The Reduction Of Part Of Mexico'S Commodity Import Tax On Textile Garments And Footwear Next Year

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"P > a href=" //www.sjfzxm.com/news/index_p.asp "> Mexico < /a > related reports. Next year, the Ministry of economic affairs of Mexico will reduce import tariffs on some textiles, clothing and footwear products.

Guajardo, Minister of the Ministry of economic affairs of Mexico, said that the Ministry of economic affairs is conducting an assessment with the relevant business circles about whether or not to reduce taxes. Because these "sensitive" industrial sectors are negotiating the p Pacific strategic partnership agreement, it is not the right time to cut taxes.

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Less than P, the federal government of Mexico has cut import tariffs on some products every year since 2009, because the government believes that Mexico's import tariffs are higher than those of the competitive countries.

In 2014, there were 81 textile products and garment products with tax numbers, 13 tax numbers < a href= "//www.sjfzxm.com/news/index_x.asp" > footwear > /a > products, 94 tax products or tax cuts.

In December 31, 2012, the incumbent government decided to postpone the January 1, 2013 tax cuts that the incoming government has already made.

A few months ago, the Ministry of economic affairs began to assess the tax cuts, and concluded that some products could continue to cut taxes, but some should not continue.

Minister Guajardo said the tax cuts have been put on the agenda of the government and industrial sectors. Any decision will be passed first by the Foreign Trade Committee and published in the federal official newspaper this year.

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< p > according to industry information, the tax reduction process for agricultural products will continue. These products include potatoes, meat, poultry leftover materials, fructose, glucose, coffee extracts, beans, cheese, Turkey, dairy products, coffee, milk powder, fish and seafood, duck and goose and leftover materials, rice, cocoa, fresh grapes and other products.

The average import duty of agricultural products will be reduced from 18.9% to 17.4% in 2014. The import tax on meat and leftover materials of potatoes and poultry products will be 150%, and the import tax of these products will be reduced to 75% by 2017.

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< p > the products of the 94 tax numbers in industrial products will continue to reduce taxes and reduce the average import tax to 4.1%. However, the quantity of "a" href= "//www.sjfzxm.com/news/index_q.asp" > tax reduction < /a > has not been determined yet.

In this regard, the industry asked the government not to cut taxes next year. They think this will enable a series of structural reforms adopted this year and some new trade agreements signed.

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