ANNOUNCED AS TEMPORARYNo
On December 24, 2008, the Mexican Ministry of Economy published a decree that unilaterally reduces or eliminates the Most Favored Nation (MFN) import duties applicable to 8,357 tariff codes of the Mexican Harmonized System.
This reduction or elimination of MFN import tariffs constitutes the most ambitious unilateral reform undertaken during the last 20 years. The reform will affect 69% of the 12,119 tariff codes that integrate the Mexican Harmonized System. Excluding agricultural products classified under Chapters 1 through 24 of the Harmonized System (HS), the unilateral liberalization applies to 70 of the 73 HS Chapters relating to industrial products.
During 2007, Mexican imports of products subject to the liberalization amounted to 141 billion dollars: 50% of Mexican total imports in that year.
The unilateral liberalization will take place in 5 stages, starting on January 1, 2009 and concluding on January 1, 2013. This measure will reduce the Mexican average industrial tariff from 10.4% in 2008 to 4.3% in 2013, as follows:
On February 9, 2010, the Mexican Ministry of Economy published a decree that
delays the elimination or reduction of the MFN import duties applicable to products classified under 319 tariff codes of the Mexican Harmonized System.
In particular, this latest decree:
On December 31, 2012, the Government of Mexico announced that the tariff reduction established on December 24, 2008 applicable to certain apparel and footwear items will enter into force on January 1st 2014, rather than in January 1st 2013, as it was originally scheduled.
In 2014, a decree of 29 August on footwear and one of 26 December on apparel postponed the inception dates for the reduced tariff to 31 January 2019 (see Related Measures).