Sunday, June 9, 2013

US/México: US Exporters May Face Retalitory Tariffs Due to Failure to Comply with WTO Ruling

According to The Latin American Tribune, the Mexican government says it may raise tariffs on US exporters as a retaliatory measure, accusing its northern neighbor of ignoring a World Trade Organization (WTO) ruling on the labeling of meat and other products.

The Economy Secretariat said it was “considering suspending preferential tariffs in a broad range of sectors, such as fruits and vegetables, juices, meat, dairy products, machinery, furniture, and home appliances.”

COMMENT: The Secretariat noted that the WTO ruled on July 23, 2012, that a 2009 US regulation mandated that retailers disclose the country of origin on labels of meat and other products, including beef imported from México.

The WTO gave the United States 10 months to comply, noting that the deadline was May 23, 2013.