Thursday, February 6, 2025

MEXICO

On 17 January 2025, Mexico and the European Union (EU) announced the final signing of the modernization of their Free Trade Agreement. This deal, which has been in negotiation for several years, aims to foster economic collaboration, promote sustainability, and strengthen global supply chains.

 Key Benefits of the New Agreement

 The modernized treaty offers extensive business opportunities and supports the ecological and digital transitions in both regions by:

Boosting service exports: Enhancing sectors such as financial services, transport, e-commerce, and telecommunications.

 

Strengthening supply chains: Improving the competitiveness of European industries through access to critical raw materials.

 

Ensuring fair conditions: Eliminating non-tariff barriers and promoting the protection of intellectual property rights.

 

Access to public contracts: EU companies will be able to participate in Mexican government tenders on equal terms with local businesses.

 

Protecting investments: Strengthening and safeguarding European investments in Mexico.

 

Encouraging digital transition: Introducing a specific chapter on digital trade to drive technological growth.

 

Promoting sustainability: Supporting the circular economy, including standards to encourage the reuse and repair of goods.

Tuesday, February 4, 2025

U.S. Trade Tariffs

 The latest round of U.S. tariffs has triggered a global chain reaction, with key trading partners retaliating, realigning supply chains, and reshaping trade policies. From North America’s countermeasures to Asia’s manufacturing pivots and Europe’s economic defense, every region is adjusting to the new reality.

Following the imposition of 25% tariffs on Canadian and Mexican imports by the U.S. (effective February 4, 2025), both countries have announced significant retaliatory measures. 

    • Canada has imposed 25% tariffs on $155 billion worth of U.S. goods.
    • The tariffs will be implemented in two phases:
      • Phase 1: $30 billion in tariffs effective March 4, 2025.
      • Phase 2: $125 billion in tariffs to be implemented after a 21-day public comment period.
    • Trade with the U.S. accounts for 77% of Canadian goods exports and 63% of imports, with exports responsible for 19% of Canadian GDP.
    • The provinces most reliant on U.S. markets include Ontario (81%), Alberta (89%), and New Brunswick (92%).

 Mexico’s trade relationship with the U.S. is deeply integrated under the USMCA framework.

    • The country is also leveraging agreements like the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to expand trade with Asia-Pacific economies.

Tuesday, January 28, 2025

Tariff Classification in 2025

 The Harmonized Tariff Schedule (HTS) has always been a cornerstone of international trade. But in 2025, it's importance is amplified as businesses brace for sweeping changes in U.S. trade policy. 

With proposed tariffs, increased scrutiny on compliance, and shifting global trade dynamics, accurate tariff classification is no longer optional—it’s essential.

US President Donald Trump has vowed to levy 10-20% tariffs on all goods entering the United States in a bid to boost domestic manufacturing. The president said he wants to encourage consumers and businesses to buy American-made products by making imported goods more expensive.

Every product imported or exported is assigned a 10-digit HTS code, which determines the duty rate applied. These codes categorize goods based on factors like:


  • Material composition.
  • Functionality.
  • Country of origin.

Accurate HTS codes ensure businesses:

  • Avoid penalties, audits, and shipment delays.
  • Navigate trade restrictions tied to the country of origin or product type.

Monday, January 20, 2025

Meet LIA, a Collie cross

 


This lady is Lia, her photo was taken prior to her jetting off to catch up with her humans in Hong Kong.

Lia flew from Dublin airport to HKG and was not phased by the journey which was arranged by the guys in www.pets-on-board.ie

Contact Pets on Board by phone +353 1 8867700 or email pets@uefl.ie


Pets on Board is operated by EFL International Distribution Ltd, 

WWW.EFL.IE

"Scout" hits the airways from Dublin airport.

 


Golden Retriever "Scout" departed Dublin airport destined to Dubai recently.

Safely tucked up with his favorite bed and comforts, Scout quietly took up residence in his transport cradle. Less than 24 hours later, Scout was reunited with his humans and started his next chapter in warmer climates. Thanks to the services of www.petes-on-board.ie, all went like clock work.

Best of luck Scout, stay out of that midday sun.

 Contact Pets on Board by phone +353 1 8867700 or email pets@uefl.ie

  WWW.EFL.IE


"Floyd" is a long distant flyer

 



This cool dud is Floyd, an English, Staffordshire Bull Terrier who recently departed from Dublin airport destined to Mexico. 

Floyd took to his specially made, transport kennel, like a true professional and was totally "chilled" in his attitude at the airport.

The guys over at www.pets-on-board.ie did a great job in looking after Floyd and we wish him a relaxing and long life in Mexico.

Contact Pets-on-board by phone +353 1 8867700 or email pets@uefl.ie

WWW.EFL.IE

Best friends depart to Norway

 


This is Teddy and Gwen who depart from Dublin Airport travelling to Oslo, Norway recently.

The guys over at www.pets-on-board.ie arranged for their safe transport, routed via Frankfurt, where they enjoyed a stop over before being feed and watered for their onward journey.

We are sure, like their owners, they will enjoy a wonderful time in Norway.


Pets on board are the pets department for EFL International Distribution Ltd

Phone: +353 1 8867700

www.efl.ie