Open Source Content Management

Dear clients and friends,

On 10 December 2019, the Protocol of Amendment to the T-MEC/USMCA was agreed upon and signed by representatives of Mexico, the United States and Canada. That Protocol, which includes amendments to the provisions on the environment, intellectual property rights, labor and rules of origin for the automotive industry (specifically concerning steel and aluminum), has since been made available to the public by the United States at the following link

MLSC_TMEC

and by México in the following link

MLSC_TMEC.

Dear clients and friends,

Today the governments of Mexico, United States and Canada signed in our country some amendments to the Treaty between the United Mexican States, the United States of America and Canada ("USMCA"), notwithstanding that an initial text had already been ratified by the Senate on June 19, 2019. 

Although the three countries had agreed on a definitive version of the USMCA that would substitute the North American Free Trade Agreement, its ratification by some members of the U.S. Congress was conditioned on including certain additional points, which resulted in a de facto reopening of the negotiations which concluded today.

Dear clients and friends,

Today the Decree amending various provisions of the Income Tax Law, the Value Added Tax Law, the Special Tax on Production and Services Law and the Federal Tax Code ("Decree") was published in the Official Gazette, which will enter into force, in general, starting January 1, 2020.

Dear clients and friends,

Today the Ruling amending how the Ministry of Economy issues General Foreign Trade Rules and Requirements was published in the Official Federal Gazette and it will enter into force tomorrow, December 10, 2019.

Dear clients and friends,

The Decree amending provisions of the Income Tax Law, the Value Added Tax Law, the Special Tax on Production and Services Law and the Federal Tax Code, was approved by the Congress of the Union ("Decree"), commonly referred to as the "Economic Package".

Dear clients and friends,

On October 28, 2019, the Ministry of Energy ("SENER") published in the Official Federal Gazette the "Ruling amending the Guidelines that establish the criteria for the granting of Clean Energy Certificates and the requirements for their purchase, published on October 31, 2014" ("Ruling") through which the criteria for granting the Clean Energy Certificates ("CELs") are changed primarily in benefit of the Federal Electricity Commission ("CFE") legacy power plants that generate electricity from clean energy sources (e.g. efficient cogeneration, nuclear energy, hydroelectric, etc.).

As you may be aware, on October 23, 2019, the Official Mexican Standard NOM-035-STPS-2018 issued by the Ministry of Labor and Social Welfare will come into force, which indicates guidelines with respect to psychosocial risk factors at work, their identification, analysis and prevention, and for promoting a favorable organizational environment in the workplace.

As you may know, on Tuesday, October 1, 2019 with 445 votes in favor, 0 against and 3 abstentions, the Plenary of the Chamber of Deputies approved reforms and additions to various provisions of the "General Health Law in matters of excess weight, obesity, front warning label of food and non-alcoholic beverages advertising".

With the entrance into force today of the rules established in the CIRCULAR 8/2019 for participants in the Interbank Electronic Payments System and others interested in acting in that role, Credit Institutions, other companies that professionally provide the service of transfer of funds and National Financing of Agriculture, Rural, Forest and Fishing Development, relative to changes to the Circular 14/2017 (Implementation of CoDi transfers) (the "Circular") published by the Bank of Mexico ("Banxico") on May 20, 2019 in the Official Federal Gazette, the Asociación de Bancos de México ABM, A.C. (the "ABM") and Banxico announced the initiation of operations of the new electronic payments platform developed by Banxico called Cobro Digital ("CoDi").

One of the strategic objectives of Pemex’s 2019-2023 Business Plan is to strengthen the financial situation of the company. For this purpose, business schemes that attract external investment for the development of infrastructure projects and thus increase hydrocarbon production will be implemented. One of these business schemes is the update of the Exploration and Production Integral Services Contract model ("CSIEE", for its initials in Spanish).