The Mexican government recently announced a six-month postponement of its plan to tax cruise ship passengers docked at its ports. Additionally, it will exempt tariffs on wheat and a type of fertilizer throughout 2025.
According to a presidential decree published in the December 31 evening edition of the "Official Gazette," the Mexican government will exempt arrival fees for cruise passengers in the first half of this year.
Furthermore, under another presidential decree in the same official gazette, the Mexican government stated that products including wheat and ammonium sulfate (a type of fertilizer) will be exempt from tariffs during 2025.
The Mexican government indicated that the measure to charge cruise ships aims to promote tourism and strengthen the local economy, while the tariff exemption aims to curb inflation. Mexico's biweekly inflation rate for the first half of December slowed to 4.44% year-on-year, slightly down from 4.54% at the end of November.
Products exempt from tariffs include wheat, wheat flour, steel and laminated products, bottle caps, fishing nets, buoys, and ropes.