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In response to the imposition of U.S. tariffs, Mexico implemented retaliatory tariffs on around US$3 billion (MXN $58.6 billion) worth of U.S. goods. These Mexican tariffs, which went into effect on June 5, 2018, were imposed on U.S. steel, pork, cheese, whiskey, and apples, among other goods before being lifted on May 20, 2019. [10] [184] [71]
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Prosec is a tariff-reduction measure that avoids running into problems with NAFTA article 3 by allowing either foreign or domestic producers, irrespective of whether the finished good is intended for exportation or domestic sale, to petition the government for a reduction or elimination of a tariff rate.
The Agreement between the United States of America, Mexico, and Canada (USMCA) [1] [Note 1] is a free trade agreement among the United States, Mexico, and Canada.It replaced the North American Free Trade Agreement (NAFTA) implemented in 1994, [2] [3] [4] and is sometimes characterized as "NAFTA 2.0", [5] [6] [7] or "New NAFTA", [8] [9] since it largely maintains or updates the provisions of ...
A 2015 study found that Mexico's welfare increased by 1.31% as a result of the NAFTA tariff reductions and that Mexico's intra-bloc trade increased by 118%. [64] Inequality and poverty fell in the most globalization-affected regions of Mexico. [79] 2013 and 2015 studies showed that Mexican small farmers benefited more from NAFTA than large ...
C. Cape Town Treaty; Protocol to the Convention on International Interests in Mobile Equipment on Matters specific to Aircraft Equipment; Agreement establishing the Caribbean Development Bank
Second-tier Mexican sugar is a term in international trade referring to over-quota sugar exported by Mexico to the United States, subject to a North American Free Trade Agreement (NAFTA) tariff that declined 1.5¢/lb. for raw sugar, and 1.6¢/lb. for refined sugar, each year until it entered the United States without a tariff, effective January 1, 2008.
Free Trade Agreement between Mexico and the European Union (FTA EU-MX), is a trade agreement between the European Union and Mexico. It was signed on December 8, 1997, in the city of Brussels, under the designation "Agreement of Economic Partnership, Political Coordination and Cooperation between the United Mexican States and the European Community [1] and its members".