Mexico: Mexican government imposes temporary import duties of up to 25% on the importation of goods classified in 392 tariff items

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.


Contents

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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