No Result
View All Result
  • Login
Monday, October 27, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Business

New customs regulation could slow cross-border trade

by FeeOnlyNews.com
2 days ago
in Business
Reading Time: 5 mins read
A A
0
New customs regulation could slow cross-border trade
Share on FacebookShare on TwitterShare on LInkedIn


Borderlands Mexico is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: New customs regulation could slow cross-border trade; Daye opens $300M manufacturing plant in Nuevo León; and US eases truck tariff burden for Mexico under new trade structure

Mexico’s customs system is about to undergo a major procedural change — a shift that could reverberate through factories, carriers, and warehouses on both sides of the border.

Starting Dec. 9, importers will be required to electronically submit a Manifestación de Valor Electrónica (MVE) — known in English as the Electronic Declaration of Value — through the Mexico’s Ventanilla Única de Comercio Exterior Mexicano (VUCEM) portal before their goods can clear customs into the country.

The new digital requirement transforms what was once a back-office record-keeping duty into a front-end compliance checkpoint.

Importers must now file a sworn statement detailing how the customs value of each shipment was calculated and attach supporting evidence such as commercial invoices, freight and insurance charges, supplier contracts, and proof of payment.

“Before, importers could assemble this paperwork after the shipment had already been cleared,” said Adolfo Campero, CEO of Unimex Group’s customs and warehousing division and a licensed customs broker in both the U.S. and Mexico, told FreightWaves. “Now nothing can cross the border until the sworn declaration is transmitted to the Mexican government.

According to Campero, the government’s push stems from high-profile fraud cases tied to fuel imports, where under-valued shipments cost Mexico billions in unpaid taxes.

“There’s been a lot of media coverage about fraud in petroleum imports,” he said. “So, instead of focusing only on those offenders, the government decided to impose very strict requirements on everyone. They’ve increased penalties for any kind of error — even inadvertent ones.”

The reforms, he said, may strengthen oversight but risk penalizing legitimate importers caught in the digital paperwork dragnet. “It’s going to make operations slower, at least at the beginning,” he said. “It will also make customs services more expensive because brokers need more manpower and technology to handle the new process.”

Campero said the shift, though meant to increase transparency, adds a new layer of digital bureaucracy that many companies are unprepared to handle.

“It’s a little bit of an onerous process,” he explained. “You have to go onto a government website, fill out electronic forms with drop-down fields, and upload multiple supporting documents. It’s not something you can rush through five minutes before a truck arrives at the bridge.”

Accessing VUCEM requires each importer’s electronic tax signature, or e.firma — a credential that unlocks all tax and customs data held by Mexico’s authorities. Because of cybersecurity concerns, companies rarely share that signature with outside parties.

“Many importers are reluctant to let their customs brokers use the e.firma,” Campero said. “They treat it like their corporate bank password — very few people even inside the company have it. So, if they don’t give it to the broker, the importer has to do the filing themselves.”

That’s creating anxiety across import/export departments already overloaded with paperwork. “These teams tell us they don’t have the time or expertise to calculate customs values and fill government forms,” he said. “That’s why they rely on brokers in the first place.”

Because the MVE must be filed before customs clearance, even small administrative hiccups can hold up entire shipments. Missing documents — such as a freight invoice or contract between a U.S. parent and its Mexican subsidiary — can block the filing, leaving loads stranded at the border or accruing storage fees at ports and airports.

“We anticipate delays in clearing customs for many shipments,” Campero said. “That means trucks waiting on the U.S. side of the border or containers sitting at maritime terminals because one document is still pending.”

The new rule also carries steep fines for mistakes. Under Mexico’s updated customs code, errors in the MVE automatically translate into errors in the pedimento, the formal import entry, exposing companies to combined penalties that can exceed 70,000 pesos (about $3,800) per shipment.

“Even minor administrative errors could become very costly,” Campero said. “If there’s a mistake in the valuation on the MVE, that same mistake carries over to the pedimento, so you’re penalized twice.”

