The Mexican Government decrees tariff hikes ranging from 5% to 50% on over 544 goods.

April 22, 2024, the ‘Decree amending the Tariff of the Law on General Import and Export Taxes’ was published in the Official Gazette of the Federation. This temporary measure is in force from April 23, 2024, to April 23, 2026.

Purpose of the Decree

• Provide fair market conditions for sectors of the domestic industry
• Reaffirms the tariff benefit of the Sector Promotion Program (PROSEC) that promotes subheadings of the electrical, electronic, automotive, and auto parts industries sectors.

Products Affected by the Decree

For a complete list of HS Codes impacted by this change, and to read the full decree please visit this link: Official Gazette of the Federation

What Does The Decree Mean to You?

Mexico Importers should carefully examine the list of impacted products and be aware of opportunities to take advantage of special foreign trade promotion programs.

Reach out to Crane Global Trade Compliance Team: globaltradecompliance@craneww.com should you have any enquiries about international trade regulations.