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    International Contracts Act1

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    Tere Villegas Rodriguez
    This document contains a student's assignment responses about reforms to NAFTA laws in Mexico. The student identifies three key reforms: 1) broader access for US dairy exports to Canada, 2) countries agreed to free-floating exchange rates to prevent competitive devaluations, and 3) raising the required regional origin content for automobiles from 62.5% to 75%. However, the student was unable to find the specific amended articles or before/after text of reformed laws. The responses analyze the reforms' impacts, such as benefiting agriculture and dairy production sectors, potentially complicating accounting for some companies, and providing opportunity for Mexico's automotive sector to grow.

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    © All Rights Reserved
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    International Contracts Act1

    Uploaded by

    Tere Villegas Rodriguez
    85 views2 pages
    This document contains a student's assignment responses about reforms to NAFTA laws in Mexico. The student identifies three key reforms: 1) broader access for US dairy exports to Canada, 2) countries agreed to free-floating exchange rates to prevent competitive devaluations, and 3) raising the required regional origin content for automobiles from 62.5% to 75%. However, the student was unable to find the specific amended articles or before/after text of reformed laws. The responses analyze the reforms' impacts, such as benefiting agriculture and dairy production sectors, potentially complicating accounting for some companies, and providing opportunity for Mexico's automotive sector to grow.

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    international contracts act1

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    This document contains a student's assignment responses about reforms to NAFTA laws in Mexico. The student identifies three key reforms: 1) broader access for US dairy exports to Canada, 2) countries agreed to free-floating exchange rates to prevent competitive devaluations, and 3) raising the required regional origin content for automobiles from 62.5% to 75%. However, the student was unable to find the specific amended articles or before/after text of reformed laws. The responses analyze the reforms' impacts, such as benefiting agriculture and dairy production sectors, potentially complicating accounting for some companies, and providing opportunity for Mexico's automotive sector to grow.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    85 views2 pages

    International Contracts Act1

    Uploaded by

    Tere Villegas Rodriguez
    This document contains a student's assignment responses about reforms to NAFTA laws in Mexico. The student identifies three key reforms: 1) broader access for US dairy exports to Canada, 2) countries agreed to free-floating exchange rates to prevent competitive devaluations, and 3) raising the required regional origin content for automobiles from 62.5% to 75%. However, the student was unable to find the specific amended articles or before/after text of reformed laws. The responses analyze the reforms' impacts, such as benefiting agriculture and dairy production sectors, potentially complicating accounting for some companies, and providing opportunity for Mexico's automotive sector to grow.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Nombre: Matrícula:

    Valeria Guzman Villegas  2771993

    Nombre del curso: internacional contracts Nombre del profesor: 

    Módulo: Actividad: 1
    Módulo 1
    Fecha: 16 de febrero 2021
    Bibliografía: https://www.semana.com/internacional/articulo/cuales-son-los-cambios-
    al-nafta/262753/
    https://www.altonivel.com.mx/economia/26-anos-despues-asi-esta-mexico-despues-del-
    tlcan-y-antes-del-t-mec/

    1. Identify at least 3 national laws that were amended by the entry into force of NAFTA in
    Mexico.

     broader access for exports of dairy products from the United States to the
    Canadian market, with a share of 3.5% of the total.
     It introduces a monetary chapter, in which countries undertake to maintain
    regimes of free floating of their exchange rates, so that their values are
    determined by the markets, to prevent the authorities from carrying out
    competitive devaluations of their currencies.
     In the case of rules of origin for motor vehicles, the USMCA raises from 62.5 to
    75% the proportion of inputs of regional origin, which must contain a final
    product of the sector manufactured in each country, so that it can be sold in the
    market of the other two without being taxed with tariffs. It also establishes that
    at least 40% of the inputs must be produced in factories where a minimum
    wage of US $ 16 per hour is paid.

    2. Locate the articles that were amended for this purpose.

     Miss sorry, i don’t find information about this, also the point 3.
     can we clarify these doubts in class?

    3. Bring the whole and literal transcription of the selected law before and after the reform.

    4. Analyze the reform through a doctrinal point of view.

     This modification benefits the agricultural sector and the industrial sector in
    dairy production, as they can offer more.
     I think it will be a bit complicated for some companies since they already have
    an approximate reference of the exchange rate they handle and it would be
    something that can alter their accounting information from which they have
    always started

     It seems to me an opportunity for Mexico to grow in the automotive sector,


    increasing the production of auto parts, since it could present the opportunity
    for European or Asian companies to invest in Mexico.

    5. Present your own opinions.

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