The China Ministry of Commerce announced the opening of a formal investigation into the “restrictive measures” that the Government of Mexico plans to apply in trade and investment, including tariff increases to products from countries with which it does not maintain free trade treated, such as the Asian giant.
As indicated on Thursday the institution, the investigation – effective from today – will analyze both the Mexican proposal to raise taxes to 1,463 tariff fractions and other restrictions imposed in recent years against Chinese goods and capitals.
The procedure is protected by the country’s foreign trade law and in the norms that regulate the investigations of barriers to foreign trade.
The administration of President Claudia Sheinbaum included in its economic package 2026 the application of the maximum tariffs allowed by the World Trade Organization (WTO) to strategic sectors such as cars, auto parts, steel, plastics, textiles, footwear or toys.
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The measure, which still requires legislative approval, would cover imports valued at about 52,000 million dollars, equivalent to 8.6% of the national total.
A spokesman from the Ministry of Commerce warned that, if completed, the tariff increases “would not only damage the interests of Mexico’s business partners, including China, but would seriously affect the certainty of their own business environment, undermining the confidence of foreign companies to invest in the country.”
Countries must oppose unilateralism and protectionism
The Chinese executive also stressed that, in an international context marked by the use of encumbrances by the United States, “countries must jointly oppose unilateralism and protectionism, and not sacrifice the interests of third parties under the coercion of others.”
The investigation will have an initial duration of six months, extendable up to a maximum of nine in case of exceptional circumstances.
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During that period, the Ministry may collect information through questionnaires, hearings and inspections, and interested parties will have 20 days to present their initial observations.
With this decision, Beijing seeks to “sign the legitimate rights and interests of their industries firmly,” the statement concluded.
With EFE information
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