Mexico assumed the vice presidency of the Steel Committee of the Organization for Economic Cooperation and Development (OECD) and applied to host the 100th edition of the Committee Meeting to be held in 2026.
“The vice presidency of Mexico reflects the confidence of the member countries in their role as a constructive interlocutor and promoter of fair and sustainable trade,” said the Ministry of Economy in a statement.
In addition, the agency highlighted that Mexico’s application to host the event “symbolizes the country’s growing relevance within international forums specialized in steel and advanced manufacturing.”
This committee is made up of the main producing and consuming countries in the world of the steel sector that make up “the most relevant multilateral forum for the analysis and coordination of policies in the sector.”
The meeting has the mission of promoting open, transparent and competitive markets, and of resolving structural problems derived from global excess capacity.
Among the countries that make up the commission are the 38 members of the OECD, including Mexico, Argentina, Bulgaria, Egypt, India, Malaysia, South Africa and Taiwan, as participating countries.
Read: Mexico reviews countervailing duties on stainless steel products from China and Taiwan
Since 2024, Mexico strengthened its regulation of steel imports with mill and quality certificates to ensure traceability and international standards of steel products entering the country.
Along with this, the statement noted that the country collaborates with the United States and Canada through the Steel Monitor (MOCA MX), tariff measures and antidumping actions to protect the industry.
This vice presidency occurs in the international context in which the United States government applied tariffs on steel and aluminum to different countries with the intention of protecting its national industry.
In August, Donald Trump’s administration imposed a 50% rate on imports of products based on these metals, such as fire extinguishers, agricultural machinery, construction materials, train cars or wind turbines.
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The main victims of the tariff increase are Canada, the major supplier of both metals to the US, as well as Mexico, Brazil, South Korea and Vietnam in relation to steel, and also China, the second country that sells the most aluminum to the world’s largest economy.
With information from EFE
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