HSBC Doing business in Mexico

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Trade
The General Customs
Administration is the authority
in charge of enforcing the laws
regulating customs clearances,
as well as determining customs
systems, methods, and
procedures; it also takes part
in the study and development
of projects related to duties,
countervailing duties, and other
foreign trade regulation and
restriction measures; complies
with agreements; orders and
carries out the verification of
foreign trade merchandise
in transport; handles intransit
verification of foreign
vehicles; establishes taxes on
foreign trade and other taxes
in accordance with the Law
Importation and Exportation
Law and other ordinances,
as well as the customs value
of merchandise based on
the Customs Law (CL); and
determines the nature, state,
origin, and other characteristics
of merchandise, in order to
establish tariff classifications.
Mexico’s anti-trust law prohibits
monopolies and certain
horizontal restrictive practices
deemed to be ‘absolute
monopolistic practices’.
Price fixing, restrictions on
production and distribution
market sharing and concerted
bidding in public tenders are
strictly prohibited.
The law also prohibits the
following practices by firms
that have substantial power
in the market place and that
restrain or attempt to restrain
competition: vertical market
sharing; restriction on resales;
tie-ins; exclusivity contracts;
refusal to deal; boycotts; and
certain other practices.