July 15, 2020

Mexico approves in extremis the legal reforms to launch the T-MEC



The Mexican Chamber of Deputies ratified on Tuesday four legal initiatives to adapt Mexican legislation to the new trade agreement between Mexico, the United States and Canada (T-MEC) within hours of its entry into force.

In an extraordinary session marked by the interpersonal distancing due to the COVID-19 pandemic, the deputies approved of harmonizing Mexican laws with the T-MEC standards regarding copyright, anti-piracy, medical patents and the environment.

The Chamber of Deputies thus gave the green light to the two laws and two reforms approved on Monday by the Senate after an agreement by all parliamentary groups.

In the session, the Industrial Innovation Protection Law was approved, which regulates industrial secrets and sanctions acts against industrial property and unfair competition.

This text, which is the one that generated the most debate in previous days, establishes that the new drugs will be patented for 20 years, but from the first day of the patent, the manufacture of generics may be investigated in order to be able to market them from the same day that this expire.

Likewise, the Quality Infrastructure Law was approved, which regulates environmental protection standards, and the Federal Copyright Law as well as the Federal Penal Code were amended to sanction piracy.

“We continue making history! We closed the extraordinary period and unanimously of all the Parliamentary Groups we approved the necessary reforms for the entry into force of the T-MEC,” said at the end of the session the deputy Mario Delgado, leader of the bench of the ruling Movement Regeneración Nacional (Morena), on Twitter.

In addition to these two laws and two reforms, the Senate amended the General Import and Export Tax Law the previous day, to update the tariffs, and approved the Environmental Cooperation Agreement between Mexico, the United States and Canada.

This Wednesday, July 1, the T-MEC will come into force to replace the North American Free Trade Agreement (NAFTA), in force since 1994.

Upon coming to power in 2017 in the United States, Donald Trump forced the negotiation of a new trade agreement that representatives of the three governments finally signed on December 10, 2019 in the Mexican capital.

Mexican President Andrés Manuel López Obrador plans to travel to Washington in July to meet with Trump in the first meeting that both presidents would hold, and in what would be his first departure from Mexico since he came to power on December 1, 2018. .

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