In the News: Mexico, Border Delays, Customs Clearance, UK-Korea Trade

Mexico pitches tax breaks to lure foreign investment

“Deputy finance minister Gabriel Yorio said in a post on X the incentives would apply to 10 sectors of the economy, including the manufacture of batteries, engines, fertilizers, pharmaceuticals, medical instruments and agribusiness.”

[Reuters]

Texas resumes cargo truck inspections at Laredo port of entry

“The Texas DPS inspections in Laredo are in addition to commercial checkpoints the agency began Sept. 20 at the Ysleta-Zaragoza International Bridge in El Paso and the Marcelino Serna port of entry in Tornillo.”

[FreightWaves]

ASEAN members ink deal to facilitate trade customs clearance

“Certified member states' AEOs will enjoy faster cargo clearance and priority treatment for cargo inspection for their goods traded within ASEAN.”

[GMA]

Britain, South Korea extend tariff-free trade on goods with EU links

“Without the two-year extension, British businesses would have faced high tariffs from Jan. 1 on exports of products made using EU components, under so-called rules of origin, and on products shipped via the EU.”

[Reuters]