Legal Framework of International Trade in Mexico

Which of the following is NOT a responsibility of a Mexican customs broker?

• Facilitating the import and export of goods between Mexico and other countries

• Ensuring compliance with Mexican customs regulations and requirements

• Handling customs paperwork and documentation

• Providing financial services for international trade transactions

What is the main purpose of using a Mexican customs broker?

• To expedite the clearance process at Mexican ports

• To minimize tariffs and duties on imported goods

• To avoid penalties for non-compliance with Mexican customs regulations

• To facilitate communication between importers/exporters and Mexican authorities

Which government agency oversees customs regulations in Mexico?

• Secretaría de Hacienda y Crédito Público

• Secretaría de Economía

• Secretaría de Relaciones Exteriores

Which treaty replaced the NAFTA and came into force on July 1, 2020?

• United States-Mexico-Canada Free Trade Agreement

• Mexico-Colombia Free Trade Agreement

• Mexico-EU Economic Partnership and Political Cooperation Agreement

• Japan-Mexico Free Trade Agreement

What is the main purpose of Mexican free trade agreements?

• To promote fair competition

• To eliminate barriers to trade

• To increase investment opportunities

• All of the above