TRADE ACT

TRADE ACT

1. ART 1

   • The purpose of this Law is to regulate and promote foreign trade, increase the Competitiveness of the national economy

2. ART 2

   • The provisions of this Law are of public order and of application throughout the Republic, without prejudice to the provisions of the international treaties or conventions of which Mexico Be part

3. ART 4

   • Create, increase, reduce or eliminate tariffs, by means of decrees published in the Official Gazette Of the Federation

4. ART 5

   • Secretaría de Economía
     • Study, design and propose to the Federal Executive tariff changes
     • Study, design, establish and modify measures of non-tariff regulation and restriction to the Export, import

5. ART 6

   • This Commission will be responsible for issuing Opinion on foreign trade matters in accordance with the provisions of this Law

6. ART 7

   • The establishment of non-tariff measures and Export, import, movement or transit of goods