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In Trade and Foreign Investment

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

by and 2 Mins Read

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.

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In Trade and Foreign Investment

Mexico: temporary import duties of up to 25% on the importation of goods classified imposed

by , and 2 Mins Read

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 Environment

Mexico: General guidelines for the operation of CNH’s Electronic Single Window

by and 2 Mins Read

On 1 August 2023, the National Hydrocarbons Commission (CNH) published in the Federal Official Gazette Accord CNH.04.07/2023 that contains General Guidelines for the Operation of the Electronic Single Window. The purpose of these guidelines is to establish the mechanisms through which a person authorized by CNH may file digital briefs, and the CNH may carry administrative procedures through the Electronic Single Window.

In Trade and Foreign Investment

Mexico: Preparing companies for increased customs audits and inspections (Video Chat)

by , and 1 Min Read

In recent years, we have seen a significant increase in Custom Audits by both Federal and State Tax Authorities, mainly to companies with foreign investment. In this Quick Chat video, our International Commercial partners in Mexico along with the Managing Partner for Baker McKenzie’s Mexico offices discuss what to expect from an audit, the consequences including financial liability and the preventive measures Mexican companies must take.

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In Employment

Mexico: Nearshoring for multinational companies – the employment perspective (Video Chat)

by , and 1 Min Read

“Nearshoring” in Mexico is currently a hot topic for multinational companies considering moving business and manufacturing closer to home. COVID-19-era global supply chain disruptions and changes to the global economy are causing companies to reexamine their sourcing options and relocating to Mexico has much appeal. According to an analysis by the McKinsey Global Institute, in 2021, American investors put more money into Mexico – buying companies and financing projects – than into China.

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In AML & Financial Services Regulatory

Mexico: Bill of Law prohibiting suppliers of goods, products or services from charging additional fees for using debit or credit cards

by 1 Min Read

On 20 April 2023, a bill of law was published, approval pending, to amend the Federal Consumer Protection Law to prohibit suppliers of goods, products or services from charging a commission or additional fee to consumers when they use a debit or credit card as a payment method instead of cash. The foregoing is motivated by the fact that this practice of some suppliers is detrimental to the consumers’ economy and discourages the use of debit or credit cards as a payment method.

In Employment

International: Global Employment Law Fastpass for United States Multinationals (Webinar Series Invitation)

by 2 Mins Read

Join us for a four-part webinar series as our US moderators welcome colleagues from around the globe to share the latest labor and employment law updates and trends. US-based multinational employers with business operations in Asia Pacific, Europe, the Middle East and Africa, and the Americas regions will hear directly from local practitioners on the major developments they need to know, and come away with practical tips and takeaways to implement.

In Trade and Foreign Investment

Canada, Mexico and the United States: Three years of the USMCA

by and 1 Min Read

The United States-Mexico-Canada Agreement went into force on 1 July 2020, replacing the North America Free Trade Agreement to support mutually beneficial trade between the parties. In this video, Baker McKenzie lawyers from each country share their reflections and the insights they’ve gained during the almost three years since the USMCA took effect.

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