Mexico to apply provisional AD duties of up to 30 percent on steel imports

Friday, 28 August 2015 00:46:59 (GMT+3)   |  
       

Mexico’s economy secretariat, SE, is expected to announce in coming days a new provisional AD duty on imports of steel from countries that don’t have free trade agreements with the Latin American nation, according to leaders from the Chamber of the Iron and Steel Industry (CANACERO).

According to CANACERO, the new duty will be established within the margins set by the World Trade Organization (WTO), which allows a maximum quota of 30 percent.

“We see very favorable conditions [to such a move] and a positive attitude from the side of SE is support [this idea]. We see that there’s a sensitization about the situation we’re facing,” said Juan Antonio Reboullen, public relations director at Deacero.

According to a media report, the new duty is expected to last for a period of six months thanks to the many negotiations held within the local industry chambers and the Mexican steel sector.

Despite having the endorsement of the World Trade Organization (WTO) to apply anti-dumping (AD) duties of up to 34.3 percent on Chinese steel, the Latin American country has been avoiding to increase the imports tariffs it applies on the product that comes from Asia.

Recently, a local paper said Mexico has one of the world’s lowest tariffs for Chinese steel imports, which is 2.7 percent. However, the nation could “unilaterally” increase the duties until it reaches the limits proposed by the WTO, without breaking the rules of the world trade.

SE’s move appears to be a response to the claims of the local steel industry.


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