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Days after the US implemented the UFLPA Region Alert, Mexico has come up with a resolution seeking to ban imports of goods produced by forced labor.
Mexico has taken this decision in alignment with a provision of the US-Mexico-Canada Agreement. It demands that all the parties fully curb the import of goods produced wholly or partially by any kind of forced labor including child labor. This action of Mexico is being highly applauded as it promises deeper consolidation of USMCA partners toward tackling transshipment and erasing forced labor from international trade.
A trend can be seen as more countries coming together to stand against forced labor by prohibiting trade exchanges with the targeted regions or entities. As a result, companies involved in prohibited business activities are being heavily penalized. You can avoid this happening to your business by staying aware of the international developments in import and export compliance norms with Trademo Compliance.