In the latest of a series of recent tariff developments, the White House has announced a temporary indefinite suspension of tariffs on certain goods from Canada and Mexico which comply with the United States-Mexico-Canada Agreement (USMCA) origin requirement, effective from 7 March 2025. The tariffs, initially imposed on 4 March 2025, included a 25% duty on Canadian and Mexican goods, with a reduced 10% rate for Canadian energy products. While several White House officials have…
We are excited to launch Nearshoring Quick Chats, a collection of short conversations to guide you through the opportunities and challenges of nearshoring in Mexico. Our lawyers will discuss the main implications and challenges in the legal sphere around this trend, brought around by the ongoing geopolitical events. Many of our clients look to expand or move supply chain operations to more economical jurisdictions (while staying close to critical markets). For companies that focus on…
The ratification of two of the worldâs mega-regional free trade agreements, namely the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), marks a significant milestone for Malaysia in its pursuit of bolstering foreign investments and expanding its trade horizons. Malaysia has successfully ratified the RCEP on 17 January 2022, followed by the ratification of the CPTPP on 30 September 2022. Subsequently, the RCEP came into force on 18…
Baker McKenzieâs Global Compliance Blog published âGlobal: Raw Material Agreements: The New Trade Frontier,â which can be viewed here.
Baker McKenzie’s Global Compliance News Blog published “Vietnam: Indo-Pacific Economic Framework for Prosperity,” which can be viewed here.
Baker McKenzie’s Global Compliance News Blog published “Africa and United States: Increased engagement regarding trade creating opportunities in the African free trade area,” which can be viewed here.
Baker McKenzie’s International Commercial & Trade Blog published “Regional Comprehensive Economic Partnership Agreement (RCEP),” which can be viewed here.
Baker McKenzie’s Global Compliance News Blog published “United Kingdom & Vietnam: New circular to implement the UK-Vietnam FTA’s rules of origin,” which can be viewed here.
USMCA Implementing Regulations On July 6, 2021, US Customs and Border Protection (CBP) and the US Department of the Treasury (Treasury) published in the Federal Register the notice for the USMCA Implementing Regulations Related to the Marking Rules, Tariff-rate Quotas, and Other USMCA Provisions interim final rule. The interim rule is effective July 1, 2021. The rule amends CBP regulations to include implementing regulations for the preferential tariff treatment and related customs provisions of the…
Baker McKenzie’s InsightPlus published “Peru: Tariff preferences procedure between Peru and the United Kingdom is approved,” which can be viewed here.