The Customs Tariff of the United States, known as the HTSUS, is the legal instrument that determines the classification of imported goods and the applicable tariffs. The HTSUS is based on the World Customs Organization (WCO) Harmonized System nomenclature for Chapters 1 through 97 at the HS 6-digit
The United States is a leading producer and exporter of goods and services that incorporate intellectual property, according to a World Trade Organization (WTO) report. According to estimates, intellectual property is present in approximately 60% of U.S. merchandise exports and more than one-third of U.S. GDP is generated
The four strategic sectors in which Mexico wants to increase domestic content are: electrical-electronics, pharmaceuticals and medical devices, electromobility and semiconductors. According to the Mexican government, the policy to increase domestic content will be the main driver of growth for Mexican small and medium-sized enterprises (SMEs), as well
The Mexico-U.S.-Canada Agreement (USMCA), in addition to product-specific rules, incorporates a Labor Value Content (LVC) requirement for automotive goods. Under this requirement, passenger cars and trucks are considered originating only if a certain percentage of their value is produced by employees whose minimum hourly wage is $16. The
The Mexican federal government’s main supports for corn producers are guarantee prices, Production for Well-Being and Fertilizers for Well-Being. Corn producers Guarantee Prices The establishment of guarantee prices for corn has helped small and medium-scale rural producers to have a better income for the work they do. From
In the first round of negotiation of the Indo-Pacific Economic Framework, 14 countries focused on agriculture-related provisions and initiatives. In May 2022, the United States launched the Indo-Pacific Economic Framework for Prosperity (IPEF) with Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand,