It's the Law.TRADE The World Trade Organization has agreed to hear a complaint by Brazil against Canada in a five-year battle over subsidies to regional jet makers. Brazil claims that the export finance terms Canada offered its aircraft manufacturer, Bombardier, gave the company an unfair advantage when vying for a US$2 billion contract to sell 75 planes to Air Wisconsin. Brazilian jet manufacturer Embraer also sought the contract. The WTO See World Trade Organization. also is looking into Argentina's complaint that Chile did not follow WTO procedures when it restricted imports of wheat, wheat flour and vegetable oils from Argentina. www.wto.org CUSTOMS A decree issued by Mexico's Ministry of the Economy sets a 5% cap on import tariffs levied against certain machinery used by maquiladoras maquiladoras (mäkē'lädō`räs), Mexican assembly plants that manufacture finished goods for export to the United States. The maquiladoras are generally owned by non-Mexican corporations. . The decree reduces assembly plants' import fees and encourages the efficient replacement of equipment. www.se.gob.mx E-COMMERCE Venezuela now gives digital signatures the same legal weight as handwritten hand·write tr.v. hand·wrote , hand·writ·ten , hand·writ·ing, hand·writes To write by hand. [Back-formation from handwritten.] Adj. 1. ones. A new law also establishes a legal framework for Web commerce and a Superintendency Su`per`in`tend´en`cy n. 1. The act of superintending; superintendence. of Electronic Certification Services aims to protect Internet users from fraud. vlex.com/ve/revista/3 FOREIGN INVESTMENT Mexico has asked the Supreme Court of the Canadian province of British Columbia to throw out a US$16.7 million award to Metalclad Corp. The dispute arose when the municipality of Guadalcazar, in Mexico's state of San Luis Potosi San Lu·is Po·to·sí A city of central Mexico northeast of León. It was founded in the late 1500s and is a mining, transportation, and industrial center. Population: 659,000. Noun 1. , blocked Metalclad's construction of a waste facility. An arbitration panel arbitration panel A group of individuals charged with resolving a dispute between individuals and/or organizations. Arbitration panels to resolve investment disputes are sponsored by self-regulatory organizations such as NASD. said Mexico violated its Nafta obligations in the case. Mexico says the panel exceeded its authority. www.secofi.gov.mx ARBITRATION Peru now requires most business disputes in Lima and Callao court jurisdictions to go to a conciliation conciliation: see mediation. center for attempted resolution before lawsuits may be filed. Labor disputes and cases involving the government are exempt. Peru has 116 conciliation centers, 56 of them in Lima and Callao. www.congreso.gob.pe/paracas/juridica.nsf/resumena INTELLECTUAL PROPERTY Mexico's Institute of Industrial Property has granted trade name protection to bacanora, an alcoholic beverage from the state of Sonora; Cafe Veracruz coffee beans from the state of Veracruz; and amber found in Chiapas. www.impi.gov.mx SOURCE: National Law center for Inter-American FreeTrade (natlaw@natlaw.com); Translegal Inc. (translegal@earthlink.net) |
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