Derived from the announcement published by the SE on July 9, 2015 where various measures are announced to confront unfair trade in the steel industry, on October 7, 2015 the SE published in the DOF the decree by which It increased the Most Favored Nation (MFN) tariff to 15% for 97 tariff items applicable to various steel products.
Now, on April 4, 2016, the SE published in the DOF a decree by which the increase in said aforementioned tariffs is extended, as well as the extension of the exemption from the payment of the steel input tariff in 11 tariff fractions of the Sector Promotion Program (PROSEC).
From the above, and through the Decree published today, companies that import steel supplies listed in the 97 tariff fractions of chapter 72 of the TIGIE published by the SE will have to continue applying 15%, for 180 days. natural from October 8. However, importers that have PROSEC may exempt said duty in the following sections 7208.39.01, 7208.51.01, 7211.29.02, 7225.19.99, 7208.26.01, 7208.27.01, 7209.16.01, 7209.17.01, 7211.29. 02, 7225.30.99, and 7225.40.01
Source: http://www.dof.gob.mx/nota_detalle.php?codigo=5455988&fecha=07/10/2016
The competitiveness of Mexican export products would not be affected by the proposal to modify NAFTA, since if this happens, the country could be competitive in various sectors if its tariffs are adjusted.
The rates charged by the United States to countries with which it does not have a treaty range from 1.7 to 7.5 percent and the global rate is 4 percent on average, said Enrique Zavala, director general of the National Association of Importers and Exporters of the Mexican Republic.
The low increase in tariffs and the higher value of the dollar against the peso, would help to circumvent a trade restriction, explained Manuel Valencia, director of the International Business career at Tec de Monterrey.
ATTENTION
However, some sectors such as the automotive industry should be vigilant because without NAFTA tariffs of up to 25 percent would be charged on finished products, said Beatriz Leycegui, partner in Foreign Trade at Grupo SAI Consultores.
In other sectors such as agriculture, there would not be a high tariff, but since the profit margins are so low "even if it is a small percentage, it does lose competitiveness and have an impact, in case the United States denounces NAFTA" Leycegui warned.
The expert said that NAFTA has strengthened regional production, so ending this treaty would go against the trend of competing for blocks at the global level.
TARIFF ON CARS
Among the Trump proposals that have resonated the most are placing a 35 percent tariff on cars that are exported from Mexico to the United States.
However, in the framework of the World Trade Organization (WTO), Donald Trump would not have the power to materialize the plan.
"To do this, it would have to leave the WTO, which is unthinkable given the interests of the United States," explained De la Calle.
The other way would be to carry out a countervailing duty investigation for Mexico, but it should meet several characteristics: that there is dumping, that there is injury and that more than 50 percent of that industry agrees with the investigation, the specialist explained.
Manuel Díaz, president of Ei and former president of the Mexican Institute of Foreign Trade Executives (IMECE), considered that Trump's proposal to end NAFTA and bring production back to the United States, obeys a political discourse to obtain votes.
In practice, placing high tariffs would generate inflation in the United States market.
If tariffs of 35 percent were placed, the prices of products in the sector would rise 25 percent on average, in addition it would be affecting companies with US capital that have taken advantage of the NAFTA clauses to produce in Mexico and sell the finished products in that country, Díaz said.
http://www.elfinanciero.com.mx/economia/aun-sin-el-tlcan-lo-productos-mexicanos-serian-competitivos.html
The United Kingdom leaves the European Union and Mexico is affected more than any other country in the region
Globalization and interdependence between nations have caused any event or event of relevance in one country to have a greater or lesser impact on another country that has bilateral agreements or relations with the former. The departure of the United Kingdom from the European Union has turned the world upside down, where many countries will be affected by this decision, including Mexico.
This move affects Mexico like no other country in the region, due to its emerging market and the risks it implies.
Although Mexico's economic exposure to the United Kingdom is much lower, because it represents a tiny part of the country's international trade, what really affects is the influence that Brexit will generate, where the price of the shares of the Mexican Stock Exchange will be affected based on supply and demand. As long as Mexico continues to be a country dependent on foreign investment, the effects of this kind of phenomenon will be very harmful to its economy.
Source: http://noticias.universia.net.mx/cultura/noticia/2016/07/05/1141465/como-afecta-brexit-mexico.html
The presidents of Argentina, Mauricio Macri, and of Brazil, Michel Temer, reiterated their threat to suspend Venezuela from Mercosur if the government of Nicolás Maduro does not comply with a series of requirements.
Last month, the commercial bloc gave Maduro an ultimatum to comply with the obligations assumed in its accession protocol and which implies the incorporation of essential regulations into its national legislation.
Last month, the commercial bloc gave Maduro an ultimatum to comply with the obligations assumed in its accession protocol and which implies the incorporation of essential regulations into its national legislation.
Source: http://www.publimetro.com.mx/noticias/reiteraran-amenaza-de-suspender-a-venezuela-del-mercosur/mpjc!YJLCgDtxvhxoU/
It is the system through which the SAT will control and monitor the balances of non-returned temporary imports subject to the benefit of the certification and guarantees scheme, allowing the SAT to keep a statement of account per taxpayer of their credits and guarantees (active and inactive) .
The SCCCyG, will determine terms of the return law of temporary imports based on the type of merchandise (fraction), customs regime, will monitor the return times of temporary imports as well as update and control the balances of credits and guarantees based on entries and departures.
The system determines the balances of credits and guarantees based on a mechanism of charges and discharges associated with each tariff item imported with:
The balances reflected within the Credit and Guarantee Account Control System do not imply a final resolution, excluding the authority's powers of verification.
In the case of taxpayers who introduce goods to the tax warehouse to undergo the process of assembly and manufacture of vehicles, they must operate with the guidelines issued for such purposes by the Tax Administration Service.
Source: http://www.sat.gob.mx/comext/certificacion_exportadoras/Paginas/SCCCyG.aspx
