According to information released by the parliamentary body, the first modifies various tariff sections of the General Import and Export Tax Law, in order to ensure and encourage Mexican growth to translate into a solid, diversified, sovereign, and socially inclusive national industrialization, thus responding to the National Development Plan.

It proposes establishing import taxes on various goods from the automotive, textile, clothing, plastic, steel, household appliance, aluminum, toy, furniture, footwear, leather goods, paper and cardboard, motorcycles, trailers, and glass industries.

The initiative aims for actions that allow for balanced market interaction to avoid economic distortions that could affect the relocation of strategic production sectors, as well as the attraction of new companies and high-value-added industries.

In the document, sent to the Commission on Economy, Trade, and Competitiveness, President Claudia Sheinbaum explains that, by updating and establishing tariffs, Mexico will be able to incentivize the domestic production of intermediate and final goods in strategic sectors, including transportation and mobility, high technology, semiconductors, medical equipment, pharmaceuticals, and aerospace.

Furthermore, the Latin American nation will be able to reduce its dependence on certain imported inputs, ensuring that Mexican industry increases its capacity for productive integration and added value.

It also aims to protect jobs and strengthen the labor market; guarantee fair competitive conditions for local producers in the face of unfair practices and external subsidy policies; and align tariff policy with a vision of sustainable and regional development.

jdt/All/LAS