The cost of coffee capsules will rise; Mexico imposes a 20% tariff

Published 2024년 4월 23일

Tridge summary

A new policy has been implemented in Mexico, imposing a 20% tax on coffee capsules, covering tariff items 0901.21.99, 0901.22.99, and 0901.90.99, effective from Tuesday. This move is aimed at stimulating the country's coffee industry, especially green coffee production, and to increase the domestic production of coffee capsules. The Ministry of Economy emphasizes that this will lead to job creation and investment in the sector, potentially mitigating supply chain issues caused by global weather conditions. The government emphasizes that this regulation will not create market asymmetries and will promote the competitiveness of Mexican coffee producers.

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Original content

This Tuesday it came into force and raises the tax on coffee capsules corresponding to tariff items 0901.21.99, 0901.22.99 and 0901.90.99 from zero to 20 percent, in accordance with the agreement registered in the Official Gazette of the Federation (DOF). ) this Monday. The Ministry of Economy (SE) justified that the measure seeks to boost the coffee industry in the country, especially green coffee, also known as raw coffee or gold coffee. The measure is established "to increase national productive capacity in the medium and long term, the availability of coffee capsules in the country and the creation of jobs, by favoring investment in the sector," according to the DOF. During 2022, the SE recognized interruptions to supply chains due to global weather phenomena, causing delays in the entry of this type of coffee. That is why, on July 14, 2023, it published an agreement in the DOF that established a quota to import this type of coffee free of tariffs, with the aim of increasing ...

Source: Informador