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A major new trade agreement involving Mexico is raising hopes for juicy new export opportunities in some sectors, although others are wringing their hands.  The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), previously called the Trans-Pacific Partnership or TPP and designated the TIPAT in Mexico, entered into effect December 30, 2018 for Mexico and five other of the 11 signatory countries.  The initial group of six was joined by Vietnam on January 14.  The remaining four continue to pursue parliamentary approval of the deal and are expected to join officially in the near to medium term.  The pact updates trade rules and most importantly will reduce import tariffs between four countries in the Americas and seven countries in Asia, including Australia and New Zealand.  Importantly, China and the United States are not participating in the CPTPP. Continue reading CPTPP opens trade opportunities for Mexico →