Mexico and the US agree to reestablish trade monitoring to avoid steel triangulation

Friday, 29 September 2023 21:49:06 (GMT+3)   |   San Diego
       

Given the complaint of a non-transparent surveillance system, the foreign trade authorities of the United States and Mexico agreed to reestablish the monitoring of steel and aluminum exports from Mexico to the United States market to avoid the triangulation of products from third countries, both governments reported.

“Ambassador Tai and Secretary Buenrostro agreed on the importance of enhancing steel and aluminum trade monitoring efforts and instructed their teams to work toward the reinstatement of Mexico’s export monitoring regime,” reported the Office of the United States Trade Representative.

Today, prior to the third meeting of the High-Level Economic Dialogue between the United States and Mexico, United States Trade Representative (USTR) Katherine Tai met with Mexico's Secretary of Economy, Raquel Buenrostro, and Mexican Foreign Minister Alicia Bárcena, met in Washington.

During the meeting, Ambassador Tai and Secretary Buenrostro discussed the importance of addressing concerns regarding the recent emergence in Mexican exports of certain steel and aluminum products to the United States and the lack of transparency regarding Mexico's steel and aluminum imports from third countries.

In this scenario, a few weeks ago, the main steel producing companies, affiliated with the Mexican Chamber of the Iron and Steel Industry (Canacero) joined the U.S. interoperability pilot program Customs and Border Protection (CBP) on the steel issue.

The companies are Arcelormittal, DeAcero, Gerdau, TenarisTAMSA, Ternium and Outokumpu will establish global standards to promote transparency.

At the meeting, Tai reiterated the United States' concern about Mexico's energy policy and the methodology for determining rates for Mexico's radio spectrum, which inhibits competition in the telecommunications sector.


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