TPP provides the first opportunity for SMEs to grow

Over 20 years ago there was a different Mexico in which there was no support national firm; transparency and competition are key to the development of enterprises TPP provides the first opportunity for SMEs to grow. The Trans-Pacific Economic Partnership Agreement (TPP) opens an opportunity for small and medium enterprises to foster a growth model based on transparency and global competitiveness. This after they were not included in the Free Trade Agreement with North (NAFTA) America, because he had a different now Mexico and a series of legal reforms to include SMEs in these international trade agreements is required. The partner Practices Governmental Affairs consultant Jones Day Mexico, Luis Rubio, and who was part of the negotiating team of NAFTA, he recalled that at the time the agreement with North America came to a very different Mexico, as an economy it had closed, without international law and a protectionist market. So, he said, had to change the laws of intellectual property protection, antitrust, foreign investment, customs opened, they settled preferential tariffs and rules of origin were determined. “The TPP while taking principles of NAFTA, is to upgrade and strengthen, for example in e-commerce, intellectual property, generic drug development and research as well as financial transactions and opening more markets” specialists said.

He said that although the TPP will have tariff trade in part on smaller companies obligations imposed on member countries a minimum treatment and transparency for business. “With the NAFTA fought competing with countries that did not require them to comply with the established laws, which caused unfair competition, labor and environmental matters. “The TPP it comes to imposing obligations for productive enterprises and provisions for SMEs, where the governments of the parties have to make procedures easier, provide transparency in procedures, simplify processes and avoid corruption,” he said. Thus, Rubio said, the TPP includes the principles of international law and updated in a more complete platform. He said the agreement adopts the principle of NAFTA so that it does not become more restrictive legislation and adds a clause for governments to promote competition of SMEs. “Governments cannot change existing legislation to make it more restrictive, it is a principle that is NAFTA, on the other hand, incorporates a proactive action to have legislation that promotes competition for SMEs,” he said. Thus, the TPP agreed to promote a model of growth in the value chain of the role of SMEs; for this, it was agreed to give the same value to physical products and services and electronic commerce.

Through these channels, SMEs can join the commercial chain via electronic commerce, placing on the market not only their material products but “their talents in the service and creativity in intangible assets”. According to Rubio sectors best prepared for entry to the new economic model are manufacturers of export goods and the aero industrial. For its part, he considers that agricultural is the most vulnerable, but not particularly Mexico, by predicts that countries will continue to maintain reserves in these products and even impose quotas or safeguards if an impairment is observed following the entry into force.

Source: MéxicoXport