Feb 8 • 16:43 UTC 🇲🇽 Mexico El Financiero (ES)

Government steps up efforts against piracy: Measures highlighted to bolster industries

The federal government of Mexico intensified its offensive against piracy, smuggling, and illegal trade, implementing a comprehensive strategy led by the Ministry of Economy.

The Mexican federal government has ramped up its offensive against piracy, smuggling, and illegal trade by launching a comprehensive strategy led by the Ministry of Economy. This initiative focuses on zero tolerance for these illegal activities and aims to coordinate inter-agency efforts to protect national industries, consumers, and value chains. This robust stance is part of a larger agenda to strengthen the formal economy and reduce the impact of informal markets that distort commerce and undermine tax collection.

The Ministry of Economy reiterated its commitment to a sustained and proactive fight against illicit commerce, working alongside federal agencies, state governments, and the productive sector. The implementation of measures designed to protect vulnerable sectors, such as textiles, footwear, steel, and sugar, is a key aspect of this strategy. This includes operations to seize illegal merchandise and the establishment of inter-agency tables to address unforeseen effects of public policies, thereby enhancing overall economic stability.

By adopting these measures, the government aims not only to diminish illegal activities but also to create an environment where formal industries can thrive, which is crucial for long-term economic development. The effort reflects a broader recognition of the need to mitigate the impact of informal economies on legitimate businesses and economic growth, suggesting a strategic pivot towards more stringent regulations and collaborative governance in the fight against economic crimes.

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