One of the purposes of Banco de México (Banxico) is to promote the proper functioning of payment systems and one of its functions is to regulate payment systems. Furthermore, Article 24 of the Law of Banco de México (LBM) establishes that Banco de México may issue provisions when
The Federal Economic Competition Commission (Cofece) of Mexico authorized a merger between Grupo Elektra and Best Buy International Finance. As background: on December 15, 2022, Best Buy International Finance (BBlnter), Best Buy Enterprise Services (BBServices), Grupo Elektra, (GEKT) and Nueva Elektra del Milenio (NEM) notified Cofece of their
The International Trade Practices Unit (UPCI) applies antidumping, countervailing and safeguard measures in Mexico considering the following deadlines. Within the Ministry of Economy, the UPCI is the authority in charge of carrying out investigations on dumping, subsidies and safeguards, as well as proposing the application (or not) of
The National Producer Price Index (INPP) of total production in Mexico, excluding oil, decreased from 8.75% in the third quarter of 2022 to 6.10% in the fourth quarter, considering its average annual variation, according to the Bank of Mexico (Banxico). It then stood at 5.65% in January 2023.
In Mexico, 65 administrative proceedings were filed, the amount of which amounted to 2,480.1 million pesos, representing 251.8% of the total amount observed in 2021, according to information from the Ministry of Finance and Public Credit (SHCP). Fifty-four administrative files were submitted to the General Legal Administration (15
Mexico processed a total of 7.4 million import pedimentos in 2022, an increase of 212,500, representing a 2.9% year-over-year growth, informed the Ministry of Finance and Public Credit (SHCP). Meanwhile, 2.9 million pedimentos were filed for exports, representing a 5.4% increase from 2021 to 2022. Customs clearance for