MEXICO: AGA investigates 300 firms for illegal imports

MEXICO CITY: The General Customs Administration (AGA) is investigating more than 300 companies that allegedly made illegal imports of cloth and other textile industry products. The government hopes to show that these firms make cloth in China and use countries like Hong Kong, Macao and the United States to export them to Mexico under lower tariffs.

Alejandro Dieck, coordinator of advisors to the Secretariat of the Economy said that in August this year a new system would be introduced to complement Valunet, that "could prevent tax fraud and discourage the entry of illegal imports into Mexico." This system would provide warnings to Customs before the goods actually entered the country. He added that the Secretariat of Economy was also planning to reduce certain compensatory tariffs to reduce the incentive to make illegal imports. His would be done with the backing of the business sector, he stressed.

May 13, 2004

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Added: May 13, 2004
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