The HR Ratings Agency observed pressure on Grupo Lala’s cost of sales, with an increase of 2.3% compared to the base scenario. This increase is the result of higher production costs in Mexico, the increase in raw material prices in Latin America and an effect of the exchange
Customs officials identified and recovered 9,399 items in 2019, according to data from the World Customs Organization (WCO). That amount represents a 59.5% decrease from the 22,462 items recovered in 2018. According to the WCO, this drop was mainly due to a particularly large seizure of 10,000 coins
The peso closed the session with an appreciation of 0.25% or 5.5 cents, trading around 22.14 pesos per dollar, as a result of the general weakening of the US dollar that, according to the weighted index, registered a 0.49% drop to a minimum of 1,164.15 points, its lowest
The Agreement between Mexico, the United States and Canada (USMCA, or Treaty) entered into force on July 1, 2020 and the following are 23 frequently asked questions about that trade agreement, according to the Tax Administration Service. The USMCA establishes that the certification of origin can be
The government of Mexico received a total of 2,931,400 import requests during the first half of 2020, a 12.6% year-on-year drop. In general, a petition is a kind of tax declaration related to compliance with tax obligations in foreign trade, through which the importer or exporter declares to
In Mexico’s customs, drugs, weapons, dollars, hydrocarbons and cigarettes were seized in the first half of 2020, highlighted the Ministry of Finance and Public Credit (SHCP). If the General Administration of Customs (AGA) finds any inconsistency, it carries out the lifting of the PAMA, which begins with the