United States

USMCA: An opportunity for the auto parts sector

June 19, 2020 6:05 pm Thanks to the USMCA to be implemented on July 1st, the new rule of origin allows the national content in automotive manufacturing to increase from 62.5% to 75%. One of the most benefited states will be Sonora; its geographical location offers the entity the opportunity to attract new auto parts companies that want to settle… [+]

MAIN CUSTOMS CHANGES BY THE USMCA

June 5, 2020 7:30 pm On April 24th, the Secretary of Economy reported in a statement that the new Treaty between the United States, Mexico and Canada will be implemented on July 1st, 2020. The agreement contemplates some changes in customs matters compared to NAFTA and seeks to boost trade in the three countries, after the COVID-19 pandemic. These are… [+]

How do we move from NAFTA to USMCA?

January 29, 2020 6:59 pm In 1994, Mexico, the United States and Canada signed an agreement to establish a free trade zone between the three countries.  Carlos Salinas de Gortari, George H.W. Bush and Brian Mulroney put together teams to negotiate the rules that would regulate regional trade. The result is considered one of the biggest economic liberalization accomplishments in… [+]

Mexico seeks the approval of the USMCA to promote the labor reform

November 26, 2019 11:14 am The Mexican government is still waiting for Canada and the United States to ratify the United States, Mexico and Canada’s Free Trade Agreement (USMCA). On October 14, Mexico’s President, Andrés Manuel López Obrador, sent a letter to the U.S. congressmen explaining the steps Mexico will give to implement a new labor reform. His objective was… [+]

Democrats hope for the USMCA to be ratified before the end of the year

November 19, 2019 2:21 am Morena’s Parliamentary Coordinator in the House of Representatives, Mario Delgado, said U.S. Democratic congressmen are optimistic and confident that the USMCA could achieve ratification before the end of the year. During the U.S.-Mexico Inter-Parliamentary Meeting held in San Diego, California, Democratic Congresswoman Henry Cuellar said she is optimistic that the new trade agreement will enter… [+]

United States and China, in a fake trade war?

November 19, 2019 1:50 am Recently, a partial and staged agreement was announced in the trade war between the United States and China. However, it seems that this conflict will not come to an end, since there are constantly reasons to consider that there are no commercial foundations, since the two largest economies in the world probably seek to position… [+]

The automotive industry prepares for the USMCA

November 5, 2019 2:53 am Among the changes that will bring the Free Trade Agreement between Mexico, the United States and Canada, will be the modification of the rule of Regional Content Value of the automotive sector, which will go from 62.5 to 75%, this change will be given in 4 states with gradual increases in the percentage over a… [+]

Mexico has great opportunities for the USMCA

October 29, 2019 1:41 am The new labor policy proposed by Mexico in the USMCA trade pact leads to a debate among U.S. legislators. Due to their determination to find out what this reform proposes, Mexican President Andrés Manuel López Obrador sent a letter to the Speaker of the U.S. House of Representatives, Nancy Pelosi, about this new law that… [+]

A new trade war

October 15, 2019 1:01 am After a 15-year dispute at the World Trade Organization (WTO), the United States received approval to impose tariffs on European Union goods worth $7.5 billion annually because of illegal government support for the European aircraft manufacturer: Airbus. The decision brings the powers closer to a tariff war in the airline industry, but some analysts believe… [+]

USMCA: Ratification on 2020

October 9, 2019 9:19 am The USMCA is trapped between the political and electoral interests of the U.S. and Canada’s Congress. Its ratification and entry into force is far from materializing in the remainder of 2019, the most recent forecasts warn. The Foreign Trade specialist from the IBERO Business Studies Department, Aribel Contreras Suárez, pointed out the 70% chance for… [+]