investors are guaranteed equal treatment to domestic investors in Mexico and Canada. The government procurement provisions of the NAFTA apply not only to goods but to contracts for services and construction at the federal level. The agreement also provides intellectual property rights protection in a variety of areas including patent, trademark, and copyrighted material. NAFTA provides coverage to services except for aviation transport, maritime, and basic telecommunications. Mexico is the first or second-largest export destination for 27 U.S. products to Mexico in 2018 and USD 34 billion in services, for a total of USD 299 billion in U.S. The United States sold USD 265 billion of U.S. Two-way trade in goods and services totaled USD 678 billion, and this trade directly and indirectly supports millions of U.S. In 2018, Mexico was our third-largest trading partner (after Canada and China) and second-largest export market. Mexico is the United States’ third largest trading partner and second largest export market for U.S. exports to Mexico and Canada under the North American Free Trade Agreement (NAFTA). The North American Free Trade Agreement (NAFTA), which was enacted in 1994 and created a free trade zone for Mexico, Canada, and the United States, is the most important feature in the U.S.-Mexico bilateral commercial relationship. As of January 1, 2008, all tariffs and quotas were eliminated on U.S. The U.S.-Mexico-Canada Agreement (USMCA) entered into force on July 1, 2020, replacing the North American Free Trade Agreement (NAFTA). Economic Development Organizations (EDO).Foreign Direct Investment Attraction Events.Facing a Foreign Trade AD/CVD or Safeguard Investigation?.
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