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New Agreement on the tomato & Curb to the Chinese investment in Mexico – The Trading Room

24 May , 2019  

The Trading Room

(Download our newsletter in PDF: Trading Room -20190524)

NEW AGREEMENT ON THE TOMATE?

This Wednesday, associations of tomato producers and exporters submitted to the Department of Commerce a new undertaking proposal to avoid antidumping duties. Provisional antidumping duties were imposed as of May, 7.  The Underminister of International Trade, Luz María de la Mora, commented that this proposal could be accepted by June and July.

According to news outlets, the purpose of the proposal is to offer US producers more certainty about Mexican tomato imports at “market prices” that do not cause injury, according to the following undertakings:

  1. Modification of the price reference.
  2. Refund of 100% when the good is defective.
  3. Quality control on the border.
  4. Continuous compliance of certifications.
  5. Implementation of a mechanism to avoid circumvention.

Producers and exporters submitted a legal remedy against the provisional antidumping duties that will be decided in the next days. If the judgment is favorable, the payment of the provisional antidumping duties will be temporarily suspended.

Sources:

https://www.eleconomista.com.mx/empresas/Exportadores-de-tomate-presentan-nueva-propuesta-a-Estados-Unidos-20190523-0093.html

https://www.jornada.com.mx/ultimas/2019/05/23/productores-aceptarian-modificacion-en-precios-del-jitomate-5912.html

CURB TO THE CHINESE INVESTMENT IN MEXICO?

This Thursday, the Chief of the President’s Office, Alfonso Romo, attended to the “71st  Assembly of the Steel and Metallic Chamber (CANACERO).

The Mexican officer shared a “story” about his conversations with the US Secretary of Commerce, Wilbur Ross, during the Forum CEO Dialogue. According to Mr. Romo, Mr. Ross requested Mexican officers and businessman to reject Chinese investment in strategic projects. The USA’s idea is to create a strong commercial block that competes with China.

Nevertheless, Mr. Romo commented that Chinese investment is welcome in Mexico. We highlight that the USA’s  request opposes the position of the current administration because Mexico has expressed that it is open to Chinese investment in important infrastructure projects, for example, the Mayan train.

Sources:

https://www.elfinanciero.com.mx/economia/eu-pidio-a-mexico-no-aceptar-inversion-china-alfonso-romo

 

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English, News

NEW ANTIDUMPING INVESTIGATION ON WIND TURBINE TOWERS FROM CHINA

16 Apr , 2019  

Trade Alert, Antidumping Investigation, Wind Turbine Towers from China, Trade Lawyers

New Antidumping Investigation

Today, the Mexican Ministry of Economy published in the Official Gazette the notice of the antidumping investigation on Wind Turbine Towers from China.

Download our Trade Alert, which includes the list of exporters, in PDF: VTZ – Antidumping Notice Wind Towers from China

Below, the relevant information on this antidumping investigation:

  • Petitioner: Arcosa Industries de México, S. de R.L. de C.V. and Speco Wind Power, S.A. de C.V.
  • Product Description: Tower or structural posts of steel assembled or not assembled in its sections. It is known as a structural tower of steel for generating wind energy.
  • Tariff Item: 8502.31.01
  • Period of Dumping Investigation: 1st of August, 2017, to 31st of July, 2018.
  • Period of Injury Analysis: August 1st, 2015, to July 31st, 2018.
  • Normal Value: Reconstructed Value

For more information please contact the following VTZ members: adrian[@]vtz.mx, horacio[@]vtz.mx, emilio[@]vtz.mx, vero[@]vtz.mx, mariana[@]vtz.mx o mariana.rivera[@]vtz.mx.

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