Back

LatinNews Daily - 18 February 2019

In brief: Mexico

* The Canadian government has eliminated a controversial 25% tariff on some Mexican steel imports. According to Canada’s national public broadcaster, Canadian Broadcasting Corporation (CBC), effective as of 2 February Mexican energy tubular products (such as those used to build pipelines) and wire rod shipments will no longer cost an extra 25% under Canada's emergency 'safeguard' measures. However, steel from other countries without free trade agreements with Canada will continue to face the extra tax. According to CBC, for Mexico alone, new tariff-free thresholds have been set for the 200-day period to which the temporary surtax applies while surtax already paid by purchasers will be refunded. Pierre-Olivier Herbert, the spokesperson for Canada’s finance ministry, told CBC News: "We made those changes in recognition of Canada and Mexico's mutual rights and obligations under Nafta [the North American Free Trade Agreement]".

End of preview - This article contains approximately 144 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.