Category Archives: Trade

CPTPP opens trade opportunities for Mexico

A major new trade agreement involving Mexico is raising hopes for juicy new export opportunities in some sectors, although others are wringing their hands.  The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), previously called the Trans-Pacific Partnership or TPP and designated the TIPAT in Mexico, entered into effect December 30, 2018 for Mexico and five other of the 11 signatory countries.  The initial group of six was joined by Vietnam on January 14.  The remaining four continue to pursue parliamentary approval of the deal and are expected to join officially in the near to medium term.  The pact updates trade rules and most importantly will reduce import tariffs between four countries in the Americas and seven countries in Asia, including Australia and New Zealand.  Importantly, China and the United States are not participating in the CPTPP. Continue reading CPTPP opens trade opportunities for Mexico

Uncertainty prevails as Mexico election looms

The world is now 18 months into the Donald Trump era, and there is no doubt the U.S. president is making an impact, not only on the United States but on its trade partners as well.  The U.S. media depict in alarming terms a country in a deepening state of social conflict, with polarized liberals and conservatives abusing one another in public and political candidates risking their careers by opposing the strongman in the White House.  We’ll save the 1930s-Nazi-Germany parallels for the cantina but from our vantage point here in Mexico, the ongoing state of uncertainty in U.S. public policy is a real nuisance for North America across the board. Continue reading Uncertainty prevails as Mexico election looms

Mexico-Europe FTA sparks cheesy wrangle

The North American Free Trade Agreement (NAFTA) is getting all the headlines these days, but under the radar, Mexico is also renegotiating its Free Trade Agreement (TLCUEM) with the European Union (EU) at the same time.   Negotiators for Mexico and the EU recently concluded the ninth round of talks, and while progress overall seems to be satisfactory, a cheesy conundrum has hove to the fore.  The EU seeks to reserve denomination of origin rights to the names of numerous cheeses, but Mexico is balking hard at some of the items on the list.  The case of Manchego cheese is among the top sticking points.  Manchego cheese, named after its region of origin in Spain, is a beloved Spanish artisanal sheep’s milk product.  Mexico, however, produces large quantities of a decidedly un-gourmet cow’s milk cheese labeled as Manchego.  If the EU were to have its way, Mexican producers would no longer be permitted to use the Manchego name on their cheese products. Continue reading Mexico-Europe FTA sparks cheesy wrangle