TRACE ACT

TRACE ACT

1. Objectives

   • Article 1
     • General objectives
       • Regulate and promote on foreign trade, Increase the competitivenes, integrate Mexico in an International framework, Defender of the productive plant of Unfair International Trade Practices.
   • Article 4
     • Powers of the Executive
       • Create, increase, decrease or suppress tariffs, Regulate, restrict or prohibit the export, import, circulation or transit of goods, Conduct international trade negotiations through the Secretariat
   • Article 5
     • Secretary of economy
       • Study, plan tariff changes, process and to process and resolve investigations on safeguard measures, Promote exportations, established rules of origin, Previous permissions, To process and resolve investigations into unfair international trade practices,
   • Article 6 to 8
     • Auxiliary commissions
       • COCEX
         • Shall be responsible for issuing opinions on foreign trade matters in accordance with the provisions of this Law.
       • COMPEX
         • Will be responsible for analyzing, evaluating, proposing and concluding actions between the public and private sectors in the area of exports of goods and services, to facilitate, promote, diversify and consolidate trade, as well as the strengthening of the national production plant.

2. Gathering

   • Article 12
     • Tariff Regulation
       • Ad valorem (Percentage on the customs value)
         • Kind of tariffs
           • Tariff Rate quota
           • Seasonal Tariff
             • This is according to the lack of certain products in the season of the year
           • Excecutive considered
             • Only when necessary
       • specific (Share of the merchandise)
       • Mixto (Percentage on the customs value + share of the merchandise)
   • Article 17
     • Non tariff regulation
       • Certification and permissions
   • Article 15
     • Cases for RRNA
       • Importation
         • When temporarily required to correct imbalances in the balance of payments, To regulate the entry of waste products or waste products that do not have a substantial market in their country of origin or origin;
       • exportation
         • Danger of flora and fauna

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