As you may recall, on January 6th, the Mexican Government published a new list of apparel and textile goods with “estimated prices.” This is the minimum price at which the goods may be imported into Mexico, as the Mexican Government considers importing with a lower value to be considered an “undervaluation.” The measure will enter into force on January 18, 2016. The list is available in Spanish here.
USFIA’s Premier Partner PwC’s Customs & International Trade Services in Mexico has provided an update on this amendment. They write that recent amendments result in the expansion of products covered under Annex 3 and Annex 4 of the Resolution that established the requirement to post monetary guarantees for imports subject to minimum prices by Mexico’s Ministry of Finance. The full update is available for download here.
If you have further questions, we encourage you to contact PwC via the contact information on the second page of the update.