FDI in Mexico
Foreign Direct Investment (FDI) in Mexico exceeded U.S. $36 billion in 2023. In just the first six month of 2024, FDI exceeded U.S. $31 billion. Is Mexico on track for $60 bill in FDI in 2024? Nearshoring is a focal point for the new administration. Of those countries investing in Mexico in 2024: United States 44%, Germany 13.5%, Japan 10%, Spain 8%, Canada 6%, Argentina 6%, United Kingdom 3%, Netherlands 2%, Belgium 2%, South Korea 1%. Is the United States a primary market for your product? Contemplating moving manufacturing to Mexico? We have experts at BLG regarding IMMEX via our Mexico Legal Counsel.
All Light
All light whether it’s a flashlight, sunlight, or a light bulb in your house, travels at 186,000 miles per second, or just over 11 million miles per minute. The sun is about 93 million miles from Earth which comes out to about 8 minutes, 20 seconds for the sun’s rays to travel to Earth, or about half the time it takes for us to do a podcast on Hot Topics I International Trade. These 15 minute discussions are available on our website under the media tab.
Happy Halloween from BLG and BCG
Happy Halloween from Braumiller Law Group and Braumiller Consulting Group, experts in international trade law and import and export trade compliance.
Brendita Cordova BLG Intern
Bob Brewer interviews BLG intern Brendita Cordova. Brendita is a university student in Mexico where she is studying to become a lawyer. Brendita discusses that at the beginning of university studies a student can focus on their long-term career, so with 4-5 years of university study someone can be a lawyer in Mexico. They discuss some of the things Brendita has learned as an intern, including differences between Mexican and American business culture. BLG hopes to have Brendita join her mother their team after graduation to strengthen their Mexico trade practice.
BLG Blue
The color blue is associated with peace. It’s the color of a calm sea. It symbolizes inner tranquility, serenity and clarity. The color blue also slows down heart rate and breathing. It’s not coincidental that Braumiller Law Group is wrapped in the color blue. Relax, we’ve got you covered.
Superhero Updated
CTPAT
Customs Trade Partnership Against Terrorism is about building supply chain security and mitigating risk. CTPAT is an ever-evolving security program that was inaugurated by Customs and Border Protection in 2001 under the newly establish Department of Homeland Security. Today is is a multi-layer cargo strategy that works with the trade community to support and strengthen international supply chains. There are at least a dozen benefits to the program including reduced number of CBP examinations, front of the line inspections, shorter wait times at the border, possibility of enjoying additional benefits by being recognized as a trusted trading partner by foreign customs administrations that have signed a Mutual Recognition Agreement with the United States, eligibility for other U.S. government pilot programs such as the FDA’s secure supply chain program, priority consideration at CBP’s industry focused Centers of Excellence and Expertise, the best approach is to have a guide assist int he process of applying for entrance into the program and we just happen to have a CTPAT expert on campus.
Bananas
WIth regard to import and export, bananas are botanical berries not fruit. The HTS code for berries is different from that of bananas which is different from the HTS code for edible fruit in general. If you need help with classification BLG can assist.
USMCA GURU
Of the 21 FTAs (Free Trade Agreements) that the U.S. currently has in place none is more significant than USMCA (formerly known as NAFTA). The benefits of participation can be substantial. If you need some assistance in qualifying your merchandise, BLG has USMCA Gurus (formerly known as NAFTA Gurus) on campus. Jim Holbein, D.C. counsel for Braumiller Law Group, even helped negotiate the original NAFTA agreement. Our mantra is rooted in success, drawing from decades of experience.
AI
We would like to go on the record and state that AI will not be replacing any of our attorneys in the near future. Well maybe a few by 2050 as some will be 80 years old by then. Keep in mind they will have learned everything they know from us. So they, for all intents and purposes, are us. Maybe we could all eventually just go on vacation and let our AI’s do all the work. On second thought, they are really still just infants in the machine, ever evolving but still infants. Keep in mind the next time you engage with your favorite AI app for legal advice. BLG will be here if you need us, or possibly at the beach with cell service.
