In 2008 the Secretariat of Economy initiated the trade facilitation program based on three pillars:
Tariff simplification and reassessment of exception schemes
A program has been developed to gradually reduce the tariffs over a five-year term, of more than 10,000 sections related to industrial products and to extend the benefits of sectoral programs which, in today's environment, is only possible by reducing tariffs to levels similar to those of our principal partner. This measure eliminates incentives for triangulation and for the generation of technical contraband, furthering the creation of a North American customs zone.
The measure eliminates a complex tariff structure that caused legal uncertainty to the detriment of free competition and unrestricted access for small and medium-sized businesses, which resulted in an administrative burden for the State.
Customs and Foreign Trade Facilitation
This provides for the simplification and streamlining of customs clearance procedures; the revision of standards and their transition towards approval into the international or US standard, and the acceptance of conformity certification issued by certain approved, international certification agencies; the review of violations and penalties; the facilitation of entry and reintegration to the register of importers and the simplification of the authorization procedure for attorneys.
The transparency and institutionalization of changes and their outcomes are critical factors. Mexico has created the Foreign Trade Regulatory Commission (COCEX), which major capabilities are: a collective technical body involving several federal agencies, Banxico and CFC; and, the legal power to comment on the implementation of tariff and non-tariff trade regulations.
Manufacturing, Maquila and Export Service Industry (IMMEX)
Given the fierce competition for global markets, Mexican businesses must at least have the same conditions offered by our major competitors, to enable them to successfully position their goods and services in the international trade arena.
To that end, on November 1, 2006, the Federal Government published the Decree for the Promotion of the Manufacturing, Maquila and Export Services Industry (IMMEX Decree), aimed at strengthening the competitiveness of the Mexican export sector, and granting certainty, transparency and continuity to business operations by identifying and simplifying compliance factors, allowing them to adopt new ways to operate and do business; reduce logistics and administrative costs; and modernize, streamline and reduce processes in order to raise oversight capacity in an environment which encourages the capture and retention of investment.
This instrument includes the programs for the Development and Operation of the Maquila Export Industry and that which establishes Temporary Import Programs to Produce Export Goods (PITEX), whose companies jointly represent 85% of Mexico's manufactured exports.
To find out more about this program, go to SIICEX.