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Wednesday, October 26, 2011

Mexico Lifts Trade Tariffs for U.S. Produce

Via Produce News Daily:
The produce industry welcomed news that Mexico formally lifted tariffs that have amounted to more than $900 million of U.S. agricultural products since 2009, settling a costly dispute over a Mexican trucking pilot program. Mexico, the third-largest trading partner for the United States, imposed the tariffs after years of squabbling over a provision in the North American Free Trade Agreement that allowed Mexican long-haul trucks to enter U.S. highways in 2000. Congress blocked funding for the program, which set off a political dispute between the two countries. Top U.S. and Mexican officials negotiated the agreement this summer, but it wasn't until Oct. 21 that embassy officials celebrated the first truck crossing at the World Trade Bridge in Nuevo Laredo, Tamaulipas, and the tariffs officially were dropped to zero.

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