Home / Knowledge / News / Apparel/Garments / Mexico increases de minimis threshold for US goods

Mexico increases de minimis threshold for US goods

04
Sep '18
Courtesy: Sylvie Tittel on Unsplash
Courtesy: Sylvie Tittel on Unsplash
Accepting a key request of the Trump administration, the Government of Mexico has raised ‘de minimis’ threshold from earlier $50 to $100. The term de minimis refers to the value below which goods can be shipped into a country before duties and taxes are assessed. As a result, Mexicans will now be able to import goods valued up to $100 duty-free from the US.

“This decision is a positive step forward for promoting trade and economic opportunities for small businesses,” Ebay said in a statement. “Lowering trade barriers is critical to supporting small business growth and creating more access to goods for buyers on a global basis.”

Countries have different de minimis thresholds that allow low-value shipments to cross borders with minimum effort, allowing for stronger global trade. Currently, the threshold of Canada is $20, i.e. Canadian citizens can import products valued only up to $20 duty-free from the US. On the other hand, the threshold of US is $800, which means US citizens can import $800 worth of goods duty-free from abroad.

The Ebay Government Relations team has long advocated that countries raise their de minimis thresholds to promote trade. “We will continue to advocate for higher de minimis levels on behalf of our customers,” the statement said. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

New EU rules for a fairer online economy apply from Jul 12

E-commerce | On 11th Jul 2020

New EU rules for a fairer online economy apply from Jul 12

The European Commission recently published a set of resources to help ...

Pic: Inditex

Retail | On 11th Jul 2020

Inditex to invest €2.7 billion for 2020-2022 plan

Inditex, a Spanish fashion retailer, has announced that to accelerate ...

Pic: Shutterstock

E-commerce | On 11th Jul 2020

ING Bank launches fashion marketplace in Romania

ING Bank, the fourth-largest bank by assets in Romania, launched its...

Interviews View All

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Software Firms, Head honchos

Software Firms
Head honchos

AI / robotics may challenge existing long value chains

Textile industry, Head honchos

Textile industry
Head honchos

South India has a very strong manufacturing base

Teresa Neal,

Teresa Neal

Teresa Neal, an art professional with 25 years of experience, in...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Mehul Vithalani,

Mehul Vithalani

Gopi Knitts is one of the most celebrated manufacturers and suppliers of...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search