The Ministry of Finance and Public Credit estimates that if the key strategies of increasing domestic content in government purchases by 10%, replacing 10% of manufacturing imports, and stimulating domestic demand and strengthening domestic producers are implemented, 0.7 percentage points could be added to annual GDP growth.

This could also increase job creation by 700,000 additional positions each year and a sustained increase in vehicle production, emphasized the head of the ministry, Edgar Amador.

Of Interest: Chihuahua developers expand their industrial footprint in the last year

For his part, Economy Secretary Marcelo Ebrard announced that there would be maintenance strategies in the steel and textile industries after detecting irregular practices. The registry for importers of steel products will be reviewed so that companies can report data on the steel mills from which the material originates, where irregularities have been found in more than a thousand mills.

Ebrard commented that this seeks to prevent marketing companies from using false records to import steel, which would reduce the entry of material with simulated origins in order to evade antidumping duties, in addition to limiting steel triangulation.

Check Here: Puebla has the highest office vacancy rate in Mexico

Similarly, the reference prices of imported goods such as furniture, toys, musical instruments, sporting goods, paper, and cardboard will be monitored to prevent companies from declaring prices lower than the actual price to reduce their tax payments.

At Solili, you can check out available warehouses in: Querétaro, Ciudad de Mexico y San Luis Potosí.

Original Note.