Why Should You Attend:
If you have an IMMEX plant, are planning to incorporate one, or do business or deal with an IMMEX, this webinar is for you. It will help you understand how these plants are controlled and operated, and why specific documentation and information is required by various parties in the supply chain.
When Maquilas and PITEX programs were initially created in Mexico, each one had a different purpose with separate and distinct regulations. At the same time, both programs received administrative, accounting and customs benefits. They were an important part of the Mexican economy and represented more than 80% of the total manufacturing for Mexican exports.
However, due to the duty deferral and drawback restrictions imposed under the North American Free Trade Agreement (NAFTA), Maquilas and PITEX would no longer continue receiving the same benefits. Consequently, the Mexican government dismantled them and in their place created a new program known as IMMEX (Manufacturing, Maquiladora and Export Services Industry) that represented a new opportunity for the trade community.
IMMEX continues to be an excellent way to invest and do business in Mexico. Do not miss this unique opportunity to hear about all the benefits offered by this program presented by Mexican attorneys that specialize in customs and trade law.
Areas Covered in the Seminar:
Laws and regulations applicable to IMMEX.
– Mexican customs law
– General Customs Rules
– IMMEX decree
– Article 303, NAFTA
Mexican authorities that supervise, inspect, control and impose sanctions to IMMEX
– Secretaria de Economia
– Secretaria de Hacienda y Credito Publico
– Goods and merchandise that IMMEX can import into Mexico
– Statutory periods of time applicable to goods imported by IMMEX
Operation and control of a company with an IMMEX Program.
– Transferring goods among companies with IMMEX Programs
– Calculation and payment of duties, duty deferral and drawback
Requirements and obligations.
– Annual sales
– Annual report
– Automated inventory control system
– Return or export of goods abroad
Exporting goods to the United States and Canada.
– Article 303, NAFTA
Different kind of companies that an IMMEX program may have:
– Third party
– Mexican taxes
– Certified companies
– Customs regime
Who Will Benefit:
– Companies with IMMEX plants in Mexico
– Individuals or companies wishing apply for IMMEX Program
– Companies supplying goods or services to IMMEX plants
– Companies receiving goods and services from an IMMEX
– Customs Compliance personnel
– Transportation and Logistics
– Inside Counsel
– International sales/purchasing department
Brenda Cordova, graduated from the School of Law of the Universidad Autonoma de San Luis Potosi. Fluent in English and Spanish, she completed the coursework requirements for an LLM degree in International Law and Latin American Studies from the University of Texas at Austin (the School of Law and the Institute of Latin American Studies). She has taken several courses on Mexican customs and international trade at the Tecnologico de Monterrey, Campus San Luis Potosi and at BANCOMEXT.
Brenda’s legal practice covers all areas of customs, business, corporate, international purchasing from the Mexican government, international contracts, foreign investment, and NAFTA, including NAFTA audits, labeling, classification, customs regimes, IMMEX, duty deferral and drawback.
She served as a foreing legal consultant for Integrated Trade Systems, Inc., an affiliated company of PEMEX (Petroleos Mexicanos) in Houston, Texas. She was a law professor at the Instituto Tecnologico de Estudios Superiores and at the Justo Sierra University, and served as the head of the Secretaria de Relaciones Exteriores (“Foreign Affairs Ministry), in Rioverde, S.L.P. Brenda was a co-hosts a weekly legal affairs TV program in S.L.P.
She has been a working as a foreign legal consultant for Adrienne Braumiller since 1994 and for the firm of Braumiller Schulz LLP since 2003. She teaches Mexican customs and trade at the Universidad Autonoma de San Luis Potosi and is also a renowned speaker at business and legal conferences and seminars.