The Fourth Additional Protocol of the Economic Complementary Agreement (ECA) number 55 has been published in the Mexican Official Gazette.
What are the changes?
In late June this year, Argentina suspended the tariff preferences granted to Mexico as part of the ECA 55, signed between both countries, under the statement of a growing deficit against them.
On August 24, 2012, the Mexican government filed a consultation request before the World Trade Organization Secretariat against measures applied by Argentina on imports of goods related to the automotive industry.
On December 14, 2012 the Argentinian authorities announced the withdrawal of the unilateral suspension.
Last week, the Fourth Additional Protocol of the ECA 55, regarding the automotive sector, was officially published as part of the satisfactory solution for both countries.
What do these changes mean?
To restore bilateral commerce and to attend the imperative circumstances of the automotive sector between Mexico and Argentina, this agreement will keep the tariff preferences on vehicles and parts classified in the HTS System. This measure will promote industry development, competitiveness and productivity.
Livingston can help
Livingston monitors and maintains in compliance with the latest changes in Mexican regulations. Impact is measured and informed to partners and clients.
This document is for reference only and clients are encouraged, where necessary, to refer to the original Mexican version in Spanish for any details or questions.
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