What are the possible risks that the RCEP represents in commercial terms for Mexico?
On November 15, 2020, after 8 years of negotiations, one of the largest Free Trade Agreements in the world was signed. It is the Regional Comprehensive Economic Partnership (RCEP).
Legality of NAFTA (USMCA) Origin Verification Proceedings Implemented by Mexican Customs
Customs authorities may investigate companies´ compliance with the customs procedures and rules of origin and initiate a new origin verification proceeding against those that used a NAFTA Certificate within a 5 year retroactive period.
The Mexico Agreement on Trade Facilitation
On April 6, 2017, Mexico published in the Mexican Official Gazette an enactment decree to amend the Marrakech Agreement that created the World Trade Organization (WTO). This amendment consisted of the incorporation of the Agreement on Trade Facilitation (ATF) set out in Annex 1A to the WTO Agreement.
New NAFTA: Who ‘dis?
NAFTA is out. USMCA is in. Just before the September 30 deadline to submit the full text of the new US-MX trade pact to Congress, Canada was able to agree to updated terms and sign on to the deal, narrowly preserving the tri-lateral trade agreement that will replace the North American Free Trade Agreement.
Does NAFTA 2.0 Modernization Mean More Opportunity for Fraud?
Many new technologies have erupted in the last 24 years, so sure, NAFTA was due for an update. Ecommerce has certainly also sparked the need for a facelift. But modernized provisions for certification of origin (which is how countries determine which shipments qualify for duty-free status) may lead to…
Navigating IMMEX/maquiladoras in Mexico
In November of 2006, the Mexican government abolished the Maquiladora and PITEX Programs and created the IMMEX Program. IMMEX stands for Industrial Manufacturera Maquiladora y de Servicios de Exportacion (literarily translated into English as Manufacturing Maquiladora and Export Services Industry).
