On September 21, 2017 the Ministry of Economy published in the Diario Oficial de la Federación (Federal Official Gazette) an Administrative Regulation (Acuerdo) that modifies the one that prohibits the exportation or importation of diverse goods to the indicated countries, entities and persons.
By means of this publication, the name of the administrative regulation is amended to change the term “prohibit” for the term “restrict“, in order to harmonize the terminology used in the rest of the Mexican legal framework, and since a prohibition refers to a total impediment and is not applicable only to a determined country, entity or individual.
Additionally, the list of restricted goods for importation or exportation to the Democratic People’s Republic of Korea is restricted is extended, in order to implement internally Resolutions 2087 (2013), 2094 (2013), 2270 (2016), 2321 (2017), 2356 (2017) and 2371 (2017) of the United Nations Security Council.
It is important to mention that this list includes different types of goods, and not only military products and is, therefore, the most comprehensive among the lists of embargoes implemented by Mexico.
The full text of the amendment can be found here.
For additional information, please contact the author, José Hoyos Robles or any member of Baker McKenzie’s Mexican International Commercial team with whom you normally work.