## Highlighting the Importance of Decree for Importing Goods from Third Countries
The decree for importing goods from third countries into the border region plays a critical role in the local economy. If not renewed, products imported from China or Europe could see their prices soar.
Jorge Macías Jiménez, Vice President of Competitiveness in the Border Zone of the Confederation of National Chambers of Commerce, Services and Tourism (Concanaco), emphasized that the cost of products could increase by up to 15% if the decree, which has been in place for over 20 years, is not renewed.
### Concerns from the Commercial Sector
“The products from countries other than the United States currently incur a tariff. When they come to the border, we have a negotiation with the federal government wherein a much lower import tax is applied, benefitting commerce, industry, and everyone involved in the productivity and sales chain,” explained Macías Jiménez.
The government is currently examining the renewal of this decree along with the conditions under which it would be published. Jiménez reiterated that if goods from Asia or Europe are subjected to a 15% tariff, their prices will increase. Conversely, with a lower tariff, the final cost to consumers would be significantly reduced.
Not only does this benefit the commerce sector, but it is also advantageous for local industries that import machinery and equipment necessary for their operations. “It’s a benefit for the entire border zone because although most products still come from the United States and Canada, some companies import goods from other regions. We are hopeful it will be renewed, but the request has not yet been answered,” Jiménez concluded.
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### Additional News: Potential Impacts if Decree is Not Renewed
Recently, industry experts have voiced concerns over potential economic implications should the decree for importing goods from third countries not be renewed. Many fear that it could create an unintended ripple effect across various sectors.
The president of the industrial chamber in Baja California has pointed out that local manufacturers heavily rely on imported machinery and raw materials from Europe and Asia. An increase in tariffs would likely elevate production costs, which could then be passed on to consumers, resulting in higher prices for a wide range of goods.
In a recent meeting, business leaders urged the government to expedite the renewal process, emphasizing that any delays could disrupt supply chains and local businesses’ ability to compete in an already challenging economy.
Furthermore, retailers expressed that a tariff hike could deter them from stocking a diverse range of products, potentially limiting consumer choices. They also noted that increased prices might drive consumers to look for alternatives, possibly even crossing the border for cheaper options, which could negatively impact the local economy.
Stay tuned as this story develops, as the decision on this crucial decree will have broad implications for various stakeholders in the region.