Today, the Mexican Ministry of Economy published in the Official Gazette the Preliminary Determination of the antidumping investigation on Stainless Steel Sheet from China and Taiwan. In this antidumping investigation, VTZ is pleased to represent an exporter from Taiwan.
In the following link, you can read the Preliminary Determination (only in Spanish): Preliminary Determination – Stainless Steel Sheet
Trough this Preliminary Determination, the Ministry resolved to continue with the antidumping investigation, and:
The Ministry determined provisional antidumping duties on imports of stainless steel sheet , including definitive and temporary ones, as well as those entering under the Eighth Rule for the application of TIGIE (Mexican Tariff), from China, regardless of the country of provenance, which are entered by tariff sections 7219.34.01, 7219.35.01 and 7220.20.02 of the TIGIE and under the Eighth Rule by sections 9802.00.01, 9802.00.02, 9802.00.03, 9802.00.07, 9802.00. 10, 9802.00.13 and 9802.00.19 of the TIGIE, or by any other:
a. 121.46% for Shanxi, and
b. 88.42% for the other exporting companies in China.
The Ministry did not determinate provisional antidumping duties on imports of stainless steel sheet from Taiwan.
The Preliminary Determination will enter into force as of tomorrow.
For more information please contact the following VTZ members: adrian[@]vtz.mx, emilio[@]vtz.mx, vero[@]vtz.mx, mariana[@]vtz.mx o mariana.rivera[@]vtz.mx.
(Download our newsletter in PDF: Trading Room -20190524)
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:
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.
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.