Mexican Economic Newsletter – The Trading Room
The Trading Room is a Mexican Economic Newsletter prepared by Vázquez Tercero & Zepeda (VTZ) that specializes in international trade, customs, and tax law. Katherine Tai Before the Senate Finance Committee Yesterday, Ms. Katherine Tai appeared before the Senate Finance Committee for her confirmation as the US Trade Representative. On Wednesday, Ms. Tai’s opening statements […]
Mexican Berries Safeguards & New WTO DG – THE TRADING ROOM
Mexican Berries are saved from Safeguards On Thursday of last week, the United States International Trade Commission (USITC) determined not to impose safeguard measures on berries, specifically blueberries. The investigation of «global» safeguard measures began on October 9, 2020, at the request of the U.S. Trade Representative during the Trump administration. The safeguard measures could […]
COVID-19 and Economic Reactivation Plan in Mexico and more – THE TRADING ROOM
China, Korea, and the Comprehensive and Progressive Transpacific Partnership In recent weeks, China and Korea have expressed their intention to join the Comprehensive and Progressive Treaty of Trans-Pacific Partnership (“CPTPP”). Korea On the one hand, the Korean government announced that it pledged to work this year to join CPTPP during a ministerial meeting on international […]
December and January Developments on International Trade – The Trading Room
Developments Mid-December 2020 Trade-related decisions and regulations were published in December 2021. The most relevant in our opinion are the following: Mexico and CPTPP: Ministry of Economy made some changes to the procedure regarding the public tenders to access the import quotas per Mexico’s Tariff Rate Quotas established in Appendix A-1, which deals with dairy […]
Northern and Southern Border Region & New Minister of Economy – THE TRADING ROOM
The Northern and Southern Border Region The «Free Zone of the Northern Border» program will be valid until 2024 in accordance with the decrees signed by the President of Mexico, AMLO, on November 27th, 2020. Established in 2018, the program grants tax incentives on VAT, Income Tax («ISR»), and the Special Tax on Production and […]
COFECE Proposals & Global Economy – Economic Newsletter
Reactivating the Mexican Economy The Mexican Antitrust Commission (COFECE, acronym in Spanish) presented 12 measures in order to reactivate the national economy for the following relevant sectors: pharmaceutical, financial, energy, transportation, public procurement, and regulation. VTZ highlights that one of these measures focuses on International Trade regulations, specifically on trade remedies matters. In general, the […]
Mexico tackles Cheese and Yogurt Products & more – The Trading Room
USMCA Rail Corridor According to a Mexican news outlet, an interesting infrastructure project is being planned that will further integrate North America. The project entails a rail and logistic corridor that will connect the Mazatlan, Sinaloa, to Winnipeg, Canada crossing the United States. Per the report, 167 km of rail need refurbishment, and 87 km […]
USMCA Hotline and more | The Trading Room
USMCA Hotline for Labor Complaints On Monday, August 3, the United States Embassy in Mexico published, on its Twitter account, the «USMCA Hotline», which is a platform to receive complaints or information on labor matters. This should not come as a surprise because it was foreseen in article 717 of the USMCA Implementation Act. El […]
Mexican Investment Promotion Policy – The Trading Room
The Trading Room Mexican Investment Promotion Policy Must Change Susana Muñoz, director of the VTZ Chinese Desk and former government official of the Mexican Ministry of Economy, prepared a text on the decoupling of the global economy and its implications for Mexico. Taking into account that the 2020 US presidential election approaches, she addresses the growing […]
USMCA Labor Disputes | The Trading Room
In our Trading Room economic newsletter, we address Robert Lighthizer’s appearance before the U.S. Senate to share the 2020 Trade Policy Agenda, where he commented on possible USMCA Labor Disputes and the use of the rapid response labor mechanism as well as WTO actions; we also address the selection process for the WTO Director-General. Future Labor Disputes in […]
