On July 14, 2021, the Mexican Federal Register´s evening version contained the Executive Order creating the National Customs Agency of Mexico (ANAM for its Spanish acronym). This step will elevate customs authorities’ rank...more
On June 12, the seventh resolution of amendments to Mexico’s General Foreign Trade Rules for 2020 entered into force. In that resolution, several rules were modified, among them Rule 2.4.1., which regulates the "Authorization...more
Fixed assets represent a significant capital investment for manufacturing companies, though, once made, they are just there to produce as expected and that is it, right? Not quite. We have recently seen a surge in Mexican...more
As previously mentioned in our February 15, 2021 insight, IMMEX companies in Mexico are required to electronically submit before the Mexican Ministry of Economy, an Annual Operations Report informing of their total amount of...more
Under a new Conformity Assessment Procedure issued by the Mexican Federal Telecommunications Institute (IFT, as per its acronym in Spanish), effective February 25, 2021, the Certificates of Conformity (CoC) covering telecom...more
Among the obligations that IMMEX companies need to fulfill to be in compliance with their Program authorizations, they must carry out annual export sales greater than USD $500,000 or representing at least 10% of their total...more
In relation to our recent insights Brexit: Mexico and the United Kingdom sign Trade Continuity Agreement and Brexit: A First Look at UK-Mexico Trade Continuity Agreement's Relevant Issues, the Governments of Mexico and the...more
As previously reported on December 15, 2020, the Mexican Secretary of Economy and the Secretary of State for International Trade of the United Kingdom issued a joint statement to communicate the signing of the UK-Mexico Trade...more
On December 15, 2020, the Mexican Secretary of Economy and the Secretary of State for International Trade of the United Kingdom, issued a joint statement through which they communicated the signing of the UK-Mexico Trade...more
Over the last several months, Mexico has made a number of important changes to the rules governing the importation and exportation of certain materials. This article focuses on changes to the rules governing compliance with...more
The Mexican General Import and Export Duties Law (“the Mexican Tariff”) was recently modified through a couple of decrees (effective Sept. 4 2020 and Oct. 23, 2020) to create tariff items that expressly identify electric...more
The United States–Mexico–Canada Agreement's (USMCA) de minimis provision allows a small percentage of outside-of-North America originating inputs that do not meet the applicable tariff shift, to be used in a qualifying USMCA...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
Due to the current COVID-19 outbreak in Mexico, and the corresponding force majeure health emergency that has been declared in the country, the Mexican Government´s health services and most of the health care provided by the...more
On March 26, 2020, the Agreement by which terms are suspended in the Ministry of Economy and administrative measures are established to contain the spread of coronavirus COVID-19 was published in the Mexican Federal Official...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
In Mexico the customs clearance of goods may be performed either directly by importers or exporters, or through customs brokers. When clearing goods directly, importers and exporters must do it through a legal representative...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
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Automotive Industry ,
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Imports ,
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Investor State Dispute Settlement (ISDS) ,
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Mexico ,
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Steel Industry ,
United States-Mexico-Canada Agreement (USMCA)
In recent posts, we have informed what does IMMEX stands for, and how a company may benefit from said trade facilitation program established by the Mexican government. As we have explained, IMMEX covers final products...more
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
Under an IMMEX Program, a company may temporarily import materials and assets into Mexico to be used in the production of final products to be exported, or in rendering export-related services with certain benefits....more
Opportunities and challenges to think through before pursuing the Manufacturing, Maquiladora and Export Services Industry program (IMMEX)....more