It's the Law.MEDICINE & HEALTH Mexico's new anti-smoking legislation bars cigarettes in workplaces and public facilities and regulates tobacco marketing. www.ssa.gob.mx BANKING & SECURITIES Mexico modifies its retirement fund rules, altering the procedures for obtaining Department of Treasury permission to operate as fund administrators and fund investment societies. The changes also limit capitalization rates and commissions charged by the administrators. www.shcp.gob.mx Brazil's securities commission repeals a measure that says the registration of a company for its securities to be negotiated over the counter does not constitute authorization of stock exchange transactions. www.pinheironeto.com.br CUSTOMS United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. finalizes Nafta parity for textiles from the Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. and other Caribbean Basin Initiative The Caribbean Basin Initiative (CBI) was a unilateral and temporary United States program initiated by the 1983 "Caribbean Basin Economic Recovery Act" (CBERA). The CBI came into effect on January 1 1984 and aimed to provide several tariff and trade benefits to many Central countries. The Dominican Republic predicts the tariff relief will bring US$ 1 billion in revenues to the region through 2004. www.thomas.loc.gov Mexico sets tariff quotas under free trade agreements with Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. covering cocoa and deboned deboned carcass meat from which the bone has been removed. beef cuts and, with Chile, for apples, cheese, grains and alfalfa alfalfa (ălfăl`fə) or lucern (l sûn`), perennial leguminous plant (Medicago sativa . The quotas also affect Mexican avocados and honey sent to Costa Rica. www.secofi.gov.mx; www.naftaworks.org/downdof/dof2000.htm Mexico, triggering Nafta provisions, adds a 20% tariff to coffee products from the United States. www.naftaworks.org; www.secofi.gob.mx FOREIGN INVESTMENT The United States approves bilateral treaties with Bolivia, El Salvador and Honduras, entitling investors to free transfers of capital, profits and royalties. www.ustr.gov/releases/2000/10/00-73.html GOVERNMENT ADMINISTRATION The Department of Justice of Mexico will create a special unit to combat money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. . www.pgr.gob.mx SOURCE: National Law center for Inter-American Free Trade TransLegal Inc. |
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