Government imposes temporary import duties on the importation of goods classified in 392 tariff items in Mexico

Mexico’s President, Andres Manuel Lopez Obrador, issued a Decree modifying the Tariff Schedule of the General Import and Export Duties Law on August 15, 2023. The decree focuses on imposing temporary import duties ranging from 5% to 25% on 392 tariff items covering steel, aluminium, bamboo, rubber, chemical products, oils, soap, paper, cardboard, ceramic products, glass, electrical material, musical instruments, and furniture. These temporary tasks will be in effect on August 16, 2023, and will last until July 31, 2025.

Furthermore, the order eliminates the tariff reduction called for in the decree published in the Federal Official Gazette on November 18, 2022, claiming that the textile and footwear sectors are vulnerable.

To avoid disrupting productive supply chains and maintaining the competitiveness of the most vulnerable industrial sectors, the Ministry of Economy includes tariff items corresponding to the steel industry in the electric, electronic, automotive, and auto parts sectors of the Sectoral Promotion Programme (PROSEC). The inclusion of these products in the PROSEC Programme will result in tariff reductions that will be in effect from August 16, 2023 to July 31, 2025.