What are the Regulatory entities involved in cross-border operations between the U.S. and Mexico?
Regulatory entities in U.S.-Mexico cross-border operations are responsible for managing the exchange of goods and services between the two countries. In order to do so, they must abide by various laws and regulations on both sides of the border. These regulations include tariffs, quotas, taxes, export restrictions, labor standards, product safety requirements, environmental regulations, and more.
U.S. Department of Commerce: Regulates trade and investment between the United States and Mexico.
U.S. Customs and Border Protection (CBP): Oversees the flow of goods and people across the U.S.-Mexico border, including enforcing trade regulations and collecting duties and taxes. Check the difference between US and Mexico Customs here.
U.S. Securities and Exchange Commission (SEC): Regulates the issuance and trading of securities in the United States, including those issued by Mexican companies.
U.S. Department of Treasury's Office of Foreign Assets Control (OFAC): Administers and enforces economic sanctions programs primarily against countries and groups of individuals, such as terrorists and narcotics traffickers.
The Regulatory Authority for Energy (CRE): is also an important organization in US-Mexico relations. The primary purpose of the CRE is to ensure that companies, organizations, and individuals comply with the energy regulations of both countries. This includes overseeing oil, gas, and electricity production across borders.
National Customs Agency (ANAM): started full operations as an independent agency outside Mexico’s Secretariat of Finance and Public Credit (Secretaría de Hacienda y Crédito Público or SHCP). Previously, customs-related functions were overseen by Mexico’s Tax Administrative Service (Servicio de Administración Tributaria or SAT, part of the SHCP). ANAM coordinates its tasks with the Departments of Defense and Navy to maintain security at customs border crossing points and work with SAT for the proper collection, administration, and accounting. Find more information here.
SAT: Servicio de Administración Tributaria is responsible for ensuring that tax laws are followed in order to facilitate trade between both countries.
Mexican Secretary of Economy: Regulates trade and investment between Mexico and the United States and is responsible for overseeing the implementation of The United States-Mexico-Canada Agreement (USMCA) and its successor.
Mexican Ministry of Foreign Affairs: Oversees the diplomatic relations between Mexico and the United States, including negotiations on trade and investment matters.
Mexican National Banking and Securities Commission (CNBV): Regulates the Mexican securities industry, including the issuance and trading of securities by Mexican companies.
These are some of the main regulatory entities involved in cross-border operations between the U.S. and Mexico. However, it's important to note that other regulatory entities may be involved, depending on the specific nature of the operation and the industries involved. We recommend reviewing them with your Logistics Partner to ensure that your cargo crosses and arrives to its destination seamlessly.
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