unit (UPCI) of the Mexican Ministry of Economy (SE) is the authority in charge of carrying out investigations on dumping, subsidies
Between 2017 and 2021, Mexico‘s Federal Economic Competition Commission (Cofece) initiated 37 investigations for alleged monopolistic practices, and 21 practices were sanctioned, according to a
In Mexico, it is necessary to hire the services of a customs broker, a customs agency or a legal representative, since the importer cannot directly
The most common preferential tariff rates granted under PROSEC in 2021 were 0 and 5%, which applied to 76.2% and 19.1% of beneficiary tariff lines,
The Ministry of Economy is negotiating Agreements for the Promotion and Reciprocal Protection of Investments (APPRI) with South Korea, China and Switzerland. On January 11
The main financing instrument of Banco Nacional de Comercio Exterior (Bancomext) is a loan in excess of US$3 million. Bancomext, a federal development bank, operates
Switzerland led the world in watch exports in 2021, totaling $15.005 billion, a year-on-year increase of 31 percent. If all global watch exports are considered,
The most important change in Mexico‘s customs area in the last five years was the creation in 2021 of the National Customs Agency of Mexico
Redacción: 7224059128
info@opportimes.com
