Overview
- The Economy Ministry published an evening decree in the Official Gazette establishing ad valorem duties of 156% to 210.44% on specified sugar imports.
- The measure takes effect November 11 and covers imports from WTO-member countries except those with which Mexico has trade-opening agreements.
- The change converts MFN-specific tariffs of $0.36, $0.338 and $0.39586 per kilogram into percentage rates, with 156% on several cane-sugar categories and 210.44% on liquid refined and inverted sugar.
- The decree cites falling international prices, domestic oversupply and technical smuggling as reasons for the move, asserting consistency with trade law and WTO commitments.
- The National Sugarcane Growers Union welcomed the decision, saying it would support 180,000 producers and provide certainty for roughly 500,000 related jobs.