La Jornada – The Treasury will formalize the suspension of basic tariffs for six months

By a presidential decree, the collection of duties on imports of certain foods, including cereals, proteins, fruits and vegetables, as well as basic supplies, will be suspended for six months. The objective of this measure is to mitigate the advance of inflation and, in particular, to prevent the costs of basic necessities from skyrocketing.

The Ministry of Finance and Public Credit reported that this May 13 will be published in Official Gazette of the Federation changes to the tariffs contained in the Import and Export Tax Law. This is one of the measures of the package against inflation and famine (Pacic), presented last week at the National Palace.

The document will ensure that no tariffs are charged for the import of 21 of the 24 products from a basic basket for six months, as well as five strategic inputs; the objective is that importers and distributors can contain price increases towards final consumers.

The foods that will enter the country at zero rate are corn oil, palay rice, tuna, pork, chicken, beef, onion, jalapeƱo pepper, beans, eggs, toilet soap, tomato, milk, lemon, apple, orange, bread in box, potato, soup pasta, sardine, carrot; and strategic inputs are maize flour, wheat flour, white maize, sorghum and wheat.

The Pacic also provides for the elimination of the compensatory quota for the import of ammonium sulphate, which is used as fertilizer or raw material for the development of other chemical fertilizers.