Mexico Cancels Import Tax On Cotton Textile And Clothing &Nbsp, Animal Skins And Other Commodities.
In the text of "Mexico cancels the import tax of 230 commodities" published in the Mexico reform newspaper in December 27th, the federal government of Mexico abolished the import duties of commodities under the 230 customs tariff rules from now on.
These include welding machinery and equipment, cotton textile clothing, animal skin and so on.
The Ministry of economic affairs of Mexico explained through the media that it was formulated in August 2002.
statute
The purpose is to reduce the import cost of raw materials and machinery and equipment in Mexico's national industries.
According to this regulation, the commodities under the 230 customs tariff codes are subject to the same tariff as the import and export tariff act of Mexico or the tariff stipulated by the Customs Law.
According to the provisions of the time and the foreign trade law of the Mexico, the existence of the 230 customs tariff codes is not necessary and has been approved by the Mexico Foreign Trade Committee.
The chairman of the Government Relations Department of Mexico iron and Steel Association said that from today on, different industries in Mexico will be affected, and the impact will be even more serious in the first quarter of 2012, because the new round of tax cuts ending in 2013 will begin in 2012. It will threaten Mexico's steel industry, spinning and weaving clothing industry, toys and footwear industry.
He said the decision of the Mexico government was to win the United States.
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Consistency, but did not consider the United States.
enterprise
The advantage of development is that electricity tariff is 50% lower than Mexico, perfect logistics facilities and low safety input.
The chamber said that the only beneficiaries of the Mexico government's policies were Mexico's big importers, chain supermarkets and illegal trading companies.
And the goods that enjoy the tax relief policy are produced in Mexico.
- Related reading
Gap, The US Clothing Brand, Has Slumped Next Year Because Of The Collapse In Cotton Prices.
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