On December 24, 2010, Mexico published important amendments to the Decree for the Development of theManufacturing, Maquiladora and Export Services Industry (IMMEX Decree) in the Official Journal of the Federation(Diario Oficial de la Federación or DOF). Among other important points, the amendments eliminate the ALTEX andECEX Decrees, establish a new definition for the concept of “maquila operations,” as well as provide new causes forcancellation and suspension of IMMEX programs. The IMMEX Decree amendments will become effective 90 daysfollowing their publication in the DOF (except for the definition of the term “maquila operations,” which becameeffective January 1, 2011), and apply to all companies operating under the IMMEX program. Such companies shouldcarefully review how the changes could potentially impact their operations. For more details on the changes, we referyou to the article prepared by Cacheaux, Cavazos & Newton (CCN) and published at the websitewww.mexicanlaw.com
