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On April 29, 2016, the Diario Oficial de la Federacion (the Official Gazette) published the Presidential Decree promulgating the Additional Protocol to the Framework Agreement of the Pacific Alliance, signed in Cartagena de Indias, DT and C., Republic of Colombia, on 10 February 2014 and the Ministry of Economy Acuerdo announcing the applicable rate of the general import tax for goods originating in the countries that form the region of the Pacific Alliance. The Additional Protocol to the Framework Agreement of the Pacific Alliance, signed in Cartagena de Indias, Colombia on February 10, 2014 (the Additional Protocol), was approved by the Mexican Senate on 14 December 2015 according to decree published on 15 January 2016 in the Official Gazette. The Presidential Decree sets forth the full Additional Protocol and all its provisions, including origin criteria, tariff and non-tariff measures, customs procedures, SPS, TBT, procurement, cross border services, investment, e-commerce, telecoms, transparency, dispute settlement, exceptions, etc. In addition, the Additional Protocol provides preferential tariff rates for imports of goods originating in Pacific Alliance countries (Colombia, Chile, Mexico and Peru), in accordance with its Schedule of Tariff Elimination set out in Annex 3.4, as well as rules of origin and other specific mechanisms for defining such goods. The Ministry of Economy Acuerdo provides the applicable rates for goods originating in Colombia, Chile and Peru that are imported into Mexico. Also on April 29, 2016, the Ministry of Finance and Public Credit (Hacienda) published in the Diario Oficial the Resolution establishing the general rules concerning the application of customs provisions of the Additional Protocol to the Framework Agreement of the Pacific Alliance and its Annex which sets forth the certification, transshipment, recordkeeping, advance rulings, and verification requirements and procedures for goods originating in the Pacific Alliance countries. The Additional Protocol enters into force on May 1, 2016 for trade between the Parties |
