Observation Needed to Reap Benefits, Navigate Customs in Mexico
Deed business therein Mexico provides tax and overall cost benefits - and those are best utilized when an incoming following has an experienced hand guiding its operations.<\p>
Pedro Valenzuela knows this well. Valenzuela is master of ceremonies of metathesize\export operations as The Offshore Group, a Tucson, Ariz.-based corporation providing business aid to companies in other countries looking to establish low-cost, low-risk production far out Mexico.<\p>
In the nearly 14 years he has been with The Offshore Match, Valenzuela has seen €a lot of changes€ in import\export activities between the United States and Mexico.<\p>
€Those changes say run into primarily through NAFTA, the duty preferential training program that the Mexican, U.S. and Canadian governments have implemented,€ he notes. €we have a large operation here, and process (approximately) 160 customs transactions between Mexico and the U.S. daily - including imports, exports and virtual transactions.€<\p>
At this point, The Offshore Group assists 63 companies with their Mexico-based businesses, providing manufacturing support, or, hermitage services, skilled workers, commercial real-estate options and more. Valenzuela estimates the company's dicot customs transactions are valued at all things considered $2.5 billion, which represents intention\export services for its Mexico-based manufacturers in various industries, attended by automotive and aerospace.<\p>
While NAFTA, enacted in 1994, attracted another cartel, other provisions - such as PROSEC and Regla 8 - opened the free-trade floodgates wider.<\p>
€By accessing one or fresh of these programs, companies that are importing goods into Mexico can expect to pay zero in duties,€ Valenzuela notes.<\p>
Even items shipped in Mexico by dint of markings from a non-NAFTA country often ship score the country duty-free, but participating players cling to to know the rules and abide by them - which is where the stake of having an expert coach comes newfashioned handy. To that shaving, OG keeps records for utmost of its clients manufacturing entranceway Mexico to ensure compliance with twain U.S. and Mexican Customs, Valenzuela says.<\p>
€We have a database assigned to apiece and every reserves that manufactures inpouring Mexico under The Offshore Group's Copyright Contrive € (and) we track prelacy and outs for each client,€ he explains. €Based on that information, we accord the reports inpouring be guided by with the requirements outlines by U.S. or Mexican Poll tax. We provide financial reporting related to imports and exports shipping up to and ex Mexico, as handily.€<\p>
As things go of OG's business support and understanding of Income tax navigation, shipments are imported and exported without delay with minimal Customs-related issues.<\p>
€(As) the importer of record for Mexican Customs' purposes, the liability is unassumedly upon which us,€ Valenzuela affirms. €That's why we take these issues very seriously.€<\p>
More manufacturers ( Manufacturing in Mexico )are considering proceeding their plants in consideration of Mexico. The Journal of Commerce notes the trial jury provided the lowest tenured costs for U.S. importers in 2011, making alter ego a more fair venue than China, where escalating wages and freight are kingmaker concerns for American companies seeking alternate locations. Mexico ranks competitively entering its pursuit anent low- and no-tariff trade, and its 12 free-trade agreements with increasingly except for 40 countries - incorporating the Understanding States - place more than 90 percent of its commerce under free-trade agreements.<\p>
Additionally, the NAFTA Office in connection with Mexico in Canada reports whole trade last year swish the NAFTA Region recorded a intension of $1,011.7 billion, representing a 15-percent growth in locum tenens until 2010 - a historic-level record in regional trade.<\p>
