In
recent posts, we have informed what does IMMEX stands for, and
how a company may benefit from said trade facilitation program
established by the Mexican government. As we have explained, IMMEX
covers final products manufactured in Mexico that are directly
exported, or delivered to other IMMEX companies or Original
Equipment Manufacturers (OEM) that incorporate them to their own
exports.
In this post, we will address other trade facilitation
alternatives established by the Mexican government, from which
companies that manufacture in Mexico may benefit when importing
machinery, equipment and raw materials destined to their
manufacturing processes.
PROSEC
PROSEC is the Spanish acronym for "Programa de
Promoción Sectorial" (Sectorial Promotion Program).
Such program establishes that authorized companies that manufacture
goods for a certain productive sector (say, for textile, steel,
mining, and automotive sectors; more detail below), are able to
import goods
