The most important change in Mexico‘s customs area in the last five years was the creation in 2021 of the National Customs Agency of Mexico (ANAM), in accordance with the World Trade Organization (WTO). ANAM replaced the General Customs Administration (AGA). Since 2022, customs clearance for the import
The Ministry of Finance and Public Credit (SHCP) published a balance of tax collection in Mexico by type of taxpayer in the first half of 2022. During the first six months of 2022, of the total number of active taxpayers with tax obligations, 96% corresponds to individuals (78%
In terms of rules of origin, the Agreement between Mexico, the United States and Canada (USMCA) has modified certain criteria, according to information from the WTO. In addition, the USMCA simplifies the certification and verification of origin procedure. As a reference definition: the rules of origin of trade
Mexico has signed numerous trade agreements, from sectoral to other deep trade integration agreements, according to information from the World Trade Organization (WTO). Among others, Mexico is a party to the Latin American Integration Association (LAIA), the Treaty between Mexico, the United States and Canada (USMCA), the Comprehensive
Mexico‘s exports to the United States were US$32.075 billion in August 2022, an increase of 25.7% at a year-over-year rate, reported the Department of Commerce (USDOC). These international sales cover only goods not services. Meanwhile, Canada‘s exports to the U.S. market totaled $30.967 billion, representing a 25.4 percent
The RWI/ISL container traffic index has remained virtually flat since October 2020, the WTO referred. The RWI/ISL container traffic index closely tracks world merchandise trade. Although the index hovered near its all-time high in July, it has remained virtually flat since October 2020. In this regard, the WTO