ANNOUNCEMENT 01 Mar 2017

The Mexican Secretariat of Economy updated the import quota applicable to beef and rice.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Secretariat of Economy. Secretaría de Economía. DOF: 01/03/2017. Acuerdo por el que se dan a conocer los cupos para importar carne de res y arroz. http://www.dof.gob.mx/nota_detalle.php?codigo=5474981&fecha=01/03/2017

Secretariat of Economy. Secretaría de Economía. DOF: 26/12/2017. Acuerdo que modifica al diverso por el que se dan a conocer los cupos para importar carne de res y arroz. Available at: http://www.dof.gob.mx/nota_detalle.php?codigo=5508934&fecha=26/12/2017

Inception date: 01 Mar 2017 | Removal date: 31 Dec 2019

Import tariff quota

On March 1, 2017, the Mexican Secretariat of Economy announced the Agreement on the import tariff quotas for fresh, chilled and frozen beef and rice applicable until December 31, 2017. 

In the case of beef, the duty-free quota has been set at 200,000 tonnes to be assigned on a first come, first serve based. The allocation will be made based on the following criteria choosing always the one that gives a lower outcome: demanded quantity; commercial invoice; 30,000 tonnes; or the balance of quota. The applicable import tariff outside the quota range between 20% and 25%.

As for rice,  the duty-free quota has been set at 150,000 tonnes also to be assigned on a first come, first serve based. The allocation will be made based on the following criteria choosing always the one that gives a lower outcome: demanded quantity; commercial invoice; 10,000 tonnes; or the balance of quota. In this case, the maximum quantity assigned per importer will never be greater than 10,000 tonnes. The applicable import tariff outside the quota range between 9% and 20%.

Previously, no import tariff quota applied to these two goods.

Update
On December 26, 2017, the Mexican Secretariat of Economy updated the Agreement related to the import tariff quotas set on March 1, 2017, modifying the removal date for imports of rice. The new Agreement allows for another 150,000 tonnes of rice to be imported duty-free in the periods January 1, 2018-December 31, 2018, and January 1, 2019-December 31, 2019.

AFFECTED SECTORS