- MEXICO
MEXICAN GOVERNMENT CANCELS IMMEX FOR 350 COMPANIES
• Mexico’s Secretary of Economy suspended the import activities of 350 companies linked to the steel sector and initiated procedures to cancel their participation in the IMMEX Program after identifying alleged irregularities.
• The measure follows a verification process reviewing companies involved in the manufacturing and commercialization of steel products and compliance with rules of origin for foreign producers exporting to Mexico.
• Authorities reported that 750 firms were initially flagged for potentially irregular operations. Of those, 350 have already been suspended, while the remaining are undergoing information requests.
• The decision reflects the government’s efforts to prevent the misuse of trade facilitation mechanisms, to demonstrate regulatory credibility ahead of the upcoming review of the USMCA.
SOURCE: FORBES
USMCA CONSULTATION RESULTS
• Mexico’s Ministry of Economy presented the results of consultations with nearly 2,900 business leaders and industrial representatives regarding the upcoming review of the USMCA.
• The consultations revealed broad consensus among the private sector that the agreement remains essential for Mexico’s economy, despite growing concerns over certain trade frictions.
• According to Economy Secretary Marcelo Ebrard, Mexican businesses highlighted several priority issues ahead of the trilateral evaluation scheduled for July. These include U.S. tariffs on sectors such as steel and automobiles, stricter interpretations of rules of origin, and what companies describe as asymmetric or excessive use of the rapid response labor mechanism. Businesses also raised concerns about alleged unfair trade practices affecting certain agricultural products.
• The consultation report also identified structural challenges affecting Mexico’s competitiveness, including the persistence of unilateral tariff measures, the costs associated with regulatory compliance, gaps in logistics and energy infrastructure, and pressures linked to technological, labor, and environmental transitions.
SOURCE: EL PAÍS
