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The EU–Mercosur Free Trade Agreement: A Landmark Deal at a Critical Moment

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After more than 25 years of negotiations, the European Union (EU) and the Mercosur countries have reached and signed one of the world’s most ambitious trade agreements. The EU–Mercosur Free Trade Agreement (Agreement) is not only economically significant, but also politically emblematic for a commitment to rules‑based trade at a time of geopolitical fragmentation. The Agreement creates a free trade area covering more than 770 million consumers across Europe and South America, representing around 25%…

The Mexican government publishes an increase to the General Import Duty applicable to certain goods originating in countries with which Mexico does not have a Free Trade Agreement

By , and 2 Mins Read

On April 23, 2026, the office of the President published in the Federal Official Gazette a Decree amending the tariff schedule of the General Import and Export Duties Law and the Decree that establishes diverse Sectoral Promotion Programs (the “Decree”). By means of this Decree, the general import duty (“MFN”) applicable to 185 tariff classifications listed in the General Import and Export Duties Law (“LIGIE”) are increased to include rates ranging from 5% to 35%.…

Court of International Trade Rules IEEPA Tariffs Must Be Rescinded Within Ten Days

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In a landmark decision, the United States Court of International Trade (“CIT”) has ruled against the President’s imposition of tariffs under the International Emergency Economic Powers Act (“IEEPA”). The decision (involving two consolidated cases, V.O.S. Selections, Inc. et al. v. United States of America et al. and The State of Oregon et al. v. United States Department of Homeland Security et al.), is the first court decision on the Administration’s trade policy and the first…

EU and Singapore sign digital trade agreement

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On 7 May 2025, the EU and Singapore took a step forward by signing a landmark Digital Trade Agreement (“DTA”). The DTA is a self-standing agreement – meaning it is separate to the EU-Singapore Free Trade Agreement and the EU-Singapore Investment Protection Agreement. This comprehensive agreement goes beyond traditional trade deals, focusing specifically on facilitating digital trade and addressing emerging challenges in the digital economy. Upon implementation, the DTA should bolster consumer confidence, guarantee reliable data…

India/ UK: India and UK Agree ‘Landmark’ Free Trade Agreement

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On 6 May 2025, the United Kingdom (UK) and Indian Governments agreed a new ‘landmark’ free trade agreement (“FTA”) to increase long-term bilateral trade by £25.5 billion each year and drive economic growth in both countries. The UK Government believes the FTA will result in a £4.8 billion increase in UK GDP and a £2.2 billion increase in UK long-term year-on-year wages. The legal text of the agreement and regulatory details must first be finalised,…

US announces suspension of tariffs on certain goods from Canada and Mexico

By , , and 2 Mins Read

In the latest of a series of recent tariff developments, the White House has announced a temporary indefinite suspension of tariffs on certain goods from Canada and Mexico which comply with the United States-Mexico-Canada Agreement (USMCA) origin requirement, effective from 7 March 2025. The tariffs, initially imposed on 4 March 2025, included a 25% duty on Canadian and Mexican goods, with a reduced 10% rate for Canadian energy products. While several White House officials have…

Mexico: Nearshoring Quick Chats

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We are excited to launch Nearshoring Quick Chats, a collection of short conversations to guide you through the opportunities and challenges of nearshoring in Mexico. Our lawyers will discuss the main implications and challenges in the legal sphere around this trend, brought around by the ongoing geopolitical events. Many of our clients look to expand or move supply chain operations to more economical jurisdictions (while staying close to critical markets). For companies that focus on…

Malaysia’s Ratification of the RCEP and CPTPP

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The ratification of two of the world’s mega-regional free trade agreements, namely the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), marks a significant milestone for Malaysia in its pursuit of bolstering foreign investments and expanding its trade horizons. Malaysia has successfully ratified the RCEP on 17 January 2022, followed by the ratification of the CPTPP on 30 September 2022. Subsequently, the RCEP came into force on 18…