Mexico, which has been implementing a plan since May to try to contain the sustained rise in prices, faces an inflation of 8.8% until the first fortnight of September, which has not been able to be tamed despite the fact that the central bank has raised its Reference rate until placing it at 9.25%.
Secretary of the Treasury, Rogelio Ramirez de la Oand President Andrés Manuel López Obrador presented the plan, baptized as Opening Agreement against Inflation and Scarcity, which includes companies that produce eggs, corn flour, chicken, beef and pork, distributors, and retailers such as Walmart Y Chedraui.
During his morning press conference, the left-wing president highlighted that while the energy industry contributed 0.62 percentage points to annual inflation, the food industry contributed 4.2 percentage points.
What does the agreement against inflation in Mexico include?
The government believes that inflation is reflected in the supply of this item, so the measures of the agreement tend to increase the production of goods in the food basket and reduce logistics and regulatory costs for the industries in the sector.
Among the measures agreed upon by the executive and the companies are the granting of a single universal license so that they are exempt from paperwork or the permit on the packaging of their products, as well as the general import tax. It will be trusted that the merchandise they trade meets the sanitary standards of safety and quality, reported El Financiero.
In addition, while the agreement is in force in Mexico, the authority will suspend all regulations that prevent or increase the cost of importing of food and its mobility in the country, this includes tariffs, non-tariff barriers to foreign trade and other requirements for entry.
Source: Ambito
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