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Prosec is a tariff-reduction measure that avoids running into problems with NAFTA article 3 by allowing either foreign or domestic producers, irrespective of whether the finished good is intended for exportation or domestic sale, to petition the government for a reduction or elimination of a tariff
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resulting from NAFTA article 3. Article 3 states that no NAFTA member can waive or reduce import tariffs conditioned upon the export of the finished good to another NAFTA country. The result was that after Mexico joined NAFTA the tariff rates for many of the raw materials used by maquiladora
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19:(Program of Sectoral Promotion) is a program started by the Mexican government after the implementation of the
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Prosec only applies to certain sectors of the
Mexican economy including automotive, textile and electronics.
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manufacturing companies would have risen significantly, particularly for goods of
Chinese origin.
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23:(NAFTA) to overcome the challenges faced by international factories (
62:The auto pact: investment, labour, and the WTO
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64:. Kluwer Law International. p. 139.
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121:North American Free Trade Agreement
21:North American Free Trade Agreement
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106:Free trade agreements of Mexico
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111:Foreign trade of Mexico
91:Secretaria de Economica
60:Irish, Maureen (2004).
40:Applicable sectors
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88:(in Spanish)
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25:maquiladoras
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100:Categories
48:References
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36:rate.
29:Mexico
27:)) in
17:Prosec
66:ISBN
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