Import tariffs
Great news! Australia and Mexico belong to the newest commercial agreement called Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
The Free Trade Agreement Portal offers a comprehensive information that assist importers and exporters finding the correct product or service category so you can determine the tariffs to be applied when entering to a specific country. In the case of Mexico, the CPTPP offers a considerable tariff reduction. Below is an example of how to use the portal, notice that the original tariff was 30%, now thanks to the CPTPP is 18% and it will continue to decrease to reach 0% by 2027.
There are also another 3 tabs:
Import market: Get to know the size of the imports of the target country and how is being currently satisfied. In the same case, the underwear is being imported from China, Turkey and Spain, while Australia has 0 participation in a 1.7 million industry.
Rules of origin: Your product or service needs to be Australian to comply with the Rules of Origin (ROO). This section offers you a set of questions to determine if your product is or not eligible for this Agreement.
Documentation: In this section you will be redirected to the target country document requirements depending on their own legislations.
Guide to obtaining preferential tariff treatment when exporting and importing goods using CPTPP
This step-by-step guide principally aims to assist Australian exporters and importers to take advantage of preferential tariff treatment under CPTPP. While it does contain information for importers and exporters, this is of a general nature.
Free Trade Agreements
There are currently 15 International Agreements between Australia and the rest of the world. There are 3 FTA for Latin America.
- Australia-Chile Free Trade Agreement (ACIFTA)
- Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
- Peru-Australia Free Trade Agreement (PAFTA)
SOURCES