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Mexico: Government imposes temporary import duties on the importation of goods classified in 392 tariff items

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In brief

On 15 August 2023, the President of Mexico, Andres Manuel Lopez Obrador, published a Decree amending the Tariff Schedule of the General Import and Export Duties Law. The decree focuses on the implementation of temporary import duties ranging between 5% and 25% on goods classified in 392 tariff items covering steel, aluminum, bamboo, rubber, chemical products, oils, soap, paper, cardboard, ceramic products, glass, electrical material, musical instruments, and furniture. These temporary duties are applicable as of 16 August 2023 and until 31 July 2025.

In depth 

In addition, the decree eliminates the tariff reduction provided for in the decree published in the Federal Official Gazette on 18 November 2022, arguing that the textile and footwear sectors are facing a situation of vulnerability.

In order to prevent affecting the productive supply chains and to maintain the competitiveness of the most sensitive industrial sectors, in the transitory articles of the decree, the Ministry of Economy includes in the electric, electronic and automotive, and auto parts sectors of the Sectoral Promotion Program (PROSEC) certain tariff items corresponding to the steel industry. The inclusion of these products in the PROSEC Program will grant duty reductions which will remain in force from 16 August 2023 and until 31 July 2025.

The full text of this publication can be found here.

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Author

José has been a member of the Foreign Trade Practice Group since 2000. He is experienced in foreign trade and customs matters, free trade agreements (FTA), regulatory matters, consumer protection and export controls. He has contributed to several publications related to foreign trade and customs matters and is a professor of international trade law at the Universidad Panamericana.

Author

Adriana has over twenty years of experience in customs and foreign trade matters. She joined Baker McKenzie in 2001, became National Partner in 2005 and a Principal in 2018. She has prior experience working as legal director of Rules of Origin, Customs Procedures and Safeguards in the Mexican Ministry of Economy where she participated in the negotiation of several free trade agreements (FTAs) and in the first dispute settlement resolution cases initiated by Mexico against the US under the NAFTA. Adriana has been ranked a leading practitioner by Chambers and Partners at Chambers Global and Chambers Latin America as well as Legal 500 for ten consecutive years. She was an associate in our Guadalajara and Washington, D.C. offices and currently Heads the Firm’s North America International Commercial Practice Group in Mexico City.

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