End of preview - This article contains approximately 179 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Regional Monitor: Mexico - 4 April 2018
In brief: Mexico
* Mexico’s economy ministry (SE) has announced that it will impose anti-dumping tariffs on imports of carbon steel pipes from South Korea, Spain, Ukraine, and India. This comes after an investigation carried out between April 2013 and March 2016 concluded that these countries had partaken in “unfair practices of international trade”, regarding the “discrimination” of its carbon steel export prices that has “caused damage” to Mexico’s national steel industry. This anti-dumping investigation report was published in the Mexican government’s official gazette, Diario Oficial de la Federación (DOF), on 3 April 2018. The investigation reported that the steel imports were being sold at discriminatory prices to maximise profits. Mexico has been imposing duties on steel imports in recent years after local steelmakers started cutting jobs and cancelling investments in 2015. South Korea, Spain, Ukraine, and India’s steel exports to Mexico increased from 51% to 66% between April 2013 and March 2014 according to the anti-dumping investigation published in the DOF. The announcement of the new tariffs comes after Mexico imposed similar duties on carbon steel pipe imports from China in March.
