Decree That Replaces The NAFTA With The USMCA. - International Law - Mondaq Mexico - Mondaq Business Briefing - Books and Journals - VLEX 810611413

Decree That Replaces The NAFTA With The USMCA.

Author:Mr Rafael Sánchez and Blanca Pineda
Profession:Cuesta Campos Abogados

On July 29th, the Decree approving the Protocol replacing the North American Free Trade Agreement (TLCAN, for its acronym in Spanish) with the Treaty between the United Mexican States, the United States of America and Canada (T-MEC, for its acronym in Spanish) was published in the Federal Official Gazette (DOF, by its acronym in Spanish).

The Protocol is composed of 34 chapters, their exhibits, and Parallel Agreements in relation to the following matters:

Essential vehicle safety devices. Effective market protection in accordance with Article 20.49 (biologics). Use of different names or varieties to refer cheese produced and distributed in Mexico and the United States. Definition of the scope of the termprior users. Consultation process as a result of the imposition of a measure which the United States may adopt under section 232 of the 1962 Trade Expansion Act...

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