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IMMEX Manufacturing in Mexico as an Alternative
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So, here we are post Liberation Day and investors have been liberated from over $6 trillion dollars U.S. just in the last week. These “reciprocal” tariffs were supposedly aimed at balancing trade with other countries, some of...more
The United States-Mexico-Canada Agreement (USMCA) joint review process is scheduled to begin on July 1, 2026, but the time to prepare is now. Embedded trade compliance professionals should already be doing scenario...more
Recent announcements by former U.S. President Donald Trump regarding the potential imposition of import duties on goods from Mexico have created uncertainty for many companies dealing with the IMMEX program.Trump first...more
As of now, the start of 2025, there are several Chinese industrial parks in Mexico, with notable examples including the Hofusan Industrial Park near Monterrey, which hosts manufacturing plants for ten Chinese companies. When...more
On January 13th, 2025, President Sheinbaum presented the Mexico Plan (MP), which details tax incentives, provides for greater efficiency in administrative processes, and outlines investment goals for infrastructure related to...more
1. Collection forecast and tax collection plan - In view of the “success” in terms of foreign trade taxes collection during 2024, the Federal Government approved for the 2025 fiscal package an increase in absolute terms of...more
On Dec. 19, Mexico announced an increase in tariffs on textiles and apparel imports up to 35%, effective from Dec. 20, 2024, until April 23, 2026, and amends the IMMEX program. The official publication states that the primary...more
New measures regarding the importation of textile products into Mexico were published on Dec. 19, 2024, in the Federal Official Gazette (Diario Oficial de la Federación or DOF). These include a 35 percent increase in tariffs...more
It is expected that the next few years will be a challenging time for manufacturers in Mexico, with the automotive industry being particularly vulnerable as multiple pressure points come to a head: (1) the United...more
On October 14, 2024, the Tax Administration Service (SAT - Servicio de Administración Tributaria) published on the Diario Oficial de la Federacion an amendment to the Foreign Trade General Rules (Customs Rules) for 2024 and...more
On October 14, 2024, the Second Resolution of Modifications to the General Rules of Foreign Trade for 2024 (Rules) and its Annexes 1, 2, 5, and 24 was published in the Official Gazette of the Federation. Of significance is...more
Recently, President Biden signed a foreign military support bill (H.R. 815) into law, which also encompassed the 21st Century Peace Through Strength Act (the Act), a legislative proposal introduced in the House containing...more
中国在墨西哥的外国直接投资 (FDI) 近年来显着增长,这反映了中国与全球经济格局转变和区域贸易动态的战略性协调。这一趋势使中国成为墨西哥增长最快的外国投资来源国之一,其中大部分投资流向制造业。 中国外国直接投资激增的主要原因 经济和政治压力 ...more
China’s foreign direct investment (FDI) in Mexico has seen substantial growth in recent years, reflecting a strategic alignment with global economic shifts and regional trade dynamics. This trend positions China as one of the...more
In February 2024, Customs and Border Protection (CBP) began taking a new approach to Uyghur Forced Labor Prevention Act (UFLPA) enforcement—questionnaires. Once again, the solar industry is among the first targets, vanguards...more
En México, un régimen aduanero es el destino o tratamiento que se da a los bienes objeto de control aduanero de conformidad con la naturaleza y propósitos de una operación aduanera. Las empresas con un programa IMMEX pueden...more
In Mexico, a customs regime is the destination or treatment for goods subject to customs control in accordance with the nature and purposes of a customs operation. Companies with an IMMEX program may perform operations under...more
In recent years, direct investment from Chinese companies into Mexico has experienced significant growth. This surge is evident in the figures, rising from $38 million in 2011 to $386 million in 2021 and $282 million in 2022....more
An alternative to a "slow boat from China" is an IMMEX in Mexico for manufacturing....more
In recent years, the global spotlight has illuminated the grave concerns surrounding human rights violations within China's Xinjiang region, particularly those impacting the Uyghur population. The Uyghur Forced Labor...more
As we have previously explained in other articles, an IMMEX is a duty deferral program from the Mexican federal government created in 2006, which stands for Industria Manufacturera, Maquiladora y de Servicios de Exportación...more
First, please permit me a little bit of digression as always. As many journalists would state, and have, the world is currently on fire regarding regional conflicts that could spiral into WW3 as continuous movement regarding...more
Manufacturing in China and importing into the U.S. isn't getting any easier. There is a solution.....it's an IMMEX. Manufacturing in Mexico....more
The Trade Act of 1974 grants the President broad powers to manage trade relationships with foreign countries. Section 301 of the act allows the President, acting through the United States Trade Representative (“USTR”), to...more
A large number of companies considering relocating their business abroad have turned their eyes to Mexico, which has become an attractive place for investors to relocate their business, mainly because it is close to the...more