MiG-29SMT
Senior Member
- Joined
- Jan 12, 2020
- Messages
- 4,123
- Likes
- 5,105
We spoke with the president of the National Chamber of Commerce, Services and Tourism, José Rodríguez Cárdenas, about the invasion of Chinese products in the Historic Center of Mexico City. Generating losses of up to 100 billion Pesos are reported.
EFE Agency
January 24, 2024 3 min read
In this article:
SLIME
-0.12%
Mexico City, Jan 23 (EFE).- Electronic commerce through Chinese platforms such as Alibaba, Shein and Temu has affected the sales of department stores and supermarkets in Mexico and has even affected tax collection in the country due to practices unorthodox and disloyal, denounced this Tuesday the National Association of Self-Service and Department Stores (Antad).
The executive president of Antad, Diego Cosío, pointed out that these Asian companies take advantage of schemes for individuals that allow them to import products without paying tariffs and taxes.
Manuel Cardona, director of Government Relations at Antad, explained that these players are not orthodox in complying with their tax obligations and declare the entry of products below $50.
Which allows them to import without paying taxes, tariffs and even bypassing official Mexican regulations that may be related to safety or health compliance.
“This is for the purchases that all of us make in our daily lives and there are players, mainly Asians, who take advantage of this scheme, not correctly declaring imports. For example, I can buy something for 500 or 1,000 dollars, they put the request that is 49.99 dollars, it happens with this tax benefit, compliance with regulations,” he commented.
In accordance with the Mexico, United States and Canada Treaty (T-MEC), products of origin with a value of up to $50 are allowed to enter the country exempt from paying tariffs and value added tax (VAT), while The limit for 'duty free' shipments is up to $117.
Cardona emphasized that this not only represents an impact on businesses and stores established in Mexico, but also represents an impact on the Mexican Government and the public treasury, since taxes are no longer collected.
"But there is a fourth affected and it is probably the most affected, which is the consumer, because this product does not comply with official Mexican standards for commercial information, safety (among others)," he added.
That is why the representatives of ANTAD detailed that they already work hand in hand with Mexican authorities with the aim of generating equal conditions for all companies and businesses that operate in the country.
“The only objective is to have an even playing field, so that we all pay what we have to pay and the most important thing is that we always make products of the highest quality and price possible available to the consumer,” he said.
In this sense, they also revealed that in two weeks they will meet with authorities from the Secretariats of Economy and Finance and Public Credit, as well as the Tax Administration Service (SAT) and the Federal Consumer Prosecutor's Office (Profeco).
Cosío also specified that, although they have not quantified the damage to the public treasury due to taxes that are not paid or the damage to Mexican commerce, they are aware of the speed of growth of platforms such as Temu, Shein and Alibaba in electronic commerce. .
Insecurity is also a problem to address
For his part, Cardona also highlighted that insecurity also affects retail sales, with more than 68,890 events in 2023.
He said that the losses represented 1.17% of his total sales last year, due to up to 26 incidents, such as robbery with violence, counterfeiting, extortion, theft of merchandise in stores, among others.
EFE Agency
January 24, 2024 3 min read
In this article:
SLIME
-0.12%
Mexico City, Jan 23 (EFE).- Electronic commerce through Chinese platforms such as Alibaba, Shein and Temu has affected the sales of department stores and supermarkets in Mexico and has even affected tax collection in the country due to practices unorthodox and disloyal, denounced this Tuesday the National Association of Self-Service and Department Stores (Antad).
The executive president of Antad, Diego Cosío, pointed out that these Asian companies take advantage of schemes for individuals that allow them to import products without paying tariffs and taxes.
Manuel Cardona, director of Government Relations at Antad, explained that these players are not orthodox in complying with their tax obligations and declare the entry of products below $50.
Which allows them to import without paying taxes, tariffs and even bypassing official Mexican regulations that may be related to safety or health compliance.
“This is for the purchases that all of us make in our daily lives and there are players, mainly Asians, who take advantage of this scheme, not correctly declaring imports. For example, I can buy something for 500 or 1,000 dollars, they put the request that is 49.99 dollars, it happens with this tax benefit, compliance with regulations,” he commented.
In accordance with the Mexico, United States and Canada Treaty (T-MEC), products of origin with a value of up to $50 are allowed to enter the country exempt from paying tariffs and value added tax (VAT), while The limit for 'duty free' shipments is up to $117.
Cardona emphasized that this not only represents an impact on businesses and stores established in Mexico, but also represents an impact on the Mexican Government and the public treasury, since taxes are no longer collected.
"But there is a fourth affected and it is probably the most affected, which is the consumer, because this product does not comply with official Mexican standards for commercial information, safety (among others)," he added.
That is why the representatives of ANTAD detailed that they already work hand in hand with Mexican authorities with the aim of generating equal conditions for all companies and businesses that operate in the country.
“The only objective is to have an even playing field, so that we all pay what we have to pay and the most important thing is that we always make products of the highest quality and price possible available to the consumer,” he said.
In this sense, they also revealed that in two weeks they will meet with authorities from the Secretariats of Economy and Finance and Public Credit, as well as the Tax Administration Service (SAT) and the Federal Consumer Prosecutor's Office (Profeco).
Cosío also specified that, although they have not quantified the damage to the public treasury due to taxes that are not paid or the damage to Mexican commerce, they are aware of the speed of growth of platforms such as Temu, Shein and Alibaba in electronic commerce. .
Insecurity is also a problem to address
For his part, Cardona also highlighted that insecurity also affects retail sales, with more than 68,890 events in 2023.
He said that the losses represented 1.17% of his total sales last year, due to up to 26 incidents, such as robbery with violence, counterfeiting, extortion, theft of merchandise in stores, among others.
Comerciantes de México acusan a plataformas chinas de competencia desleal
Ciudad de México, 23 ene (EFE).- El comercio electrónico a través de plataformas chinas como Alibaba, Shein y Temu ha afectado a las ventas de tiendas departamentales y supermercados en México e incluso ha afectado la recaudación de impuestos en el país por prácticas poco ortodoxas y desleales...
es-us.finanzas.yahoo.com
Last edited: