The Mexican and Argentine governments published the maximum export figures for passenger and passenger cars, as well as ATVs, that can be exported duty-free from March 19, 2025, to March 18, 2026.
The Ministry of Economy explained that Mexico will be able to export automobiles to Argentina for a maximum value of $773,125,000, and vice versa, Argentine manufacturers will be able to send their automobiles and ATVs to the Mexican market for the same amount.
As part of the agreements reached by both countries, these agreements were included in the Eighth Additional Protocol to Appendix I on Trade in the Automotive Sector between Argentina and Mexico (Appendix I) of the Economic Complementation Agreement 55, which was signed on March 18, 2025.
As part of the agreements, there will be zero tariffs on annual import quotas for automotive products for a period of one year, on a “reciprocal and temporary basis.”
The vehicles that can be exported under these conditions are included in Chapter 87, which include three-wheeled motorcycles, passenger cars, and other vehicles designed primarily for the transportation of passengers.
On the one hand, it was stated in the Official Gazette of the Federation on May 30 that the “purpose is to recognize and incentivize investments by vehicle manufacturing companies in Mexico, the value of their production, and exports to Argentina; as well as to ensure the most appropriate distribution of quotas for vehicle exports to that country…”
Mexico and Argentina agreed to free trade in auto exports by March 19, 2019, according to a protocol linked to the Economic Complementation Agreement (ACE) 55 signed in 2015. This agreement established a system of increasing quotas with the expectation of returning to free trade in March 2019.
However, in 2019, Argentina refused to return to free trade and agreed with Mexico to continue a quota-based system for three more years, with annual increases in import limits. For example, they would increase by 10% in the first year and by a further 5% in the following two years.
According to Comtrade, auto exports under Chapter 87 amounted to $107,773,000 in 2021.
Source: eluniversal
