Today: December 20, 2024
December 20, 2024
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Textile tariffs, the beginning of a review strategy for Mexico

Textile tariffs, the beginning of a review strategy for Mexico

The Mexican Business Council for Foreign Trade, Investment and Technology (Comce) considered that this decision will not have a negative impact on the industryOn the contrary, it is to give priority to the country’s companies.

Sergio Contreras, executive president of Comce, pointed out that this is the beginning of a strategy to review Mexico’s tariffs, not protectionism.

“A strategy that allows Mexico’s opening to be more controlled.”

Although the Secretary of Economy mentioned that these tariffs are not dedicated to any country, the president of Comce said that it is perfectly known that in China there are a series of tax incentives for companies when they go abroad and they leave at a cost that is not real. , leaving the Mexican industry out of competition.

Data from the Ministry of Economy indicate that the GDP of the textile industry has decreased at an annual rate of 4.8%, which means a loss of 1,229 million pesos in employment.

According to Ebrard, Mexico imports more than it exports in these goods since 2019; the increase in textiles was 0.8% and that of clothing was 12.5%.

Economy figures indicate that in the last year textile imports reached 13,235 million dollars and exports reached 9,277 million.

The country that buys the most from Mexico is China with 4,621 million dollars, 35% of total imports.

With the size of these figures, the Mexican government decided to protect its national textile industry.

They question the measure

The National Council of the Export Manufacturing Industry (index) said that it considers with reservations that the Economy measure is effective.

“While we always support efforts to avoid illicit commercial practices that affect production and job creation in our country, we also appeal to take care of the other side of the coin, which are the exporting companies that require products from the textile-clothing chain”.

Index specified that what Ebrard said, that 48% of the goods imported under the Export Manufacturing and Maquiladora Industry program do not register a return, the difference is due to the fact that, although textiles entered through a defined chapter, as that went through a transformation process, their output is declared with a different fraction than the input.

“We suggest that measures such as those announced today be reviewed in advance and thoroughly with Index in coordination with the Ministry of Economy and the representatives of the textile-clothing chain. This implies – as we are doing with steel and national suppliers – in reviewing tariff fractions and IMMEX programs to define exceptions when textiles are not manufactured in Mexico and are 100% for export.”

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