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The U.S. and Mexico share a 2,000-mile border with 47 active land ports of entry, and more than 200 years of diplomatic relations. Despite a sometimes contentious relationship between the two countries, U.S. exporters should consider Mexico an exciting growth opportunity. This video explains how NAFTA and now the USMCA have altered trade with Mexico; the process of exporting there, including documentation and compliance requirements; and the benefits and considerations for U.S. companies. ************** Request a free Shipping Solutions demo here: https://www.shippingsolutions.com/dem... Download free PDFs of dozens of export documents here: https://www.shippingsolutions.com/fre... Try our Restricted Party Screening Software for free: https://www.shippingsolutions.com/int... Find 100s of articles about various aspects of exporting on Passages: The International Trade Blog: https://www.shippingsolutions.com/blog For more on exporting to Mexico, read our article: https://www.shippingsolutions.com/blo... The Beginner's Guide to Export Forms: https://www.shippingsolutions.com/whi... Evaluating Export Markets: https://www.shippingsolutions.com/whi... ************** Exporting to Mexico: The Challenges —Frictions in the supply chain mean high prices for certain components and logistics services. —Mexico’s size and diversity make it difficult to find a single distributor to cover the entire market. —The Mexican legal system differs in fundamental ways from the U.S. system and can make exporting difficult. U.S. firms should work with competent legal counsel before entering into any business agreements in Mexico. —The banking system has shown signs of growth, but interest rates remain high. In particular, small and medium-sized companies may find it difficult to get financing at affordable rates. —Mexican customs regulations, product standards and labor laws may present challenges. —Violence has created insecurity in some parts of Mexico, including some border areas. U.S. companies need to conduct due diligence on potential partners and should be conservative in extending credit. The U.S. Commercial Service offices in Mexico can help by conducting background checks on potential Mexican partners. The Opportunities In many situations, the potential rewards of exporting to Mexico outweigh any challenges. The positive impacts of the USMCA mean that Mexico may be a better option for exporting than other countries, as Mexican companies, government agencies and entire industries are deeply familiar with and receptive to U.S. products and services. U.S. producers often find it straightforward to market and sell products and services in Mexico. Are you already exporting to Mexico or thinking about entering the market? Let us know in the comments what your experience has been like. Export Assistance These are some of the places where you can get in-country, trusted assistance if you encounter difficulties exporting to Mexico: —The U.S. Commercial Service —District Export Councils —Trade Missions sponsored by state and local trade offices —The International Trade Administration —The U.S.-Canada Chambers of Commerce Export Document Requirements for Mexico The documents you will need when exporting to Mexico will vary depending on your products, but may include the following: —A bill of lading —Commercial invoice —USMCA certification of origin —Packing List —Sales contract —Proforma invoice —Customs declaration —An insurance policy You can download free PDFs of these documents on the Shipping Solutions website. ************** 00:00 Introduction 00:57 The Challenges of Exporting to Mexico 02:05 The Opportunities of Exporting to Mexico 02:39 Export Assistance for Exporting to Mexico 03:05 Export Document Requirements for Mexico 03:29 Export Compliance Issues with Exporting to Mexico 04:00 Product Classification 04:16 Export License Determination 04:40 Restricted Party Screening 05:19 Export Documentation and Compliance Software ************** Make sure you subscribe to this channel for more practical advice for exporters and importers. / @shippingsolutions ************** #exportdocumentationsoftware #exportdocuments #usexportinghelp #usexportdocuments #shippingbillforexport #certificateoforigin #usmca #exportcompliance #exporting #exportlicense