The term IMMEX in English means Importers and Merchandise Exchange. This simply refers to a program for foreign-born direct manufacturers who want to bring their goods to TACNA, Mexico, and then they can be processed for international export to another country. If you’re thinking about pursuing IMMEX training, you will need to get training and certification from the International Metalurgical Importers Association (IMIA) and the United States Metal Importers Association (UMIA). Both of these associations offer courses in various types of IMMEX certification seminars. These seminars are held in many different cities across the country on different dates.
When a manufacturer gets a certificate from either one of these associations, they then know they have met all of the requirements of IMMEX requirements, which include: verified financial statements, proof of adequate documentation, and a Mexico customs declaration showing that all of the supplies being imported are in compliance with all applicable trade and tax laws. It is also required that manufacturers to register with the Secretar Economario de Productos (SEMAR); this is a registry that contains information on all of the products that are manufactured in Mexico. This registry can only be renewed once a year, so it’s important to be in it when it is updated.
Many IMMEX companies in Mexico ship to over 40 countries around the world. This is why you sometimes hear about IMMEX shipments to your country. A shipment could come from Mexico and go through the border at San Diego, and then take a route through Texas or Louisiana, etc. The shipment could also just be a truck driver going from point A to point B, picking up materials and dropping off products for assembly in Mexico. Either way, IMMEX shipments help the U.S. economy.
In a nutshell: The goal of IMMEX as a trading organization is to facilitate foreign trade by making it easier and cheaper for businesses to import and export their merchandise. If a business in Mexico wants to ship products to the United States, they file an IMMEX application and it is assigned to a freight forwarder. The forwarder then finds a supplier in Mexico who can ship the product to the United States. The cost of the merchandise will depend on whether it is imported directly from Mexico or shipped from a supplier on the other side of the border. If the product is imported directly from Mexico, the importer gets a VET extension, which means that the importer is allowed to buy the merchandise in quantity for his personal use, then transport it to the buyer, and then resell or sell it once he gets back home.
The benefits to Mexico are twofold. First, by participating in the IMMEX Program, businesses in Mexico will have access to the products of other countries. That means they will be able to reduce their dependence on other countries, thereby increasing the competitiveness of their manufacturing process. Second, the United States will be able to reduce its trade deficit with Mexico by importing more goods that are made in Mexico.
As mentioned earlier, the main purpose of the IMMEX program is to facilitate cross-border commerce. There are several companies who have benefited from this program. One of these is Hyundai, which manufactures the Hyundai cars that are used in the United States. When a car manufacturer decides to build cars in Mexico instead of using Chinese sources, it will cost them hundreds of millions of dollars. However, if they are willing to join the IMMEX program, then they will be able to save millions of dollars. Furthermore, by participating in the international marketing of automobiles manufactured in Mexico, American consumers can also benefit as they will be able to buy imported vehicles that are produced in Mexico at a cheaper price.