Month: October 2018

NEWSLETTER (USMCA)

As a result of the negotiations held to modernize NAFTA, on September 30th, 2018, Canada and the United States reached a trade agreement, which both countries and Mexico will update the NAFTA, effective since the 90´s. The new agreement was called the United States, Mexico and Canada Trade Agreement (USMCA)

The text of the new trade agreement is expected to be signed before the end of 2018, and it will be sent to the Congresses of the three countries for to be duly ratified in accordance to the processes of each country.

The content of this text can be reviewed and downloaded in its English version, in the following link:

https://ustr.gov/trade-agreements/free-trade-agreements/united-states-mexico-canada-agreement/united-states-mexico

It is important to note that additional to the publication of the text of the USMCA, Associated Rules withsuch Agreement will be published, which we will inform you at the appropriate time.

It is important to note that in addition to the publication of the text of USMCA, Associated Rules will be published with such Treaty that we will inform you in due time.

In the next few days, information on specific points will be provided.

TMC Legal® staff, are at your disposal to support you with the interpretation and compliance with the aforementioned provisions.

carlos@tmclegal.com / Partner
karla.g@tmclegal.com / Associate
fernando.perez@tmclegal.com / Logistics & Foreign Trade