Mexico informed that it will establish reference prices for new sectors, including sporting goods. What are reference prices? These prices are used to facilitate the comparison of product values in international trade. They are applied, for example, in anti-dumping measures, subsidies or agricultural agreements to determine whether trade
The Mexican government reported that eight IMMEX companies made illegal imports. The total amount was Ps. 24 billion. These operations are currently under investigation by the Mexican Attorney General’s Office. Background: On December 19, 2024 a decree was published. This imposed a 35% tariff on 138 tariff fractions
The diesel prices in Mexico will foreseeably increase in 2025 due to the reduction in refinery production, projected GMXT. In the period from January 1 to March 31, 2025, the price of diesel increased 4.3% compared to the same period in 2024. From GMXT’s perspective, the increase in
Mexico‘s National Customs Agency (ANAM) began the process to cancel five customs agencies, informed the Secretary of Economy, Marcelo Ebrard, on Monday. These customs agencies are being investigated for their relationship with alleged illegal imports made by eight IMMEX companies for 24 billion pesos. Ebrard indicated that of
GMXT’s (Grupo México Transportes) investment plan includes the acquisition of 1,600 rail vehicles and a 15% increase in the fleet of rail locomotives. The company also plans to carry out other expansion, efficiency and road safety projects that will improve idle times and operating results. To size its
The United States imposes a 25% tariff on non-USMCA auto parts, but avoids duplicate tariff charges. Mexican auto parts that qualify as eligible under the USMCA will continue to be exempt from the Section 232 tariff. This exemption will be temporary, with a minimum duration of 90 days