Mexico makes less use of Free Trade Agreements (FTAs) because companies have IMMEX and Prosec promotion programs. Despite the significant number of trade agreements Mexico has, the low level of preferential tariffs negotiated and the high degree of trade liberalization contemplated (in some agreements it reaches 99 and
The United States became the world leader in Research and Development (R&D) in the 20th century, funding up to 69% of annual global R&D in the post-World War II period, according to a U.S. congressional analysis. Thus, U.S. R&D in 2020 was 83 times higher than in 1956
Intercam Banco published on Tuesday an analysis of the outlook for gold, silver, copper and zinc prices, which have shown strength. December saw another extension in the prices of most metals, indicating the entry into an expansionary phase. The reopening of China improved the outlook for metals, especially
At the end of the third quarter of 2022, Mexico’s importers’ registry had 122,311 active taxpayers, while the sector-specific importers’ registry had 31,357 taxpayers. Importers must be registered in the Federal Taxpayers Registry (RFC). In addition, any individual or legal entity that carries out import operations must be
As of September 2022, Mexico processed a total of 5.5 million import declaration, 176,200 more than the same period last year. As a result, this indicator grew at a year-on-year rate of 3.3 percent. On the other hand, 2.2 million declaration were presented for exports, increasing 6.7 percent
At the end of September 2022, the Mexican Ministry of Finance and Public Credit (SHCP) carried out 303 reviews of which 331 Administrative Procedures in Customs Matters (PAMA’s) were initiated with an approximate value of 1,414.7 million pesos. The PAMA’s executed derived from in-depth and quick home visits