This article is written by Austin Garcia
Mexico’s Evolving Trade Regulations: A Guide for Businesses
Mexico’s trade landscape is undergoing a significant transformation. Specifically, in October 2024, the Mexican government published the Second Resolution of Amendments to its Foreign Trade General Rules. These updates, therefore, aim to enhance compliance, streamline processes, and bolster Mexico’s competitiveness in global trade. The changes are particularly important for certified companies and those operating under the IMMEX program.
Mandatory Automated Inventory Systems
A key change, for example, is the new requirement for certified companies to implement automated inventory control systems. These systems must electronically submit inventory details within 48 hours of import or export operations. Furthermore, they must adhere to the new Section C of Annex 24, which outlines the minimum information that must be captured. This move consequently enhances transparency and allows for better tracking of goods. In addition, certified companies are now required to give customs authorities online access to these systems, including providing login credentials.
Streamlined Customs Procedures
The amendments also introduce streamlined legal forms for import declarations, which are intended to facilitate faster customs clearance for businesses using courier and parcel delivery services. These changes, which took effect on January 1, 2025, were designed to reduce bottlenecks and improve overall import efficiency.
Updates for IMMEX Companies
IMMEX (In-Mexico Manufacturing) companies are also directly affected. As a result, as of October 15, 2024, these companies must comply with the new inventory control regulations. This includes maintaining detailed records and meeting updated submission deadlines to enhance the monitoring of goods within the program.
A Commitment to Global Standards
These amendments, therefore, signal Mexico’s commitment to aligning its trade regulations with global standards. By mandating automated systems and simplifying procedural forms, the government seeks to reduce administrative burdens. This, in turn, facilitates the flow of goods and solidifies Mexico’s position as a key player in the global trade arena.
How to Adapt and Stay Competitive
In this evolving landscape, it is crucial for businesses operating in Mexico to stay informed and adapt quickly to remain compliant and competitive. Companies should review their existing systems and procedures to ensure they meet the new requirements, particularly regarding automated inventory control and data submission.11 Consulting with trade experts can thus help businesses navigate these new regulations and maintain efficient, compliant, and cost-effective cross-border operations.12
