Mexico has postponed the implementation of a tax on cruise ship passengers for 6 months while introducing tariff exemptions for select goods, including wheat and ammonium sulfate, throughout 2025. These measures were outlined in presidential decrees published in the December 31st evening edition of the Official Gazette.
Cruise passengers arriving at Mexican ports will be exempt from an arrival fee during 2025-H1. This decision aims to bolster the country’s tourism sector and support local economies dependent on cruise-related activities.
Mexico will also suspend tariffs on various essential products, including wheat, wheat flour, ammonium sulfate fertilizer, steel, laminated products, fishing nets, buoys, ropes, and jar caps, for the entirety of 2025. These exemptions are designed to manage inflationary pressures and ensure stable prices for critical goods.
The initiatives align with Mexico's broader efforts to stimulate economic growth and control inflation, which registered a bi-weekly rate of 4.44% in mid-December 2024, down slightly from 4.54% at the end of November.
y reducing costs for industries reliant on the exempted products, the government seeks to promote economic stability and improve market conditions.
These fiscal adjustments demonstrate Mexico's dual commitment to supporting its tourism sector while addressing inflationary challenges through targeted economic measures.