On June 21, 2013, the “Decree regarding entry into force between Mexico and Costa Rica of the Free Trade Agreement between Mexico and the Republics of Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua “, was published in the Federal Official Gazette.

Its purpose is to inform of the entry into force of the Free Trade Agreement between México and Costa Rica as of July 1st, 2013 superseding the former Free Trade Agreement executed between Mexico and Costa Rica on April 5th, 1994.

This Trade agreement was signed on November 22, 2011, approved by the Senate on December 15, 2011 and published in the Federal Official Gazette on August 31, 2012.

It entered into force for trade between Mexico and El Salvador and Nicaragua on September 1, 2012, and on January 1st, 2013 with Honduras; leaving only Guatemala to conclude its internal approval process for the full entry into force of the Agreement.

As a result of the above, on June 24, 2013 the “Decree that establishes the general import duty applicable as of July 1, 2012 to goods originating in the Republic of Costa Rica published on June 29, 2012” was abolished. Furthermore the “Notice informing the entry into force between the United Mexican States and the Republic of Costa Rica’s Free Trade Agreement between the United Mexican States and the Republics of Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua, published on August 31, 2012”, was published.

Said notice establishes the entry into force of the provisions in articles 1 to 10, 35 and 37 and Appendix 1 of the “Decree that establishes the general import duty applicable to originating goods in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua, published in the Official Journal of the Federation on 31 August 2012”, which establish the different preferential duty rates and rules applicable to a variety of products originating in the region.