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China asks the G20 to resist pressure to raise trade barriers

Chinese President Xi Jinping on Sunday called on the rulers of the United States, Germany and other major economies to resist pressure to raise trade barriers, at the start of a G20 summit.

Beijing faces complaints that it is flooding world markets with cheap steel, prompting claims of trade restrictions. The president of the European Commission called on the Summit to take action.

Shanghai, Xi called for more innovation to stimulate economic growth and reforms in the management of the global economy and finance. He called for greater cooperation on tax, anti-corruption and measures to "improve the ability of the world economy to withstand risks."

"We should build an open world economy," Xi said

The World Trade Organization predicts that this year a global growth of just 2.8%, the third consecutive year below 3%.

For its part, the governing body of the European Union called for measures to be taken against the huge Chinese steel industry.

The G20 "must urgently find a solution" to excess steel production, said European Commission President Jean-Claude Juncker. Juncker called on Beijing to accept a monitoring mechanism for overproduction that China's partners accuse of causing low prices and job destruction.

Washington has imposed tariffs of up to 500% on Chinese steel to compensate for what regulators see as inappropriate subsidies.

Another key issue at the summit is the vote last June in Britain, a member of the G20, in favor of leaving the European Union of 28 countries. Some analysts have interpreted that vote as the first in a series of decisions in other countries to withdraw from free trade.

China, the world's largest steel producer, has pledged to reduce its production capacity by between 100 and 150 million tonnes by 2020.

 

Source: http://eleconomista.com.mx/economia-global/2016/09/04/china-pide-g20-resistir-presiones-elevar-barreras-comerciales

 

 

 

 

The unipersonal patent with which customs agents currently work will change to a corporate patent, in line with what has been developed in other countries such as the United States.

The main objective of this patent is to ensure the continuity of the investments that customs agents have made in their companies, in the event of a death or permanent disability of the holder, since according to a previous official provision, as of next November, no longer they may appoint a substitute agent.

"The Secretary (of Finance and Public Credit), Luis Videgaray, has instructed the General Administration of Customs and the SAT so that together with Caaarem we work in a figure that allows them to achieve this objective," said Núñez in his speech during the inauguration of the 77th National Congress of Customs Agents.

In Mexico there are just over 900 customs agents who currently work in the different points where foreign trade activities are carried out, most of them linked to the Caaarem and who not only carry out customs activities but have been incorporating more logistics services to their businesses .

 

Source: http://t21.com.mx/logistica/2016/07/14/agentes-aduanales-tendran-patente-corporativa-sat

 

Mexico was admitted as a full member of the Wassenaar Arrangement (AW), which is a multilateral regime that seeks the non-proliferation of conventional weapons, and at the same time fosters a safe trade in technology and dual-use goods among the participating countries, including United States, Japan and nations of the European Union.

Said Arrangement is made up of 40 countries that adopt the lists of controlled goods and implement them according to their internal legislation (that is, each country determines how to internalize export controls).

This arrangement includes 342 fractions subject to control in addition to various goods that do not have a tariff fraction, such as software.

The integration of Mexico to the Agreement will reaffirm its commitment to the non-proliferation of weapons and will give the Mexican industry access to supplies not currently available, contributing to the development of the Mexican industry.

The income will give the national industry access to a potential high-tech export market of an additional $ 10 billion per year.

The Agreement by which the export of conventional weapons, their parts and components, dual-use goods, software and technologies susceptible to diversion for the manufacture and proliferation of conventional weapons and of massive destruction, was published in the Official Gazette of the Federation on June 16, 2011

This procedure is free and is currently done through the One-Stop Shop:

 

  • Application for Manifestation of Use and End User "MUF"
  • Application for a prior permit to export conventional weapons, dual-use goods, software and technologies susceptible to diversion
  • Modification and Extension of Prior Export Permit

 

If you want more information, do not hesitate to write to us at This email address is being protected from spambots. You need JavaScript enabled to view it.

 

South Korea asked Mexico to begin negotiations for a Free Trade Agreement (FTA) between the two and conclude them no later than 2017, to be approved by the current administrations of their respective governments.

Negotiations for a bilateral FTA were suspended in 2008, one of the main reasons for this was the lack of Korean investment in Mexico, which has been resolved with the 3,000 million dollars that a Korean company will spend in Mexico.

South Korea expects negotiations to start next October, with the expectation that trade liberalization will face less resistance this time from Mexican industrial sectors, especially the automotive and steel sectors, who opposed bilateral liberalization in 2008.

South Korea operates free trade agreements with Canada and the United States and is one of the first countries that is expected to join the Trans-Pacific Partnership Agreement (TPP, for its acronym in English),

If the TPP enters into force and with the imminent entry of South Korea, trade liberalization between Mexico and that Asian country has a high probability.

Given its strong infrastructure in maritime and air cargo transport, South Korea is not only an end point in the trade of goods and services, but also a center for expansion into other markets.

 

If you want more information, do not hesitate to write to us at This email address is being protected from spambots. You need JavaScript enabled to view it.

The ABC of the Authorized Economic Operator (AEO)

The Authorized Economic Operator (AEO) is a reliable and secure operator that intervenes in the international movement of goods on behalf of a national Customs administration, after an audit process of its organization, processes, administration and financial statements, and the compliance with a series of safety standards. The Authorized Economic Operators can be manufacturers, importers, exporters, dispatchers, carriers, intermediaries, port, airport, terminal, or warehouse operators or distributors.

Currently, many countries have programs of authorized economic operators, there are 60 programs within the 87 countries: the 27 countries of the European Union (OAS), the United States (C-TPAT), Canada (PIP), China, Japan , New Zealand, Republic of Korea and Singapore. In Latin America there are already AEO programs in Mexico, Guatemala, Costa Rica, the Dominican Republic, Panama, Colombia, Peru, Argentina, Jamaica, Uruguay and Brazil, to which the Bolivian AEO program joins. Other countries in the region, such as El Salvador, Ecuador, and Chile are in an advanced phase of program design.

MDI Trade Solutions

MDI Trade Solutions provides a set of Customs Brokerage services in Toluca, Mexico and the world, consulting in foreign trade and customs with a high quality work product, that adds value to your national and international commercial activities through a body of unmatched knowledge and experience to promote client profitability, risk mitigation and compliance.