September 22, 2020

Mexico publishes decrees of laws harmonized with T-MEC in the Official Gazette

Mexico published in the Official Gazette of the Federation (DOF) the decrees of the laws that were approved this week by Congress to adapt them to the Trade Treaty of Mexico, the United States and Canada (T-MEC), authorities said Thursday.

The publication in the evening edition of the DOF on Wednesday, July 1 represented the last requirement for this day to come into force the laws, reforms and additions of laws appropriate to the T-MEC, which started on Wednesday.

The Mexican Senate approved on June 29 the reforms to five laws published this day in the DOF and on June 30, the Chamber of Deputies endorsed the decisions of the Upper House, they explained.

The DOF published the decree of the Federal Law for the Protection of Industrial Property that repeals the Industrial Property Law and the Quality Infrastructure Law that abrogates the Federal Law on Metrology and Standardization.

The decree that reforms and adds various provisions of the Federal Penal Code and the reforms and additions of provisions of the Federal Copyright Law were published.

The Industrial Innovation Protection Law regulates industrial secrets and sanctions acts against industrial property and unfair competition; the Quality Infrastructure Law regulates standards for environmental protection,

Meanwhile, the Federal Law on Copyright and the reforms to the Federal Penal Code apply to the unauthorized recording of cinematographic works.

The General Import and Export Tax Law allows tariffs on current international trade to be updated.

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

The President of Mexico, Andrés Manuel López Obrador, will make a visit to the United States on July 8 and 9 in which he plans to meet with the US president, Donald Trump, to celebrate the entry into force of the trade agreement in which he also participates Canada.


Source link