TRADE ACT

TRADE ACT

1. Art.1

   • It has intended to regulate and promote foreign trade, increase the competitiveness of the national economy, promote the efficient use of the country's productive resources, adequately integrate the Mexican economy with the international

2. Art.4

   • The Executive Federal shall have the following powers
     • • Create, increase, decrease or eliminate tariffs •Regulate, restrict or prohibit the export, import, circulation, or transit of goods, when it deems it urgent • To establish measurements to regulate or to restrict the exportation or import of goods across agreements sent by the Secretary • Establish measures to regulate or restrict the movement or transit of foreign goods by the national territory

3. Art. 5

   • These are powers of the Secretary:
     • To study, to project and to propose to Federal executive tariff modifications; Establish the rules of origin; Grant permissions prior to and assign export quotas and import; Establish the requirements for the marking of country of origin;

4. Art. 6

   • The Committee on trade shall be compulsory consultation of the organ agencies and entities of the Federal public administration This Commission will be responsible for issuing opinion in matters of foreign trade in accordance to what is established in the present Law.

5. Art. 7

   • The Joint Commission for the Promotion of Exports shall assist the Federal Executive in respect to the authority referred to in Part VI of article 4 of this Law. This Commission will be responsible for analysing, evaluating and proposing and conclude actions between the public and private sectors in the field of exports of goods and services to facilitate, promote, diversify and consolidate the trade, as well as the strengthening of the productive national work force.

6. Art. 8

   • The Presidency and the technical secretary of the two commissions will be in charge of the Secretariat. The Federal Executive will determine the dependencies, entities and agencies that integrated each commission and shall regulate its operation.

7. Art. 12

   • Ad-valorem, when expressed in terms of percentage of the customs value of the goods. Specific: when expressed in monetary terms per unit of measure. Mixed :when it is a question of the combination of the previous two.

8. Art. 13

   • • Tariff quote • Season tariff

9. Art. 14

   • There will be able to be established tariffs different from the generals foreseen in the tariffs of the general taxes of exportation and import when this way it is established by agreements or international commercial agreements of which Mexico is a part.

10. Art. 15

    • non-tariff measures of regulation and restriction on the export of goods
      • ensure the supply of products destined to the consumption basic of it population and the supply of materials raw to them producers national or to regulate or control resources natural not renewable of the country. concerned to preserve the fauna and flora at risk or endangered keep the goods of value historical, artistic or archaeological

11. Art. 17

    • Establishment of the measures of regulation and restriction not tariff to the export, import, circulation or transit of goods