With the United Kingdom´s (UK) withdrawal from the European Union (EU), a new trade agreement was necessary between Mexico and the UK to maintain preferential tariffs and market access.
For this reason, in December 2020, the Trade Continuity Agreement between Mexico and the UK was signed, as well as the Agreement related to Article 12 of the Trade Continuity Agreement between Mexico and the UK. Both agreements are aimed at maintaining and expanding preferential market access between the two countries.
As mentioned in our Legal Alert of April 30, the Trade Continuity Agreement had to be published in the Official Gazette of the Federation (DOF) to become legally binding in Mexico.
Today, Tuesday, June 1, 2021, the Trade Continuity Agreement was finally published, entering into force on such date. The following decrees were published in the DOF:
In addition, the Mexican Ministry of Treasury also issued the Resolution that establishes the General Rules related to the application of the customs provisions of the Continuity of Trade Agreement between Mexico and the UK.
In this regard, Rules 2.2.2 and 2.2.3. provide the mechanism for the refund or compensation of duties paid by importers of goods that qualified as originating in the UK and were imported into Mexico as of January 1, 2021; as noted, this is the date that the UK’s exit from the European Union became effective, and prior to the entry into force of the Trade Continuity Agreement in Mexico.
In addition to the publication of the aforementioned decrees, the following five instruments necessary to guarantee preferential access for products between Mexico and the UK were published in the DOF:
The purpose of these instruments is to provide the necessary information to economic operators in Mexico regarding the requirements to access the preferential quotas provided in the Continuity Agreement.
The Trade Continuity Agreement establishes that Mexico and the UK will begin negotiations for an ambitious, modern and comprehensive free trade agreement as soon as there is an opportunity and within one year of the entry into force of this Agreement. In other words, before June 1, 2022, both countries commit to start negotiations for a free trade agreement that will seek to strengthen and expand preferential access between both markets.
Finally, both countries commit to make every effort to conclude the negotiations of the free trade agreement within a period of three years from the entry into force of this Agreement, that is, before June 1, 2024.
Import & Export, Mexico-UK Trade Relation, trade, Trade Continuity Agreement, United Kingdom
Con la salida del Reino Unido (RU) de la Unión Europea (UE), México y el RU necesitaban celebrar un acuerdo comercial para mantener las condiciones comerciales preferenciales.
Es por ello que, México y el RU firmaron el Acuerdo de Continuidad Comercial y el Acuerdo Relativo al Artículo 12 del Acuerdo de Continuidad Comercial, en diciembre del 2020.
Tal y como lo mencionamos en nuestra Alerta Legal del pasado 27 de abril, el Acuerdo de Continuidad Comercial debía publicarse en el Diario Oficial de la Federación (DOF) para que entrara en vigor.
El día de hoy, martes 1 de Junio de 2021 el Acuerdo de Continuidad Comercial finalmente fue publicado en el DOF, por lo que entra en vigor el día de hoy:
Asimismo, se publicó la Resolución que establece las Reglas de Carácter General Relativas a la aplicación de las disposiciones en materia aduanera del Acuerdo de Continuidad Comercial entre México y el Reino Unido de la Gran Bretaña e Irlanda del Norte, emitida por la Secretaría de Hacienda y Crédito Público.
En las Reglas 2.2.2 y 2.2.3. se prevé el mecanismo para la devolución o compensación de los aranceles pagados por importadores de mercancías que calificaron como originarias del RU y que fueron importadas a México desde el 1 de enero de 2021, fecha en que se hizo efectiva la salida del Reino Unido de la Unión Europea, y previo a la entrada en vigor del Acuerdo de Continuidad Comercial.
Además de la publicación de los decretos ya mencionados, se publicaron cinco instrumentos necesarios para garantizar el acceso preferencial de productos entre México y el RU:
El objetivo de estos instrumentos es brindar información necesaria a los operadores económicos en México acerca de los requisitos de acceso a los cupos preferenciales que se prevén en el Acuerdo de Continuidad.
El Acuerdo de Continuidad Comercial establece que México y el Reino Unido iniciarán negociaciones para un ambicioso, moderno e integral acuerdo de libre comercio tan pronto como haya oportunidad y dentro de un plazo de un año a partir de la entrada en vigor del Acuerdo. Es decir, antes del próximo 1 de junio del 2022 ambos países se comprometen a iniciar negociaciones para un acuerdo de libre comercio que buscará fortalecer y ampliar el acceso preferencial entre ambos mercados.
Finalmente, ambos países se comprometieron a hacer todo lo posible por concluir las negociaciones del tratado de libre comercio dentro de un periodo de tres años a partir de la entrada en vigor del presente Acuerdo, esto es, antes del 1 de junio del 2024.
Acuerdo Comercial, Acuerdo de Continuidad Comercial, Comercio Internacional, Import & Export
Vazquez Tercero & Zepeda (VTZ) have contributed for the second time with Thomas Reuters Practical Law in the guide regarding International Trade in Goods and Services in Mexico.
Our Managing Partner, Adrián Vázquez, as well as our associates, Mariana Malvaez and Emilio Arteaga, responded to a Q&A guide that covers key matters relating to the regulation of international trade in Mexico, such as
To access the guide, click the following link: International Trade in Goods and Services in Mexico.
AMLO, CPTPP, customs, featured, Import & Export, Mexico, NAFTA, TPP, trade, trade remedies, WTO
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