In June this year, Government signed an agreement with China that will cut-down anti-dumping taxes on Made-in-China clothes, textiles, shoes, toys as well chemical products.
Currently, Mexico imposes anti-dumping taxes on 953 kinds of Chinese products, and according to the new agreement, that on 749 varieties will be cancelled soon. The tax on rest of the 204 will be decreased temporarily, before ending it by 2011.
Government says that this decision was taken to protect the relevant and pillar industries of Mexico, particularly manufacturing sectors.
This will bring major business opportunities to China and Hong Kong industries and experts urge the traders to take complete advantage of the scenario.
Besides, under the agreement, the anti-dumping duties on the Made-in-China shoes will, be brought down to 70 percent. This is much lower than the present charges that range between 232-1105 percent.
Fibre2fashion News Desk - China
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