Mazda / Customs Law Reform

Mazda. President Claudia Sheinbaum met yesterday at the National Palace with Masahiro Moro, Global CEO, Mazda Motor Corporation, to discuss key issues shaping the future of Mexico’s automotive industry. The meeting addressed topics such as trade agreements, environmental regulations, and the promotion of electric vehicles.

Sheinbaum emphasized the significance of Mazda’s plant in Mexico, which manufactures vehicles for both domestic and export markets. Amid concerns over potential tariffs affecting the automotive sector, the president welcomed Mazda’s decision to maintain its operations in the country. “He stated that the plant in Mexico will continue operating, which makes us very happy,” she said.

Customs Law Reform. The president confirmed that there will be no new taxes for taxpayers in 2026, explaining that only adjustments and updates will be made. “What is happening is that banks will now be taxed on items they used to deduct from the Fobaproa and IPAB programs,” she said.

Sheinbaum added that a few minor tax updates will be introduced, such as small adjustments to migration fees and charges for foreign visitors. “These updates are minimal, for instance, the migration fee for foreign visitors is negligible compared to the cost of an airline ticket,” she noted.

Heavy Rains. Sheinbaum reported that 78 people have died as a result of recent rains and that the federal government has activated direct support for affected communities. Aid is being distributed through Ministry of Well-Being modules, without intermediaries, as part of a broader federal strategy that also includes railway infrastructure development in various regions.

“It is very important the way in which we deliver support: it is done directly. After conducting a census, the Ministry of Well-Being sets up a distribution module,” she explained. The process begins by identifying affected areas, such as Alamo and Poza Rica, where door-to-door surveys are conducted. Each family receives a numbered wristband that allows them to access the Well-Being module to collect resources, food supplies, and household goods.

Sheinbaum stressed that this model eliminates intermediaries and ensures that aid reaches those who truly need it. “There are no intermediaries, no one falsely claiming certification. It is a process that requires dedication and ensures rapid delivery of resources,” she concluded.