MEXICO

Latin American E-Commerce: A Fast-Growing Phenomenon

09 March 2022

The Covid-19 pandemic has spurred phenomenal growth in e-commerce in Latin America. As more and more consumers turn to online shopping via mobile phones, shopping platforms are luring cross-border e-commerce traders to expand into this part of the world. Countries in the region are also ramping up efforts to foster e-commerce, ushering in a period of vibrant market development over the next few years. More

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SINGAPORE: Free Trade Agreement with Pacific Alliance Countries Signed

08 February 2022

On 26 January 2022, Singapore signed the Pacific Alliance-Singapore Free Trade Agreement (PASFTA) with the Pacific Alliance, comprising Chile, Colombia, Mexico and Peru. More

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Mexico Issues Foreign Trade Rules for 2022

29 December 2021

Mexico’s Tax Administration Service (SAT) recently issued its foreign trade rules for 2022, which set forth a range of requirements for Mexican importers and exporters. More

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The E-Commerce Route into Mexico

04 October 2021

At a time when the pandemic has triggered a boom in e-commerce worldwide, Mexico in Latin America has one of the fastest-growing e-commerce sectors. The country has a huge consumer market with a population of some 130 million offering a trove of business opportunities. More

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Post-Covid Prospects: Mexico

20 September 2021

The Covid-19 pandemic has ravaged economies throughout Latin America and the Caribbean. This article offers an overview of how Mexico, the region’s second-largest economy, is recovering from its worst GDP downturn since 1932, with the help of a closer partnership with Hong Kong traders and investors. More

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CBP Plans Test of Improved Foreign Business Identifier

09 September 2021

U.S. Customs and Border Protection is planning to launch in spring 2022 a test of an improved method of identifying foreign business entities, supply chain roles, authorised economic operator programme status, and foreign addresses. More

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SINGAPORE: Pacific Alliance FTA Negotiations Concluded

04 August 2021

The country has successfully concluded negotiations with Chile, Colombia, Mexico and Peru, with regard to the establishment of the Pacific Alliance – Singapore Free Trade Agreement (PASFTA). More

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Mexico’s Bi-lateral Investment Agreement with Hong Kong Enters into Force

05 July 2021

On 10 March 2021, the Mexican Senate approved the bi-lateral investment promotion and protection agreement that Mexico signed with Hong Kong on 24 January 2020. With that formality complete, Mexican President López Obrador issued a promulgatory decree on 11 June 2021 establishing 16 June 2021 as the date of entry into force of the agreement. More

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The UK’s Latest Trade Agreements and Ongoing Trade Negotiations with Third Countries

03 December 2020

Since announcing its withdrawal from the EU, the UK has successfully negotiated numerous trade agreements and continues to actively engage in trade negotiations. As the UK will no longer benefit from trade agreements between the EU and third countries after 31 December 2020, it is working to reproduce the effects of such agreements in order to ensure the continuity of trading arrangements for UK businesses. More

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Mexico Implements New Trade Identification System for Imports and Exports

24 November 2020

Earlier this year, Mexican authorities unveiled a methodology to create and modify trade identification numbers to classify imports and exports at the ten-digit level. The first batch of ten-digit tariff lines (known as NICOs) was released on 17 November and includes a broad range of goods. More

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