Mexico City, December 20, 2024
On December 19, 2024, the Ministry of Economy published in the evening edition of the Official Gazette of the Federation the “Decree to amend the tariff of Import and Export Tax Law and the Decree for the Promotion of the Manufacturing, Maquiladora and Export Services Industry”. It establishes temporary tariffs ranging from 15% to 35% on the importation of goods classified within 155 codes items under the Tariff of the Law of General Import and Export Taxes (TIGIE, for its initials in Spanish). These tariffs apply exclusively to goods originating from countries with which Mexico does not have a free trade agreement.
The Decree also prohibits the temporary importation of products classified in chapters 61, 62, 63, as well as in subheadings 9404.40 and 9404.90, under the IMMEX regime established in the «Decree for the Promotion of the Manufacturing, Maquiladora and Export Services Industry” (IMMEX Decree).
According to the Decree, the factors that justify imposing temporary duties include the significance of the textile and apparel industry, its growth rate over the past five years, the rise in imports of products from this sector, and the prices at which these imports are made. These measures aim "to create favorable market conditions for domestic textile and apparel industries that face disadvantages in international trade and to promote the development of the domestic industry."
The Decree published on December 19 is available for consultation at the following link: https://www.dof.gob.mx/nota_detalle.php?codigo=5745788&fecha=19/12/2024#gsc.tab=0
Key modifications
- Temporary duty of 35% are established for imports of products classified under 138 HTS codes related to apparel.
- Temporary duty of 15% are established for imports of products classified under 17 HTS codes related to the textile industry.
- 302 tariff items are eliminated from section C of Annex II of the IMMEX Decree, corresponding to chapters 61, 62, and 63 of the TIGIE, and are included in Annex I of the same Decree.
- One tariff item from Chapter 63 and two from subheadings 9404.40 and 9404.90 are added to Annex I of the IMMEX Decree.
Entry into force of the measures
The temporary duties established in the Decree will be effective from December 20, 2024, until April 23, 2026. These duties apply only to imports subject to the General Import Tax and do not affect imports declared under a Free Trade Agreement (FTA´s).
Goods that arrive in the country before the Decree takes effect will not be subject to the new temporary tariffs by Article 56 of the Customs Law.
Our team of lawyers is fully available to address any questions regarding the application and implications of this Decree and assist with any other issues or disputes related to Foreign Trade and Customs.
Sincerely,
Sergio Barajas
barajas@basham.com.mx
Alberto Sandoval
asandoval@basham.com.mx
Gustavo Guillén
gguillen@basham.com.mx
Benito Adolfo González Trejo
bgonzalez@basham.com.mx
Note: This bulletin is intended for informational purposes only and is directed to the clients of Basham, Ringe y Correa, S.C. The comments included here are based on the publication of the «Decree Modifying the Tariff of the Law of General Import and Export Taxes and the Decree for the Promotion of the Manufacturing, Maquiladora, and Export Services Industry» in the Official Gazette of the Federation. Therefore, this bulletin does not provide specific interpretations and should not be considered personalized legal advice addressing actual situations.
