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Mexico accepts DeAcero's sunset review request for galvanized iron wire mesh from China-THE 25th CHINA(GUANGZHOU) INTERNATIONAL PLATEMETAL, BAR, WIRE, METAL PROCESSING & SETTING EQUIPMENT EXHIBITION
10/8/2024 plate metal expo-wire expo |
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Mexico''s highest international trade authority, the Ministry of Economy, reported that at the request of the Mexican steel companyDeAcero, it agreed to initiate the second administrative procedure to examine the validity of countervalling duties on imports ofgalvanized iron wire mesh from China.
In October 2014. the Mexican government has imposed a countervalling duty eauivalent to $2.080/mt After the first sunset reviewin November 2020 it decided to extend the same amount of the countervailing duty for five more years.
The product under investigation is imported into Mexico through the tarif codes: 7314.19.03, 7314.19.99 and 7314.31.01. Thereview period runs from August 1, 2023 to july 31, 2024, and the analysis period runs from August 1, 2019 to July 31, 2024.
In addition to the countervalling duty,the Mexican government reported that the product has a temporary tariff for countries withwhich Mexico does not have a free trade agreement, such as China.
For tarif code 7314.19.03, a 35 percent tarif is charged, and for tariff codes 7314.19.99 and 7314.31.01, a temporary tarif of 25percent is charged. The validity is from April 2024 to April 2026.
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