Tariffs To Protect The Mexican Textile Industry: Changes To The LIGIE And IMMEX Decree

On December 19, 2024, President Claudia Sheinbaum signed a Decree modifying the Tariff of the Law of General Import and Export Taxes and the Decree for the Promotion of the Manufacturing, Maquiladora and Export Services Industry (IMMEX), which increase the Learn more about its implications here.

Objectives of the decree to protect the Mexican textile industry

The modifications included in the Decree have the following objectives:

• To encourage the development of the national industry and promote fair market conditions.
• To protect the mexican textile industry, preventing companies from abusing current IMMEX provisions, according to the Secretary of Economy, Marcelo Ebrard.