Author

Adriana Ibarra Fernández

Browsing

Mexico is in the international spotlight as a prime nearshoring destination. With record-breaking 2023 investment and trade numbers, and an upcoming presidential election, 2024 will be a defining year for Mexico leveraging their nearshoring opportunity. In this pivotal year, we invite you to attend the flagship conference hosted by Baker McKenzie and the Atlantic Council in Mexico City to analyze how the future administration can leverage the nearshoring trend for the prosperity of Mexicans.  Date…

On August 15, 2023, the President of Mexico, Andres Manuel Lopez Obrador, published a Decree amending the Tariff Schedule of the General Import and Export Duties Law. The decree focuses on the implementation of temporary import duties ranging between 5% and 25% on goods classified in 392 tariff items covering steel, aluminum, bamboo, rubber, chemical products, oils, soap, paper, cardboard, ceramic products, glass, electrical material, musical instruments and furniture. These temporary duties are applicable as…

In recent years, we have seen a significant increase in Custom Audits by both Federal and State Tax Authorities, mainly to companies with foreign investment. We have seen Maquiladoras/IMMEX that were audited and received tax assessments in high amounts, including one for USD 70 million and one for USD 172 million dollars. What is the reason for these outstanding amounts and how can Maquiladora/IMMEX companies prevent these tax contingencies derived from these foreign trade audits?…

The US Trade Representative (“USTR”) announced that it is seeking comments concerning the operation of the United States-Mexico-Canada Agreement (“USMCA”) with respect to automotive goods, including the implementation and enforcement of the USMCA rules of origin for automotive goods. Producers of automotive goods, labor organizations, and other interested parties should consider submitting comments to USTR, which are due March 28, 2022. Background The USMCA Implementation Act requires the USTR, in consultation with the Interagency Committee…

Baker McKenzie’s Global Compliance News Blog published “Global: 2022: International Trade Developments in a Challenging New World,” which can be viewed here.

Baker McKenzie’s Global Compliance News Blog published “Multijurisdictional: 2021 Virtual Global Trade Conference,” which can be viewed here.

In brief On 24 July 2020, the First Resolution of Amendments to the Foreign Trade General Rules for 2020 (Resolution) was published in the Federal Official Gazette. In addition to the modifications we discuss in this article, the Resolution includes Annex 1 of such rules (referred to as foreign trade formats and models). It is noteworthy that the Ministry of Finance and Public Credit did not issue an advance version of the Resolution, which (with…

On April 10, 2013, the Fourth Resolution of Amendments to the Foreign Trade General Rules (FTGR) for 2012 and Annex 22 thereto was published in the Federal Official Gazette, which entered into force the day after its publication. Recent Developments By means of this resolution, the Ministry of Finance and Public Credit (SHCP, for its acronym in Spanish) amends and adds rules contained in Chapter 3.8 – Certified Companies, by modifying certain requirements to obtain…

Tuesday, April 23, 2013 Increased Customs Scrutiny and Enforcement Activity in Latin America Speakers: Adriana Ibarra-Fernandez (Mexico City), Alessandra Machado (Sao Paulo), Esteban Ropolo (Buenos Aires) Moderator: Terrie GleasonThe webinar will begin at 11:00 AM EST (US) and is scheduled to run approximately 90 minutes.Register today!Upcoming Webinar Dates and TopicsTuesday, April 23, 2013 Increased Customs Scrutiny and Enforcement Activity in Latin America Speakers: Adriana Ibarra-Fernandez (Mexico City), Alessandra Machado (Sao Paulo), Esteban Ropolo (Buenos Aires) Tuesday, June 4,…