MEXICO

Latin American countries continue to take trade-related actions in an effort to respond as effectively as possible to the COVID-19 pandemic. More

On January 29 2020, US President Donald Trump signed the United States-Mexico-Canada Agreement (USMCA) into law, completing the ratification procedure within the US. Under the new free trade agreement, products will generally face more demanding compliance requirements for duty-free treatment. To cope with the more stringent origin rules and limit on the use of foreign components, Hong Kong businesses should ensure they are aware of the new deal’s key changes and impacts on their exports. More

Mexico has created three new tariff breakouts in an effort to enforce a ban on electronic cigarettes as well as mixtures and solutions used with those products. More

President Trump signed the United States-Mexico-Canada Trade Agreement into law on 29 January. Mexico has already approved the agreement but Canada just began its ratification process this week. As a result, the agreement is not likely to take effect until mid-2020 at the earliest. More