Mexico Increases Import Duties for Textile and Apparel Imports and Amends the IMMEX Program
By EsqSocial Corporation 27/12/24
On Dec. 19, Mexico announced an increase in tariffs on textiles and apparel imports up to 35%, effective from Dec. 20, 2024, until April 23, 2026, and amends the IMMEX program. The official publication states that the primary objective is to tackle the unfair competition affecting Mexico’s textile and apparel industry. This sector has recently suffered due to the influx of low-priced apparel imports from countries with which Mexico has not signed a Free Trade Agreement....
By: Clark Hill PLC