9 FAQs About the USMCA

Posted by Carlos Calderon on August 3, 2020

It has already been a month since one of the most competitive regions in the world, which together generated more than 25% of the world’s GDP in 2019, finally entered into the United States-Mexico-Canada Agreement (USMCA).

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Mexico Manufacturing During the COVID-19 Crisis

Posted by Carlos Calderon on April 13, 2020

Like most of the countries in the world, Mexico has been and will be significantly impacted by the Coronavirus outbreak. With the shutdown of non-essential activities, the peso has devaluated, the index of risk has risen and unemployment rates have soared.

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US Senate Approves the USMCA

Posted by Carlos Calderon on January 20, 2020

The United States, Mexico, Canada trade deal (aka. NAFTA 2.0), has finally been approved by the US Senate after 29 months of extensive negotiations. Republicans and Democrats came together to show support with 89 votes in favor of the new agreement.

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Where is the NAFTA Now?

Posted by Carlos Calderon on June 17, 2019

After Mexico, Canada and the USA officially signed the United States-Mexico-Canada Agreement (USMCA) in November 2018, many of us may have expected immediate action.  Clearly, that was not the case! It is expected that this new agreement will bring more investment opportunities to promote the creation of jobs, effectively positioning North America as the most competitive region worldwide.

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When Does it Make Sense to Expand to Mexico?

Posted by Carlos Calderon on March 19, 2019

When looking at the competition – especially in the automotive industry –the question on whether it makes sense to expand to Mexico will ultimately arise.  Our clients ask this often enough for us to note the key considerations required before determining if this opportunity is right for your business.

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Mexico’s Proposed New Tax Reform

Posted by Carlos Calderon on December 5, 2018

As of December 1, 2018, Mexico will have officially elected President Andres Manuel Lopez Obrador. His campaign was focused on topics such as security, education and culture, fight against corruption, compliance with the law, and correct execution of economic resources, to name the most relevant.

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How Tariffs Will Impact Your Mexican Operation?

Posted by Carlos Calderon on July 26, 2018

On May 31, the US Department of Commerce announced that tariffs on steel and aluminum were no longer valid for Mexico, Canada and the European Union. Hence, these countries became subject to a 25% and 10% tax on tariffs for these materials effective June 1.

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Carlos Calderon

Manager, Mexico Consulting

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