Economy presents initiative for commercial chains to pay MSMEs in 20 business days

The federal government of Mexico presented an initiative to reform the Commercial Code so that large commercial chains are forced to pay their suppliers of micro, small and medium enterprises (MSMEs) within a maximum period of 20 days.

“Regarding the issue of MSMEs, one last point that I want to announce is that today we are putting at your disposal a proposal to reform the Commercial Code so that you can make it yours. Whose purpose is to guarantee timely payment to MSMEs. This proposal proposes that large commercial chains pay their small suppliers within a period of no more than 20 business days from the issuance of the invoice, “he said. Tatiana Clouthier, Secretary of Economy, in his appearance before commissions of the Chamber of Deputies.

Clouthier added that this change is intended to boost their MSMEs competitiveness.

The sector impacted by the payment is represented by National Association of Self-service and Department Stores (ANTAD).

The associated chains have a presence in all cities and offer consumers the benefit of acquiring their products in legal commerce.

It is made up of self-service stores such as Walmart, HEB, Ley, Costco and La Comer; departmentals such as Liverpool, Sears, Suburbia, Coppel and Sanborns and specialized ones such as Oxxo, Office Depot, Farmacias del Ahorro, Nutrisa and Steren.

In all of last year, ANTAD’s total sales were for 1 trillion 301,000 million pesos, a year-on-year decrease of 2.4 percent.

In a disaggregated manner, the sales of self-service stores totaled 468,000 million pesos (a growth of 7.7%), that of department stores totaled 295,000 million (a contraction of 13.6%) and the sales of specialized stores were 538,000 million (a decline of 2 percent).

Clouthier appeared on Thursday for the Third Government Report of President Andrés Manuel López Obrador.

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