NAFTA boosted the centuries-old business relationship between Mexico and the United States by allowing both countries to benefit from a seamless workshop that undoubtedly made the pie larger. As with any 25-year-old contract, however, NAFTA needed to be revised. Negotiations required delicate balancing between technical and political issues, with motor vehicles and auto parts requiring the lion´s share of the modifications.
In this article, we take stock of the revised agreement and, at the same time, look ahead at what the 2019 business calendar may bring in Mexico through the following top four issues:
- The (possible) execution of the US-Mexico-Canada Trade Agreement (USMCA), and what it means, particularly, for motor vehicles and auto parts manufacturing and sales in North America
- The newly elected (2018-2024) Lopez-Obrador administration
- New Product Safety Requirements and Recall Procedures
- The New Mexican Anti-corruption Law
Read the entire article here.
Originally publish in The National Law Review.
Ventus Global Logistics has 30 years of experience providing freight and distribution services for international companies that do business in Mexico. Contact us today to find out how Ventus Global Logistics can facilitate seamless import and export of your goods across North America.