Laws regulating foreign trade in mexico

Solo disponible en BuenasTareas
  • Páginas : 5 (1093 palabras )
  • Descarga(s) : 0
  • Publicado : 23 de noviembre de 2011
Leer documento completo
Vista previa del texto
Laws regulating foreign trade in Mexico

When you think about an international transaction. You think of transportation, tariff, and the legal part of the operation that is known to cause problems in the operation at the end.
When you want to make an international transaction, you must have the full knowledge of the roles that you must play. Since know the formalities, as well as transportand everything that involves the lead that transaction with success.
International trade is the Exchange of goods, products and services between two or more countries. Just as, at the national level, it provides for the purchase or sale for goods, products and services are regulated for legal instance.
What is now true is that the legal aspect is the central part an international transaction. Andas, it is the central part, you must pay particular attention to it, because if it is neglected a little, it can bring too many problems to make the transaction, and in the worst case, you can even go to jail for not complying with the regulations that a transaction of this natural requires.
When you think of importing some goods, immediately you think of the client, where He or She will be,how much it will cost to import such goods from that place. While knowledge of the place of origin is very important because this may be to avoid paying taxes, related to a preference established in the International Treaty. Depending on the place of origin and if that country has a free trade agreement with the nation of destiny.
Knowing the international treaties is a plus for the employer,because it can save a lot of money and even time since if you know them, you may not be obliged to comply with too many formalities as you would with any other nation.
Not knowing the laws regulating foreign trade exposed you to legal problems that can affect the transaction and with these fines and other sanctions. One of the main problems from not knowing the laws regulating foreign trade is thenonpayment, or incorrect payment, of taxes. These taxes are specified in the harmonized system, and are implemented through the tariff classification. Not knowing the general import and export taxes rate makes you vulnerable to the person who is doing an international transaction.
Another of the more common errors is the failure to comply with the non tariff barriers to which the goods in questionare subject. These barriers have as goals to protect the country from any threat to productive sector of the country, or national security or public health. An example of this is when the influenza. Health certificates were applied to al products to prevent further spread of the disease.
The customs law and the law of the foreign trade as well as its general rules are those which are mostresponsible for regulating the entry, and exit of goods to the country.
In the event you do not comply with the laws which regulate foreign trade established in those jurisdictions there are fines laying down the amount of funds that you must pay, fine for the omission of information from the documentation submitted fines for incorrect data, etc.
In its default that the goods are confiscated by theauthorities fit your guard until it is determined that will be with them, may be either the performance of the documentation in the correct form, or that is intended to be part of the State.
One of the most common things that are presented in the foreign trade is price discrimination, which is the introduction of goods to the Mexican territory at a price lower than the price that the merchandiseis sold for domestic consumption in the exporting country.

The laws that regulate all the above-mentioned actions are the following:
* Customs Law and its regulations
* Foreign Trade Act and its regulation
* Federal Law on metrology and standardization
* Laws of the General Tax on Imports and Exports
* Law of the Value Added Tax

Customs Law
Fundamental objective...
tracking img