Customs authorities may investigate companiesĀ“ compliance with the customs procedures and rules of origin and initiate a new origin verification proceeding against those that used a NAFTA Certificate within a 5 year retroactive period.
On April 6, 2017, Mexico published in the Mexican Official Gazette an enactment decree to amend the Marrakech Agreement that created the World Trade Organization (WTO). This amendment consisted of the incorporation of the Agreement on Trade Facilitation (ATF) set out in Annex 1A to the WTO Agreement.
Have you heard about the Mexican āFourth Transformation (4T)ā? Well, this is how Mexican President Andres Manuel Lopez Obrador (AMLO) wants his term in office to be known as. He says, throughout the course of the history, Mexico has gone through 3 important episodes: 1. Independence, 2. Reform, 3. Revolution, and 4ā¦: the 4T.
USMCA (T-MEC as it is formally called in Mexico) will enter into force on July 1, 2020. At least this is what the government of the Party members, the United States, Mexico and Canada have announced. In this case, operations occurring after this date will no longer be covered by NAFTA as this treaty will be terminated and consequently replaced by the USMCA.
In November of 2006, the Mexican government abolished the Maquiladora and PITEX Programs and created the IMMEX Program. IMMEX stands for Industrial Manufacturera Maquiladora y de Servicios de Exportacion (literarily translated into English as Manufacturing Maquiladora and Export Services Industry).
