Marcos Carrasco Menchaca

Partner

Marcos Carrasco Menchaca

Partner

Marcos Carrasco-Menchaca is a recognized international trade attorney, advising clients on international trade compliance, customs, free trade agreements, customs litigation, and taxation on foreign trade. He is a partner in the firm’s Transactions and International Trade Practices, where he handles international business transactions, regulatory matters, and administrative litigation.

Marcos is a trusted advisor on foreign trade to major multinational and national companies in the retail, fashion, oil and gas, automotive, auto parts, and manufacturing industries. He has broad experience in the implementation of governmental exportation programs, such as the registration of companies in the Mexican Maquila Program (IMMEX), VAT Certification, Sectorial Promotion Programs (PROSEC) and Drawback, among others. In connection to the foregoing, he advises in the compliance involved with such programs and assists companies during audits performed by the Mexican authorities.

Marcos is also experienced in customs valuation and has assisted global brand name companies in determining whether the payments of royalties, insurance, and freight fees must be considered as incrementing the customs value of imported goods, providing advisory on that regard during audit procedures from the Mexican authorities.

With respect to compliance with Free Trade Agreements provision, Marcos has advised companies in connection with verifications of origin under Free Trade Agreements, during the audit procedure, and in their defense against the denial for the application of preferential duties treatment.

Because of his background dealing with international contracting, companies and fellow attorneys consistently seek his advice on a broad range of business-related implications and consequences.

Awards and Recognition

  • The Best Lawyers in Mexico (Steven Naifeh & Gregory White Smith eds., Woodward/White Inc.), Trade Law
  • The Legal 500 Latin America, International Trade and Customs (2017)

Affiliations

  • Arbitrator,  Mexico City’s Chamber of Commerce (CANACO, 2002-present)
  • Professor,  Universidad Panamericana (UP, 1999-2002, 2017-2020, 2023)
  • Professor,  Universidad Anahuac del Sur (2001)
  • Professor,  Universidad Iberoamericana (UIA, 2002)
  • Professor,  Centro Universitario Mexico Division of Higher Studies (1999-2001)

Presentations and Publications

Languages

  • Spanish
07 December 2023 Honors and Awards

Foley Attorneys Recognized in Best Lawyers in Mexico 2024

Foley & Lardner LLP is pleased to announce that 13 of the firm’s attorneys from its Mexico City office were selected for inclusion in the 2024 edition of The Best Lawyers in Mexico, and one attorney was named to the Best Lawyers: Ones to Watch in Mexico list.
25 October 2023 Article

Mexican Government Restricts Importation of Certain Fuels and Petrochemicals into Mexico

n October 23, 2023, the Mexican President published in the Official Gazette of the Federation a Decree under which the Mexican Government implements measures to combat the illicit trading of fuels, related to the importation of materials regulated by the Ministry of Energy.
18 October 2023 Article

Mexican Government Promotes Nearshoring Through Tax Benefits

13 September 2023 Manufacturing Industry Advisor

What Every Multinational Company (that Operates in Mexico) Should Know About...Managing Fixed Assets

Multinational companies operating in Mexico are subject to Mexican regulations regarding the use of foreign goods.
23 August 2023 Dashboard Insights

Mexico increases import tariffs for non-Free Trade Agreement countries

The August 15, 2023 Mexican Federal Official Gazette contains a Presidential Decree (the Decree) that for the following two years -August 16, 2023 through July 31, 2025-, increases import duties in the range of 5% to 25% to non-Free Trade Agreement countries’ goods
11 May 2023 Events

Mexico Manufacturing Symposium

Marcos Carrasco-Menchaca provides advisory and consulting services related to international trade compliance, customs, free trade agreements, customs litigation, and taxation on foreign trade, as well as rendering services in international business transactions, regulatory matters, and administrative litigation.