Mexico Cancels 230 Categories Of Commodity Import Taxes, Such As Textiles And Clothing.
Mexico
In December 27th, in the text of "Mexico's abolition of import duties on 230 commodities", the federal government of Mexico cancelled 230 import duties on commodities under the customs tariff code from now on.
These include welding machinery and equipment, cotton textile clothing, animal skin and so on.
The Ministry of economic affairs of Mexico explains that this is a regulation enacted in August 2002 to reduce raw materials and industries of Mexico's national industries.
Mechanical equipment
The cost of imports.
According to this regulation, the commodities under the 230 customs tariff codes are subject to the same tariff as the import and export tariff act of Mexico or the tariff stipulated by the Customs Law.
According to the provisions of the time and Mexico
Foreign Trade Law
The existence of the 230 customs tariff codes is not necessary and has been approved by the Foreign Trade Committee of the Mexico Congress.
The chairman of the Government Relations Department of Mexico iron and Steel Association said that from today on, different industries in Mexico will be affected, and the impact will be even more serious in the first quarter of 2012, because the new round of tax cuts ending in 2013 will begin in 2012. It will threaten Mexico's steel industry, spinning and weaving clothing industry, toys and footwear industry.
He said that the decision of the Mexico government was to achieve consistency with US tariffs, but did not take into account the advantages of us business development, that is, electricity tariffs were 50% lower than Mexico, and improved logistics facilities and low safety input.
The chamber said that the only beneficiaries of the Mexico government's policies were Mexico's big importers, chain supermarkets and illegal trading companies.
And the goods that enjoy the tax relief policy are produced in Mexico.
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