As manufacturing in Mexico returns to pre-pandemic levels, several recent legal developments may affect those operations. Manufacturers, particularly those in the automotive industry, need to consider new Mexican labor...more
5/3/2023
/ Automotive Industry ,
Beneficial Owner ,
Collective Bargaining ,
Coronavirus/COVID-19 ,
Foreign Direct Investment ,
Foreign Investment ,
Free Trade Agreements ,
Mexico ,
Minimum Wage ,
Pensions ,
Supply Chain ,
Transparency ,
United States-Mexico-Canada Agreement (USMCA) ,
Vacation Pay
On May 20, 2022 the Secretary of Economy of Mexico, Tatiana Clouthier, and the Secretary of State for the Department for International Trade of the United Kingdom, Anne-Marie Trevelyan formally initiated negotiations towards...more
It’s the beginning of a new year! 2020 is over, COVID-19 vaccines are being administered, the USMCA is in effect, and there is an apparent unofficial understanding that the auto industry is essential in North America (Mexico,...more
3/26/2021
/ Automotive Industry ,
Coronavirus/COVID-19 ,
Enforcement Actions ,
Free Trade Agreements ,
Imports ,
Labor Regulations ,
Mexico ,
Outsourcing ,
Supply Chain ,
Tax Reform ,
United States-Mexico-Canada Agreement (USMCA) ,
Vaccinations ,
Value-Added Tax (VAT)
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
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)
A number of business certainties that we had grown accustomed-to during our adult-lives are being shaken. In addition to monitoring variables such as production-costs and import duties, international trade regulations are...more
11/12/2019
/ Aluminum Sales ,
China ,
Duties ,
Free Trade Agreements ,
Imports ,
Investor State Dispute Settlement (ISDS) ,
Manufacturers ,
Mexico ,
Most-Favored Nations ,
NAFTA ,
Steel Industry ,
Strategic Planning ,
Supply Chain ,
Trade Agreements ,
Trade Wars ,
United States-Mexico-Canada Agreement (USMCA) ,
WTO
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
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
The USMCA, signed on November 2018, is making its way through the legislative processes in the United States, Mexico, and Canada. Both Mexico and Canada will be closely looking at the eventual progress in the United States...more
Building upon the centuries-old business relationship between Mexico and the United States, NAFTA allowed both countries to benefit from a seamless workshop that clearly made the pie larger. The 25-year-old contract needed to...more
3/20/2019
/ Automotive Industry ,
Cross-Border Transactions ,
Exports ,
Free Trade Agreements ,
Manufacturers ,
Mexico ,
NAFTA ,
OEM ,
Steel Industry ,
Trans-Pacific Partnership ,
United States-Mexico-Canada Agreement (USMCA) ,
WTO
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
NAFTA boosted the centuries-old business relationship between Mexico and the United States by allowing both countries to benefit from a seamless workshop that undoubtedly made the pie larger. As with any 25-year-old contract,...more
On September 30, 2018, the United States, Mexico and Canada announced that they have reached an agreement on a “new, modernized trade agreement for the 21st Century” (USTR, 09/30/2018). Going by the new name of the...more
11/8/2018
/ Automotive Industry ,
Canada ,
Cross-Border Transactions ,
Free Trade Agreements ,
Manufacturers ,
Mexico ,
NAFTA ,
Supply Chain ,
Trade Relations ,
Trump Administration ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies
On August 27, 2018, the United States and Mexico publicized that they have reached a "preliminary agreement in principle" to update NAFTA. The third treaty-partner, Canada, would then join the negotiations on what is assumed...more
9/4/2018
/ Automotive Industry ,
Cross-Border Transactions ,
Exports ,
Foreign Relations ,
Free Trade Agreements ,
Imports ,
Mexico ,
NAFTA ,
Trade Relations ,
Trump Administration ,
US Trade Policies