Mexico Delays Cruise Ship Tax, Exempts Wheat From Tariffs

Source:  Yahoo Finance
Мексика

Mexico delayed applying a tax on cruise ship passengers at its ports for six months while exempting wheat and a fertilizer from tariffs for all of 2025.

The government will relieve cruise ship passengers of an arrival fee through the first half of the year, according to a presidential decree published in the evening edition of the Dec. 31 Official Gazette.

Separately, Mexico said products including wheat and ammonium sulfate, a fertilizer, will be exempt from tariffs during 2025, according to another presidential decree in the same Official Gazette.

The government said its measure on cruise ship fees is meant to bolster tourism and strengthen local economies while the tariff exemptions aim to contain inflation, according to the decrees. Mexico’s bi-weekly inflation in the first half of December slowed to 4.44% from a year before, a slight decrease from 4.54% at the end of November.

The tariff exemptions include wheat, wheat flour, steel and laminated products, caps for jars, fishing nets, buoys and ropes.

Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.

Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.

Tags: , , , , , , , ,

Got additional questions?
We will be happy to assist!

Secret Link