Trade Act

Trade Act

1. Article 1. Objective

   • Regulate and promote foreign trade
   • Increase the competitiveness of the economy

2. Article 4. Powers of the law on Foreign Trade

   • Establish measures
   • Coordinate the promotion of foreign trade

3. Article 5. Powers of the ministry of Economic

   • Grant previous permits and assign quotas of export and import

4. Auxiliary Committees

   • Article 6.
     • Commission of foreign trade
   • Article 7.
     • Mixed Commission
   • Article 8.
     • The chair and technical secretariat of both committees

5. DUTY

   • Article 12. Tariff Classification
     • 1. Ad-Valorem 2.Specific 3.Mixed
   • Article 13. Modalities of tariffs
     • 1. Tariff rate quota 2.Seasonal Tariff 3.The other than executive
   • Article 14. Different tariffs
     • Treaties or agreements in wich Mexico is a party

6. Measures of non-tariff regulation and restriction

   • Article 15. Cases in which a rrna is established
     • Export
     • Import
   • Article 17. Fullfillment
     • Compensatory fees, NOMS, Maximum fees, Certifications and certificate of origin