SynopsisThe Mexican government has made a significant decision to remove antidumping (AD) and countervailing duties (CVD) on the import of hexagonal steel wire mesh from China. These duties, which had been in place since July 2002, have been eliminated, marking a change in the trade landscape. However, the product will still be subject to a 25 percent tariff due to a recent decree for countries without a trade agreement with Mexico. This decision is expected to have implications for both Mexican and Chinese steel producers.ArticleIn a notable development in international trade, the Mexican government has decided to eliminate antidumping (AD) and countervailing duties (CVD) on hexagonal steel wire mesh imports from China. This decision, effective from September 22, 2023, signifies a significant change in the trade dynamics between the two countries.The Ministry of Economy (SE) announced the elimination of the final compensatory fee of $0.45 per kilogram in the official gazette of the Mexican government (DOF). This fee had been in place since July 2002 when the Mexican government imposed a definitive countervailing duty in response to dumping, initially set at $2.8 per kilogram. In April 2009, the rate was reduced to $0.45 per kilogram, a tax that has remained in place until now.While the elimination of the countervailing duty is a notable development, it's important to note that the product will still face a 25 percent tariff. This tariff was imposed by the Mexican government on August 15 for 201 steel tariff fractions covering imports from countries without free trade agreements with Mexico. Hexagonal steel wire mesh finds itself on this list.Grupo Deacero is the primary producer of hexagonal steel wire mesh, with a market share ranging from 79 to 83 percent. The remaining portion is manufactured by companies including Cecsamex, Truper, Alambrados Mexicanos, Alambres Industriales, Mister Alambre, and Telas Metálicas Industriales.ConclusionMexico's decision to eliminate AD and CVD duties on hexagonal steel wire mesh imports from China marks a significant shift in trade relations. While this move is expected to have implications for both Mexican and Chinese steel producers, the imposition of a 25 percent tariff underscores Mexico's commitment to its broader trade policies.
SynopsisThe Mexican government has made a significant decision to remove antidumping (AD) and countervailing duties (CVD) on the import of hexagonal steel wire mesh from China. These duties, which had been in place since July 2002, have been eliminated, marking a change in the trade landscape. However, the product will still be subject to a 25 percent tariff due to a recent decree for countries without a trade agreement with Mexico. This decision is expected to have implications for both Mexican and Chinese steel producers.ArticleIn a notable development in international trade, the Mexican government has decided to eliminate antidumping (AD) and countervailing duties (CVD) on hexagonal steel wire mesh imports from China. This decision, effective from September 22, 2023, signifies a significant change in the trade dynamics between the two countries.The Ministry of Economy (SE) announced the elimination of the final compensatory fee of $0.45 per kilogram in the official gazette of the Mexican government (DOF). This fee had been in place since July 2002 when the Mexican government imposed a definitive countervailing duty in response to dumping, initially set at $2.8 per kilogram. In April 2009, the rate was reduced to $0.45 per kilogram, a tax that has remained in place until now.While the elimination of the countervailing duty is a notable development, it's important to note that the product will still face a 25 percent tariff. This tariff was imposed by the Mexican government on August 15 for 201 steel tariff fractions covering imports from countries without free trade agreements with Mexico. Hexagonal steel wire mesh finds itself on this list.Grupo Deacero is the primary producer of hexagonal steel wire mesh, with a market share ranging from 79 to 83 percent. The remaining portion is manufactured by companies including Cecsamex, Truper, Alambrados Mexicanos, Alambres Industriales, Mister Alambre, and Telas Metálicas Industriales.ConclusionMexico's decision to eliminate AD and CVD duties on hexagonal steel wire mesh imports from China marks a significant shift in trade relations. While this move is expected to have implications for both Mexican and Chinese steel producers, the imposition of a 25 percent tariff underscores Mexico's commitment to its broader trade policies.
