Ease of access to markets

Mexico is ranked 60th out of a possible 190 economies on the World Bank’s ease of doing business scorecard, well above the Latin America and Caribbean average of 116. Mexico outperforms Latin America and the Caribbean in almost all categories. That said, getting electricity is slightly harder in Mexico given the complex nature of the process. For example, firms must submit applications, obtain certificates and inspections from the Comisión Federal de Electricidad (CFE) – the state-owned electric utility – before a contractor can carry out the works.

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Mexico has more Free Trade Agreements (FTAs) than any other country in the world – which makes it a strong exporter to countries around the globe. More than 50 countries are partnered with Mexico in global agreements that reduce barriers to trade, which encourages the transit of goods and services worldwide. In fact, with 14 FTAs, Mexico has access to over 60% of the world’s gross domestic product

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Work in progress

As part of the commitments acquired by Mexico upon ratifying the AFC, is the creation of a National Committee for Trade Facilitation or the designation of an existing mechanism to facilitate internal coordination and the application of the provisions of the AFC (Article 23). On January 22, 2021, the "Agreement creating, on a permanent basis, the National Committee for Trade Facilitation" was published in the Official Gazette of the Federation.

 

The purpose of facilitating foreign trade is to eliminate unnecessary procedures, Procedures and requirements that are inefficient, which translates into reduced commercial costs and the simplification of administrative procedures. In Mexico, in order to facilitate the foreign trade, the implementation of the following actions is proposed:

I. General

Accountability by operators

Reduce the current regulatory framework

Effective and efficient control by customs and foreign trade authorities

Capture of public income.

Compliance with deadlines must be reciprocal

Respect and comply with the principle of good faith

II. Non-tariff regulations and restrictions

Simplification of procedures.

Previous permits and automatic notices

Compliance with Official Mexican Standards

Adopt an agile validation or accreditation mechanism for imports of goods subject to security regulations that will not be marketed

III. Process Automation

Take advantage of existing technology platforms

Allow the taxpayer to download the DataStage from the SAT applications

Allow Merchandise Transfer Certificates ("CTM") to be made electronically

IV. Authori-zations and records

Reduce the volume of imports as a requirement to access the registry

Eliminate duplication
in the request for documents.

Expedited reinstatement

Facilitation of customs clearance for MSMEs

Update formats and mechanisms for applying the scheme.

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Members agree to maintain until today the current practice of

not imposing customs duties

on electronic transmissions.