UPDATE (FEB. 7th, 2019): So far, it only spread to other consumer goods retailers and manufacturers within Matamoros and a few other maquiladoras not previously represented by SJIIM-CTM. RESULTS: 48 Companies on strike where Union has asked for an increase of 20% of wages plus a bonus of 32K mexican Read more…
Are we closer to 2 bilateral trade agreements? “UMFTA” or “MUFTA” (US-Mexico Free Trade Agreement) or “CUSFTA” (Canada-US Free Trade Agreement)? There has been much ado about little this week on NAFTA 2.0. As Canada is put in a “take it or leave it” position just 3 days away from the Read more…
The experts’ consensus was that NAFTA 2.0 negotiations were going to be restarted in the fall of 2018, probably after the US mid-term elections in early November, especially since the US and China were slowly working out their differences during spring of 2018. Summer came and with it a worsening Read more…
Look for major decisions to be made in April or May that will decide the fate of NAFTA for good (or worse). The following timeline shows the key dates to look forward to this year regarding NAFTA: You can read more about Mexico’s potential new NAFTA negotiator Jesús Read more…
The operative word: China. Why? In 1994, China was a very small player in the world economy including NAFTA. After it’s accession to the WTO, it has managed to gain huge manufacturing surpluses both in the USA and Mexico. It has eaten up both US exports to Mexico and Mexican exports Read more…
Happy new year 2018! We are excited (and a bit worried) about what is coming up this year so we wanted to share it with you. Expect more updates from us on relevant topics throughout this year! Mexican Congress deadline for creating new Labor Courts in Mexico: February 28, 2018. Read more…
(Updated on May 16th, 2018) The Trump Administration wants Rules of Origin in the automotive industry to be national and not trinational. That is contrary to the spirit of integration of NAFTA and it is going to be opposed by Mexico and Canada. Currently, NAFTA requires 62.5% of trinational integration Read more…