It is expected that the next few years will be a challenging time for manufacturers in Mexico, with the automotive industry being particularly vulnerable as multiple pressure points come to a head: (1) the United...more
12/11/2024
/ Anti-Dumping Duty ,
Audits ,
Automotive Industry ,
China ,
Compliance ,
Countervailing Duties ,
Exports ,
IMMEX ,
Imports ,
International Trade Commission (ITC) ,
Manufacturers ,
Mexico ,
OEM ,
Regulatory Agenda ,
Russia ,
Tariffs ,
U.S. Commerce Department ,
United States-Mexico-Canada Agreement (USMCA) ,
USTR
The number of electric and hybrid vehicles sold in Mexico has grown since 2016. In 2021, 39,100 units were sold, of which 768 units were electric, 2,500 were plug-in hybrids, and the remaining were hybrid vehicles. Now that...more
Original Equipment Manufacturers (OEMs) operate in Mexico under a specific customs regime identified as fiscal deposit, which enables them to introduce into their authorized premises on an in-bond basis, machinery, equipment,...more
On October 29, the Mexican Government published in the Official Federal Gazette, an Executive Order to regulate the operation of diagnostic and prototype vehicles by automotive manufacturers, assembly companies or importers. ...more
While there is a growing understanding of the sanitary measures needed to restart manufacturing operations in a safe and efficient manner (i.e. social distancing, testing, masks & facemasks, others), the economic consequences...more
USMCA´s much expected “Uniform Regulations,” which will be binding in all three member countries, were finally issued on June 3, 2020, less than a month ahead of the July 1, 2020 entry into force of the Trade Agreement...more
We know that, as the internal ratification procedures for the United States of America–Mexico–Canada Agreement (“USCMA”) have concluded, the trade agreement will enter into force on July 1, 2020.
It is clear that the...more
In the three years it took for the United States-Mexico-Canada Agreement (USMCA) to come to fruition, there was much uncertainty surrounding trade relations with Mexico, yet U.S. business executives’ bullishness about...more
Fixed assets represent a significant capital investment for manufacturing companies. Such assets can include land, buildings, equipment, furniture, machinery and vehicles. Global manufacturing companies usually have an...more
The updated USMCA was signed on December 10, 2019.
These are not business-as-usual times in the trading world. As we know, there is the ongoing trade war with China, Brazil and Argentina are back in the steel and aluminum...more
12/17/2019
/ Aluminum Sales ,
Automotive Industry ,
Canada ,
Corporate Counsel ,
Cross-Border Transactions ,
Dispute Resolution ,
Environmental Policies ,
Free Trade Agreements ,
Imports ,
Intellectual Property Protection ,
Investor State Dispute Settlement (ISDS) ,
Labor Regulations ,
Mexico ,
NAFTA ,
Steel Industry ,
United States-Mexico-Canada Agreement (USMCA)
Auto part manufacturers that operate under an IMMEX Program and sell their products to Original Equipment Manufacturers (OEMs) in Mexico, should be aware that Mexican applicable regulations provide that OEMs that acquire such...more
Opportunities and challenges to think through before pursuing the Manufacturing, Maquiladora and Export Services Industry program (IMMEX)....more
It is common to hear that auto part manufacturers with plants in Mexico that export their final products or that sell them to Mexican Original Equipment Manufacturers (OEMs), operate under trade facilitation programs that...more
Due to what was firstly characterized as an illegal immigration crisis, and then as a measure to force companies to leave Mexico and return to the U.S., the Trump administration announced that starting June 10, 2019, it plans...more
6/5/2019
/ Automotive Industry ,
Canada ,
Cross-Border Transactions ,
Free Trade Agreements ,
Immigration Reform ,
Mexico ,
NAFTA ,
Supply Chain ,
Tariffs ,
Trump Administration ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies
Welcome to Foley’s new Automotive MarketTrends newsletter. In each edition, we will focus on a different aspect of the automotive sector and highlight key trends in the industry. The global automotive industry is experiencing...more