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
16 May 2024 White Papers

The Laws of Fashion: What's Trending in 2024

As we make further strides into 2024, the fashion, apparel & beauty landscape continues its dynamic evolution, marked by opportunities and challenges.
15 May 2024 Manufacturing Industry Advisor

What Every Multinational Company Should Know About …Tariff Increases in Mexico and Their Potential Impact on Your Supply Chain

On April 22, 2024, Mexico’s president increased import duties in the range of 5% to 50% on 544 Harmonized System (HS) codes, affecting a significant number of product categories such as steel, aluminum, textiles, plastics, glass, chemicals, electric, and transportation materials, among others.
09 May 2024 Foley In Fashion

Chinese Footwear Imports Feeling the Heat in Mexico: Antidumping Investigation and Increased Duties

On April 26, 2024, the Mexican Government initiated an antidumping investigation on Chinese footwear imports.
26 April 2024 Article

Increased Tariffs on Imports of Selected Products

As an additional measure to those taken last year, the Federal Government again modified the Law of General Import and Export Taxes (Ley de los Impuestos Generales de Importación y Exportación) in order to provide fair conditions to national industry and prevent bad practices in international trade, promoting the development of national industry and supporting the domestic market to balance the situation faced with the global market that has taken place as a consequence of the nearshoring phenomenon.
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.