US EditionMexico Redefines Finished Footwear Imports
30 Articles
30 Articles
The price of your next tennis, shoes or heels could rise up to 15 percent in the coming weeks. It is not a new tariff, but a change in the rules that closed the door to the import of finished footwear through the IMMEX program.The decree, published on August 28 in the Official Journal of the Federation, prohibits companies from importing shoes already ready for sale under the temporary import scheme, which was designed for raw materials and semi…
La Nación, Grupo Nación
udgtvMexico City. The Mexican government announced Thursday the elimination of a temporary trade regime that allowed for the duty-free importation of finished footwear, which has reduced production and employment in the sector according to President Claudia Sheinbaum.The decision is the most recent in a series that the government has implemented to protect the domestic industry from the competition posed by tax-free imports from large global producer…
Mexico redefines finished footwear imports
The Mexican Government of President Claudia Sheinbaum suspended all finished footwear imports temporarily to boost the domestic industry. The measure, published in the Official Gazette on Thursday, also tackles smuggling, it was explained.
The decision seeks to reverse the negative trend that has affected the sector, which recorded a decrease of 12.8 for feeling in its activity between 2019 and 2024.
The Secretary of Economy, Marcelo Ebrard, announced this Thursday that it will no longer be possible to import finished shoes in Mexico. The measure, already published in the Official Journal of the Federation, aims to protect the national shoe manufacturing industry, which has fallen by 12.8% because this garment already finished under the “temporary import” regime arrives in the country and therefore does not pay VAT, but that finally ends up …
The Federal Government published in the Diario Oficial de la Federación (DOF) the decree to stop the temporary importation of footwear, because the program has been found to be misused to allow the definitive entry of products without the payment of tariffs and taxes. The regime of the Manufacturing, Maquiladora and Export Services Industry (IMMEX) allowed temporarily imported goods to remain in the national territory in order to complete their …
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