To avoid that risk, Unimex has begun training clients on how to use the VUCEM platform, calculate customs values correctly, and maintain digital records for audits. “We’re offering workshops to help companies get familiar with the process, because it’s not intuitive,” he said. “You have to know where to find every number — freight, insurance, assists — and have documentation ready to upload.”

Campero said Unimex is already helping multinational clients map their supply chains to identify where costs originate — from factory gates in Asia to inland freight carriers delivering to Mexican ports.

“Some clients are asking us to literally chart who provides every piece of information used to calculate customs value,” he said. “They want contact names, emails, and documents for each supplier and intermediary. It’s forcing companies to really understand their supply chains in a way they hadn’t before.”

He advises manufacturers to build buffer inventory and reconsider just-in-time logistics strategies to avoid production stoppages once the new rule takes effect.

“Every day we deal with shipments that are urgent, where a delay could shut down a production line,” Campero said. “This is one more obstacle we’ll have to manage. Companies that keep zero safety stock are going to feel it the most.”

Chinese manufacturer Ningbo Daye Garden Machinery Co. has opened a new $300 million production facility in Salinas Victoria, Nuevo León, underscoring the state’s growing appeal as a hub for advanced manufacturing and foreign investment.

The plant, which will produce electric tools and smart gardening and irrigation products, is expected to create more than 2,000 direct jobs and strengthen local and regional supply chains. Company officials said the investment highlights Nuevo León’s skilled workforce and competitive industrial environment.

“Opening this plant consolidates Nuevo León’s position as a national leader in attracting foreign investment,” a company representative said.

Yuyao, China-based Ningbo Daye Garden Machinery manufactures tools and garden machinery.

The Trump administration has finalized a new tariff framework for imported medium- and heavy-duty trucks (MHDVs) that will impose a 25% duty on non-U.S. content while easing costs for vehicles assembled in North America.

The measure, signed by President Donald Trump on Oct. 17 and effective Nov. 1, 2025, allows trucks and parts meeting USMCA origin requirements to be taxed only on the foreign portion of their value — offering significant relief to Mexico, the top U.S. truck exporter.

The proclamation maintains a 25% duty on MHDV imports from countries outside North America. It also extends a 3.75% manufacturing credit through 2030 for U.S.-built light, medium and heavy-duty vehicles — a measure aimed at offsetting higher parts costs and incentivizing domestic assembly.

The post Borderlands Mexico: New customs regulation could slow cross-border trade appeared first on FreightWaves.



Source link

Tags: crossborderCustomsregulationslowtrade
ShareTweetShare
Previous Post

Links 10/26/2025 | naked capitalism

Next Post

Top Wall Street analysts champion these 3 stocks for solid returns

Related Posts

The FOMO-fueled gold bubble may now be turning into a ‘mini-bust,’ analysts say

The FOMO-fueled gold bubble may now be turning into a ‘mini-bust,’ analysts say

by FeeOnlyNews.com
October 27, 2025
0

Gold prices continued to decline Monday while stocks galloped to fresh record territory, stirring doubts about the precious metal’s massive...

Trapped between US and China, South Korea feels trade war’s pressure

Trapped between US and China, South Korea feels trade war’s pressure

by FeeOnlyNews.com
October 27, 2025
0

When South Korea's newly elected president, Lee Jae Myung, visited Washington in August, he was asked about anmigyeongjung, the nation's...

U.S. stocks add to all-time highs ahead of key earnings, U.S.-China deal hopes (DJI:)

U.S. stocks add to all-time highs ahead of key earnings, U.S.-China deal hopes (DJI:)

by FeeOnlyNews.com
October 27, 2025
0

Oct. 27, 2025 1:27 PM ETDow Jones Industrial Average Index (DJI), SP500, COMP:INDAAPL, GOOG, AMZN, MSFT, NVDA, AVGO, META, US10Y,...

WeRide CEO says autonomous driving can’t guarantee 100% safety—but could be 10x safer than human drivers within the decade

WeRide CEO says autonomous driving can’t guarantee 100% safety—but could be 10x safer than human drivers within the decade

by FeeOnlyNews.com
October 27, 2025
0

Tony Han, founder and CEO of autonomous driving technology company WeRide, likened the development of self-driving cars to the Wright...

