Mexican ecommerce to thrive after trade deal with the US

Monday 3 September 2018 14:15 CET | News

Mexico and the US have reached a deal to revamp the North American Free Trade Agreement, but talks with Canada are not yet completed.

Mexico`s ecommerce market could get a lift from a trade agreement with the administration of the US which doubles the value of goods that can be imported tax-free from the US, according to online businesses and experts.

The bilateral deal that is still under way would see Mexico double its minimum duty-free shipment threshold, a step that should benefit both express delivery companies and online retailers, such as Amazon.

The online market in Mexico, Latin America’s second-largest economy, was expected to be worth around USD 7 billion in 2018, according to market research firm Euromonitor International, though that figure represents a small fraction of total retail sales.

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Keywords: Mexico, US, Canada, ecommerce, trade agreement, duty-free, shipments, retailers
Countries: World

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