Chihuahua, Chih., November 17th, 2017.

Fiscal stimulus to gasoline and diesel for agricultural sector

On October 31th, the Mexican Ministry of the Finance and Public Credit (“MFPC”) published on the Official Gazette, the agreement 111/2017, establishes fiscal stimulus in gasoline and diesel for agriculture and fisheries sectors for the month of November 2017 which is related to the agreement 29/2015 published on the same newsletter on December 31th of 2015.

Through this instrument, the Ministries involved seek to provide competitive conditions for the Mexican primary sector in the face of the low prices of fuels of other countries, in which Mexico competes for the agri-food sector.

The aforesaid, in consideration that the gasoline and diesel are necessary for the productive labors in agriculture and fisheries sectors in Mexico, so that in accordance with the first article of the agreement 29/2015, the individuals and legal entities that are members of the “Padrón de Beneficiarios de Diésel Agropecuario” enjoy the fiscal stimulus published monthly by the MFPC, in the Official Gazette.