Kiryat Tivon emerges as favorite to house Nvidia’s new campus

Kiryat Tivon emerges as favorite to house Nvidia’s new campus

by FeeOnlyNews.com
October 27, 2025
0

Kiryat Tivon has taken over as favorite to house Nvidia’s huge new campus in northern Israel, after Kiryat Ata...

Qualcomm Stock: Chipmaker Enters AI Data Center Market

Qualcomm Stock: Chipmaker Enters AI Data Center Market

by FeeOnlyNews.com
October 27, 2025
0

Mobile device chipmaker Qualcomm (QCOM) on Monday announced its entry into the market for processors for artificial intelligence data centers....

Next Post
Top Wall Street analysts champion these 3 stocks for solid returns

Top Wall Street analysts champion these 3 stocks for solid returns

Did Radhakishan Damani dump Trent? Inside the retail king’s mysterious exit from Tata’s hottest stock

Did Radhakishan Damani dump Trent? Inside the retail king’s mysterious exit from Tata’s hottest stock

  • Trending
  • Comments
  • Latest
AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

October 15, 2025
Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

October 14, 2025
Are You Losing Out Because of Medicare Open Enrollment Mistakes?

Are You Losing Out Because of Medicare Open Enrollment Mistakes?

October 13, 2025
Coinbase boosts investment in India’s CoinDCX, valuing exchange at .45B

Coinbase boosts investment in India’s CoinDCX, valuing exchange at $2.45B

October 15, 2025
Government shutdown could drain financial advisor optimism

Government shutdown could drain financial advisor optimism

October 7, 2025
Getting Started: How to Register

Getting Started: How to Register

October 10, 2025
9 Amazon Products So Weird You’ll Wonder Who Actually Buys Them

9 Amazon Products So Weird You’ll Wonder Who Actually Buys Them

0
Crypto Miners Are Pivoting to the New AI Goldmine

Crypto Miners Are Pivoting to the New AI Goldmine

0
Trapped between US and China, South Korea feels trade war’s pressure

Trapped between US and China, South Korea feels trade war’s pressure

0
Follow the Money and Power in the Trump 2.0 Political Maze

Follow the Money and Power in the Trump 2.0 Political Maze

0
Bitcoin Price Could See A New All-Time High Above 6,000 If It Breaks This Critical Level

Bitcoin Price Could See A New All-Time High Above $126,000 If It Breaks This Critical Level

0
The FOMO-fueled gold bubble may now be turning into a ‘mini-bust,’ analysts say

The FOMO-fueled gold bubble may now be turning into a ‘mini-bust,’ analysts say

0
Bitcoin Price Could See A New All-Time High Above 6,000 If It Breaks This Critical Level

Bitcoin Price Could See A New All-Time High Above $126,000 If It Breaks This Critical Level

October 27, 2025
The FOMO-fueled gold bubble may now be turning into a ‘mini-bust,’ analysts say

The FOMO-fueled gold bubble may now be turning into a ‘mini-bust,’ analysts say

October 27, 2025
The NBA Season is Back—These 8 Markets Are Cash Cows For Airbnbs

The NBA Season is Back—These 8 Markets Are Cash Cows For Airbnbs

October 27, 2025
Trapped between US and China, South Korea feels trade war’s pressure

Trapped between US and China, South Korea feels trade war’s pressure

October 27, 2025
Strategy Makes History With S&P’s Credit Rating of a Bitcoin Treasury Company

Strategy Makes History With S&P’s Credit Rating of a Bitcoin Treasury Company

October 27, 2025
9 Amazon Products So Weird You’ll Wonder Who Actually Buys Them

9 Amazon Products So Weird You’ll Wonder Who Actually Buys Them

October 27, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Bitcoin Price Could See A New All-Time High Above $126,000 If It Breaks This Critical Level
  • The FOMO-fueled gold bubble may now be turning into a ‘mini-bust,’ analysts say
  • The NBA Season is Back—These 8 Markets Are Cash Cows For Airbnbs
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.