Expeditors International Of Washington, Inc. · NYSE:EXPD
Expeditors International Of Washington — Expeditors Mexico Customs Webinar (September 2024)
21 slides from Expeditors International Of Washington's conference presentation, September 2024
Slide 1: Mexico Customs 2024 Industry Impacts
MEXICO CUSTOMS 2024 INDUSTRY IMPACTS
Slide 2: Before We Start
BEFORE WE START 1 2 3 4 Webinar Submit How do I This Webinar questions receive the 45 Min in the Q&A slides? will be recorded window After the webinar, you Q&A to follow will be emailed a We will answer short survey – upon them at the completion, you will be end of the routed to a landing page where
Slide 3: Introductions
3 INTRODUCTIONS David Sanchez Barbara Morales Regional Customs and Mexico Regional Trade Compliance Manager, Customs Manager – México X Renee Espino Director of Sales - Mexico and U.S. Southern Border Property of Expeditors International of Washington, Inc. and its subsidiaries. Reproduction by writ
Slide 4: Agenda
AGENDA 4 AGENDA Mexico Customs • Importer of Record • Import Requirements • Mexican Customs Broker • Mexican HTS & Customs Declaration Remediation Practices • Decree 544 HTS Codes • Join Statement US Mexico Steel Highlights • Definitive Imports • Automatic Import Notice • Section 232 • Temporary Imp
Slide 5: Importer of Record
5 IMPORTER OF RECORD IOR Requirements: • MX Entity or resident (Individual or Corporation). • RFC – TAX ID. • Imports License. • Responsible for duties, taxes and other customs fees payment. • Customs Broker set up • Recordkeeping 5 years Property of Expeditors International of Washington, Inc. and
Slide 6: Import Requirements
6 IMPORT REQUIREMENTS PROOF OF COMPLIANCE DOCUMENTS CERTIFICATE OF ORIGIN o Non-Tariff Barriers COMMERCIAL INVOICE o Serial number o NOMs BILL OF LADING /AWB o Model number Note: Spanish, English or French Property of Expeditors International of Washington, Inc. and its subsidiaries. Reproduction by
Slide 7: Mexican Customs Broker
7 MEXICAN CUSTOMS BROKER LIABLE FOR THE DECLARATION INFORMATION • HTS • Quantity • Country of Origin • Compliance with nontariff barriers and labeling & quality requirements (NOMs) COMPLIANCE INSPECTION ‘PREVIO” • “Previo” takes place in the US Forwarder or Fiscal Warehouse. • Labeling, US Export Ce
Slide 8: Mexican HTS
MEXICAN HTS 8 DETERMINES o Admissibility (Nontariff barrier, NOMs) o Duty rate, FTA’s, anti-dumping - (0% to 35%) o 8 digits code + 2 o MX Rulings o Classification discrepancies o USMCA Property of Expeditors International of Washington, Inc. and its subsidiaries. Reproduction by written authorizati
Slide 9: Customs Declaration
9 • Formal Entry: CUSTOMS Pedimento / Remesa o MX Customs Broker or “Legal Representative” (Self DECLARATION o Filer) Imports License o Fiscal Form: Duties, Taxes and other customs fees declaration • All entries require a MX Importer/Exporter of Record or MX sponsor Property of Expeditors Internatio
Slide 10: Remediation Practices: Decree HTS Codes
10 REMEDIATION PRACTICES DECREE 544 HTS CODES DECREE 544 HTS CODES ENFORCED ON APRIL 23, 2024; AND WILL BE April 22 ,2024 VALID FOR 2 YEARS. 544 HTS codes Import duties from 5 up to 50% Steel, aluminum, textiles, apparel, footwear, wood, plastic and its manufactures, paper, cardboard, ceramic produc
Slide 11: HTS Graphic
HTS GRAPHIC 11 45.0% 41.5% 40.0% 35.0% 41.5% IRON AND STEEL ARTICLES 30.0% 25.0% 20.0% 15.0% 14.2% 10.0% 8.3% 4.8% 4.4% 5.0% 3.9% 2.0% 2.4% 2.4% 1.8% 2.2% 2.0% 1.5% 0.0% Percentage Organic and inorganic Chemicals Plastic Paper and paperboard Textiles and articles Footwear Ceramic products Glass and
Slide 12: Remediation Practices: Joint Statement US - Mexico
12 REMEDIATION PRACTICES JOINT STATEMENT US - MEXICO ▪ July 10,2024 ▪ Protect the North América Steel and aluminum market. ▪ Prevent Tariff evasion. ▪ Identification of the origin . ▪ Tariff increase from non-free trade agreements countries. • Section 232 © Expeditors International of Washington Inc
Slide 13: Steel Highlights: Definitive Imports
13 STEEL HIGHLIGHTS DEFINITIVE IMPORTS ▪ Definitive import (consumption) ▪ Import duties increase ▪ FTA ▪ CVD ▪ Automatic Import Notice © Expeditors International of Washington Inc. All rights reserved.
Slide 14: Steel Highlights: Automatic Import Notice
14 STEEL HIGHLIGHTS AUTOMATIC IMPORT NOTICE Obtained Per Mill or through quality the Single Per HTS Per country Per Unit Window code of origin price certificate (Ventanilla (MTR, Unica) MTC) © Expeditors International of Washington Inc. All rights reserved.
Slide 15: Steel Highlights: Automatic Import Notice
15 STEEL HIGHLIGHTS AUTOMATIC IMPORT NOTICE April 15, 2024, Modification to the Rules and Criteria of the SW Steel Products Importers Registry (Published on SNICE) Section 232 © Expeditors International of Washington Inc. All rights reserved.
Slide 16: Steel Highlights: Automatic Import Notice
16 STEEL HIGHLIGHTS AUTOMATIC IMPORT NOTICE Section 232 of the Trade Expansion Act of 1962 of April 15, 2024 the United States of America Steel Products 72 HTS codes from Section Importers Registry 232 © Expeditors International of Washington Inc. All rights reserved.
Slide 17: Steel Highlights: Temporary Import
17 STEEL HIGHLIGHTS AUTOMATIC IMPORT NOTICE ▪ Temporary Import o IMMEX program (Annex II B, sensitive goods). o VAT certification © Expeditors International of Washington Inc. All rights reserved.
Slide 18: Industry Specific Impact: Countervailing Duties
18 INDUSTRY SPECIFIC IMPACT COUNTERVAILING DUTIES CVD STEEL AND STEEL ARTICLES CVD PVC SBS PET o Welded steel link chains o PVC o Steel grinding balls o Styrene-Butadiene-Styrene (SBS) o Carbon and alloy steel pipes and tubes with o Polyethylene Terephthalate (PET) longitudinal seams of circular, sq
Slide 19: Southern Border & Mexico
SOUTHERN BORDER & MEXICO 19 Mexicali Tijuana Nogales AZ El Paso Opened first office in Ensenada Nogales Juarez City Mexico in 1995 Sonora Piedras Negras 17 Branches Laredo, TX 9 Agents Nuevo Laredo Colombia McAllen Ramos Arizpe Reynosa 27 Mexican Entry Ports Monterrey Matamoros San Luis Potosi Altam
Slide 20: Horizon Brief
20 HORIZON BRIEF Timely, carefully curated industry-leading information on topics ranging from compliance and logistics to supply chains. Scan the following QR Code: Property of Expeditors International of Washington, Inc. and its subsidiaries. Reproduction by written authorization only.
Slide 21: Expeditors
Expeditors YOU'D BE SURPRISED HOW FAR WE’LL GO FOR YOU.® EXPEDITORS.COM
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