Mexico Increases Import Tariffs For Non-Free Trade Agreement Countries

Mexico increases import tariffs for non-Free Trade Agreement countries

México aumenta los aranceles a la importación de países con los que no tiene celebrados Tratados de Libre Comercio

The August 15, 2023 Mexican Federal Official Gazette contains a Presidential Decree (the Decree) that for the following two years -August 16, 2023 through July 31, 2025-, increases import duties in the range of 5% to 25% to non-Free Trade Agreement countries' goods (Mexico has Free Trade Agreements with 50 countries, including most of its largest trading partners).

The Decree covers 392 tariff lines dealing with a variety of goods, including steel and aluminum, autoparts, chemicals, glass, electric material, among others. Over half of such tariff lines (219 of the 392) pertain to steel and steel products.