… Mexico has emerged as a potential new export market for Australian boxed beef…

 

 

Mexico waives tariffs on 200,000t beef import quota

 

by James Nason, Beef Central (Australia)

17 March 2017

 

AFTER an apparent false-start last year, Mexico has emerged as a potential new export market for Australian boxed beef.

 

In June last year there were announcements that Mexico, which is experiencing a beef shortage and soaring beef prices, had cut its import tariffs to zero.

 

However no further news eventuated and Australia’s trade to the market did not change.

 

But a new announcement made earlier this month now looks to be the real deal.

 

On March 1, Mexico published new agreed provisions on unilateral tariff rate quotas which originally published by June 8 last year.

 

The new unilateral tariff rate quotas allow 200,000 metric tonnes (MT) of beef and 150,000 MT of rice from any origin to enter Mexico duty-free.

 

The new provisions temporarily remove tariff rates of 20pc for fresh or chilled beef and 25pc for frozen beef up to a volume of 200,000 tonnes, and valid to December 31, 2017.

 

The beef tariff-rate quota was established to guarantee supply and contribute to the stability of the national beef market for the benefit of consumers.

 

According to the National Consumer Price Index calculated by the Mexican National Institute of Statistics and Geography (INEGI), consumer beef prices increased by 55pc in the period from December 2011 to December 2016, mainly due to a reduction in domestic availability and as a result of the growth of Mexico’s beef exports to the United States and a decline in the level of imports.

 

SE indicates that the procedure to allocate the unilateral beef TRQ will be “first-come, first-served,” which guarantees the distribution of the quota under fair conditions of competition, transparency, and economy.

 

The products covered by the TRQ include:

 

more, including table

http://www.beefcentral.com/trade/mexico-waives-tariffs-on-200000t-beef-import-quota/