For exporting to Mexico, there are some tips and challenges that need to get identified. In that case, exportation will likely be a success. To recognize them follow us.
Challenges of exporting to Mexico
When exporting to Mexico, Iranian exporters must take into account certain obstacles, although no obstacle is impossible to overcome. It is possible for all exporters, regardless of size, to succeed in the Mexican market through careful planning and support from agencies. Mexican Country Commercial Guide states the following challenges:
The diversity and size of Mexico
Mexican members are diverse, making it hard to find one distributor or agent who covers all of Mexico.
The legal System of Mexican
Mexican legal system has nothing in common with the Iranian legal system. The Iranian business community should consult with an experienced legal advisor before entering into any business agreements with Mexico.
The Coronavirus pandemic
The coronavirus has created significant uncertainty for Mexican enterprises, many of which have been forced to halt contracts, purchases, and projects. Communication difficulties have occurred between government agencies, business partners, buyers, regulators, and regulators due to orders provided by the government to stay-at-home.
Mexicans banking system
In recent years, Mexico’s banking system has shown signs of expansion after more than a decade of stagnation. However, interest rates remain elevated. The Mexican government is attempting to increase access to capital for small- and medium-sized enterprises (SMEs) at affordable rates, but it might not be able to reach them at affordable rates.
violence involving gangs
There has been an increase in violence in certain parts of Mexico, including some border areas, due to criminal groups. Iran’s companies need to evaluate their partners carefully and should be cautious in extending credit and watch for payment delays.
Several Mexican laws may affect Iranian businesses, including regulations for customs, standards for products, and labor laws.
Export opportunities to Mexico
Most of the time, it is the potential rewards that outweigh any obstacles that can be encountered when exporting to Mexico. In order to minimize risks, exporters are advised to identify business opportunities and cultivate them while developing a strategy. These sectors are among Mexico’s most promising:
- Travel and tourism services
- Plastic and resins
- Information technology
- Packing equipment
- Environmental technology
- Auto parts and services
- Housing and construction
- Security and safety services
- Transportation services
What documents are required when exporting to Mexico
Exported goods by Mexico are subject to the same export documentation and procedures as any other country. Depending on your products, you will need a range of documents to export to Mexico, including:
- AES filing
- Performa Invoice
- Packing list
- Bill of lading
- Insurance policy
- Commercial Invoice
- Customs declaration
- Sales contract
Documentation & Compliance Software for Export
If you are considering exporting to Mexico, you can easily create the necessary documents and stay compliant with export regulations through the Shipping Solutions export documentation software. The regulations pertaining to exporting to Mexico are straightforward based on where you intend to distribute; however, choosing to ship to China is an entirely different matter.
Although you may have a legal obligation to comply with export regulations, this does not mean you can take them for granted. It is vital for you to understand how the regulations are enforced and the possible consequences if you don’t follow them.
· Product classification for export controls
Determine first who has jurisdiction in your country over your goods before exporting them.
· Export License determination
Export license exemptions, such as temporary or low-value exports, allow you to export items that would otherwise require an export license under stated conditions. Only the Department of Commerce can grant exceptions to license requirements on these items, not the State Department or any other agency.
· Deemed exports
Occasionally, the export of a product to Mexico or the export without shipping is ignored. An acceptable export is one where the source code or technology is transferred to a foreign national