EconomyGovernment expands PACIC and seeks that the basic basket...

Government expands PACIC and seeks that the basic basket does not exceed 1,039 pesos

The federal government expanded the Package Against Inflation and Scarcity (PACIC) and expects prices to drop by 90 pesos.

President López Obrador and the Secretary of the Treasury, Rogelio Ramírez de la O, said that with this pact it is expected that 24 products of the basic basket will drop on average from 1,129 pesos to 1,039 pesos and that they will remain so until February 28, 2023.

“The companies represented here and the Federal Government have jointly analyzed this situation as worthy of maximum attention for the inflationary moment and reached the following agreement based on trust,” said the Secretary of the Treasury, Rogelio Ramírez de la O.

The agreement includes exemption from import and export procedures for products to companies that voluntarily adhere to this package.

“The license is going to help a lot so that we have free trade and there is free competition, thus guaranteeing prices,” said the president.

With this license, the authority will suspend the review of any regulation that is considered to prevent or make the importation and importation of food and its mobility within the country more expensive.

This includes tariffs, non-tariff barriers to foreign trade and other requirements for entry and national circulation, according to the Treasury. Cases of food products will also be addressed to overcome unfair competition.

The government will maintain gasoline subsidies and will freeze concession highway rates until February 28, 2023.

The production of grains in which Mexico is insufficient will also be strengthened and the export of white corn, beans, sardines, aluminum and steel used in food packaging will be canceled until February of next year.

The companies agree to be verified by Profeco and if they fail to comply, they will be sanctioned.

15 companies attended the presentation of this PACIC exemption, among which the tuna companies Tuny and Dolores, Grupo Gruma and Maseca, Misna, Bachoco, Huevos San Juan, Sukarne, Grupo Gusi, Opormex, Sigma Alimentos, Walmart, Soriana, Chedraui stand out. , Calvary and Valle Verde.

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