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Mexico Maintains Tariff-Rate Quota on Milk Importation

Strategic Insights

— 1 min read

The Secretariat of Economy (SE) has announced the maintenance of the tariff-rate quota on milk, both powdered and tablet form, for members of the World Trade Organization (WTO). This decision is part of a new set of regulations, implemented via decree, which modify and update various sections of the Tariff of the Law of General Import and Export Taxes. The changes aim to adapt to the start of a new year and the evolving commercial landscape, including free trade agreements, economic complementation agreements, and economic association agreements signed with other countries and regions.

Key Takeaways:

  • The SE has decided to maintain the tariff-rate quota on milk, excluding those importers with a quota certificate issued by the SE.
  • A range of products are subject to changes, including agricultural products such as guavas, mangos, and peaches, as well as industrial goods like paraffin, medicines, and cardboard boxes.
  • The updates are part of a broader effort to revamp the Tariff of the Law of General Import and Export Taxes, incorporating new commercial mechanisms and agreements.
  • The decree aims to accommodate the shifting commercial landscape, with changes aimed at fostering economic cooperation and trade.
  • The affected products display a varied mix of industrial and agricultural goods, highlighting the scope of the revisions.
  • The new regulations are designed to facilitate trade and economic cooperation with other countries and regions.
  • The modifications are introduced through a series of decrees, with the SE's announcement highlighting the importance of adapting to changing commercial conditions.
  • The decree does not explicitly state the mechanisms for quota allocation or the specific procedures for obtaining a quota certificate.

Statistics:

  • The tariff-rate quota on milk will continue to be applied to WTO member countries.
  • The affected products include various agricultural and industrial goods, such as guavas, mangos, peaches, paraffin, medicinal products, cardboard boxes, and polystyrene cartons.
  • The changes are implemented through the Tariff of the Law of General Import and Export Taxes, specifically sections that have been modified or updated.
  • The decree is effective as of the start of the new year, marking the beginning of a new set of trade regulations.

Sources:

  • "Mexico Maintains Tariff-Rate Quota on Milk Importation" (El Universal/Corporate Mexico by Internet Securities, Inc. via COMTEX)
  • Copyright 2005 Internet Securities, Inc.
  • A Euromoney Institutional Investor Company.
  • News Provided by COMTEX (http://www.comtexnews.com)

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