On June 7, 2022 the Mexican Ministry of Economy published the new import and export tax law decree. The decree contains new tariffs, taxes, and provisions on Commercial Identification Numbers (NICO) and Harmonized Tariff Schedule (HS Codes). This follows the implementation of the Seventh Amendment of the Harmonized System directed by the World Customs Organization (WCO) to their members. The changes include international product codes for global trade.