USTR Excludes CRGO Steel Import from Mexico
CRGO Steel Mexico

USTR Excludes CRGO Steel Import from Mexico

Mexico and the United States have successfully concluded consultations held pursuant to their Joint Statement of May 17, 2019 to address the transhipment

of grain-oriented electrical steel from outside the North American region into the United States through GOES-containing downstream products. Pursuant to the Joint Statement, Mexico will establish a strict monitoring regime for exports of electrical transformer laminations and cores made of non-North American GOES. From the fourth quarter of 2020 onward, Mexico will closely monitor shipments of these products to the United States. In light of these measures, imports from Mexico will not be subject to any action to adjust imports of electrical transformers and related parts that may be adopted by the United States under Section 232 of the Trade Expansion Act of 1962, as amended.

The United Stated and Mexico will consult at regular intervals on the implementation of these agreed measures and on the state of bilateral trade and market conditions relating to these products.

No stories found.
SteelGuru Business News