U.S. and Mexico Sign Cement Agreement
The U.S. and Mexico last week signed the U.S.-Mexico Agreement on Cement which resolves the 16-year dispute over the U.S. antidumping duty order on imports of gray portland cement from Mexico. Labels: Antidumping
The Agreement settles all litigation regarding outstanding claims for duties before U.S. and international courts, and the deposits of estimated antidumping duties between the parties. It also establishes a limit of three million metric tons of imports of Mexican cement to enter the U.S. at an antidumping duty rate of $3 per metric ton, and allows for an increase in the event of disasters. The Agreement also includes elements for mutual trade liberalization, including provisions to help increase access for U.S. producers to the Mexican market. If the terms of the Agreement are adhered to over its three-year life, the Agreement will be terminated and the antidumping duty order revoked.
|posted by Douglas N. Jacobson| Permalink 
