TRADE ACT

TRADE ACT

1. ARTICLE 1

   • OBJECTIVES
     • Promote foreign trade
     • Increase the competitiveness of the national economy
     • Integrate Mexico with the international economy
     • Defender the production plan

2. ARTICLE 4

   • EXECUTIVE FACULTATIES
     • Create, increase, decrease or suppress tariffs
     • Regulate, restrict or prohibit the export, importation when it deems it urgent

3. ARTICLES 6-8

   • COMMISIONS
     • Comisión de Comercio Exterior
     • Comisión Mixta para la Promoción de las Exportaciones

4. ARTICLE 13

   • TYPES OF TARIFFS
     • AD-VALOREM
       • Percentage of the customs value
     • SPECIFIC
       • Expressed in monetary terms
     • MIXED
       • A combination with the previous ones.

5. ARTICLE 13

   • MODALITIES OF TARIFFS
     • Tarrif rate quota
       • Certain amount of the value of the goods
     • Seasonal Tariff
       • Different tariff levels in different times
     • The others that the Executive promotes

6. ARTICLE 17

   • Non-Tariff Regulations and Restrictions
     • Must be complied with in accordance with the applicable regulations.

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