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Presidential Proclamations Concerning Imports of Aluminium and Steel
July 10, 2024, Adjustments to Imports of Aluminum and Steel into the United States. Presidential Proclamations Concerning Imports of Aluminum and Steel. The White House today posted on its website two presidential proclamations concerning imports of aluminium and steel into the United States.
Nom that contemplates the listing of hazardous substances and materials and their transportation process
On December 18, NOM-002-SCT-SEMAR- ARTF/2023, List of Hazardous Substances and Materials (Dangerous Goods) (“NOM” for its acronym in Spanish), issued by the Ministry of Infrastructure, Communications and Transportation, was published in the Federal Official Gazette (“DOF” for its acronym in Spanish), specifying the hazardous goods and the measures that must be taken for their proper transportation.
Temporary amendments to Mexican tariffs
On August 15, 2023, the Mexican Executive Branch temporarily amended, pursuant to Article 131 of the Mexican Constitution, several applicable tariffs to products set forth in the Tariff of the Law of General Import and Export Taxes dated June 7, 2022. The temporary increases could increase from 5% up to 25% in import tariffs for 392 products
Supreme Court removes acreditation of VAT in compensations
On March 15, 2023, the Supreme Court of Justice of Mexico established a core precedent where the civil compensation is not a form to extinguish obligations between creditor and debtor, nor a mean of payment of Value Added Tax (Hereinafter “VAT”) for its accreditation and refunding.
Nearshoring: explaining the business model that concentrates 80% in Mexico.
According to Jair Bravo, managing partner of the Law Firm Bravo Abogados, Mexico is the fourth most attractive country for nearshoring investments, surpassed only by Japan, Canada and the United States. The spokesperson informed that thanks to its geographical location, Mexico concentrates 80% of the nearshoring market at a global level.
Agreement Establishing the Goods Whose Importantion is Subject to Regulation by The Ministry of Labor and Social Welfare
On February 17, 2023, the Agreement that establishes the goods whose importation is subject to regulation by the Ministry of Labor and Social Welfare (hereinafter the “Agreement”) was published in the Official Gazette of the Federation, which represents an effort by the Mexican government to comply with one of its many obligations under the Treaty between the United Mexican States, the United States of America and Canada (hereinafter the “T-MEC”) by implementing a system of prohibition against forced or compulsory labor.
Protection to Foreign and Mexican Investment
Foreign investors are protected in Mexico by a series of International Treaties executed by and between Mexico with several sovereign countries around the world.
Decree: Enacting the General Law of Import and Export Taxes.
Today was published in the Federal Official Gazette the Decree enacting the Law of General Import and Export Taxes (hereinafter the “Law”)
International Investment Treaties (APPRIS) and Commercial Treaties
How can a National Citizen benefit from a Protection Agreement in his own country?
Decree: Prohibiting the Commercialization of Electronic Cigarettes
Decree prohibiting the circulation and commercialization of Electric Cigarettes of the Ministry of Health