Mexico is Becoming Major Exporting Power

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Press Release No 160/12
Boca del Río, Veracruz. July 20, 201

Economy Secretary, Bruno Ferrari, was at the LXXIII National Congress of the Confederation of Customs Brokers.

The Federal Government's actions will keep pushing trade facilitation, he said.

At the LXXIII National Congress of the Confederation of Customs Brokers of the Mexican Republic (Nacional de la Confederación de Asociaciones de Agentes Aduanales de la República Mexicana or CAAAREM), Economy Secretary, Bruno Ferrari, said Mexico is on its way to becoming a fully-fledged exporting power.

He said Mexico has initiated a number of measures to boost its economy and become into one of the world's major exporting economies.

He went on to cite the federal government's strategy to further trade facilitation with the introduction of the Foreign Affairs' One-Stop Window, export control regimes, entry into the TPP, and, not least, a frontal attack on customs undervaluation.

Secretary Ferrari spoke of the preferential tariffs with Mexico's prime trade partners but added that federal government policy tends towards the search for new markets and better opportunities for trading home-made goods and services. Every year Mexico issues more than 10 million motions, more than a million import permits and more than 37,000 export permits.

The Secretary mentioned that, since it was rolled out to June 29 this year, the One-Stop Window has registered 55,000 users from a universe of 60,000.

The program has streamlined 165 procedures and 12 types of information and cut paperwork by 90 percent and customs inspections by more than 10 percent.

Joined by Alfonso Rojas, President of the CAAAREM, Mr. Ferrari said Mexican made goods have been among the most dynamic in international trade over the last decade and represent almost 40 percent of total manufactured goods.

He added that, according to the OECD, Mexican technology-intensive exports have grown by more than 10 percent in the last ten years, outpacing the average growth rate of other member countries and placing 9th out of 15 with highest high-tech export growth above Russia and France, among others.

In 2011, 56 percent of all Mexico's exports were tech-related turning the country into a major export platform for electronics, automotive and auto parts, and aerospace.

The Secretary is confident that the coordinated efforts of federal government agencies and the support of customs agents, the new Mexican Export Control System and the regulation of goods production, will open the door to business opportunities and further boost the country's investment and exporting power.

Mr. Ferrari said customs undervaluation is a worldwide phenomenon and in Mexico affects specific goods including footwear, textiles and clothing.

Fighting undervaluation effectively is only achieved by a concerted effort between the business sector and federal government, he said, adding that public-private sector task forces with a highly consensual agenda were already making progress with actions including a pricing alert mechanism.

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