U.S., Mexico reach trade deal on cement
The United States has agreed to significantly lower duties on imports of Mexican cement.
In 1990, the U.S. Commerce Department determined that Mexican cement was being sold at unfairly low prices on the domestic market. The department responded by imposing a $26-per-ton duty on Mexican cement imports.
Under the new agreement, which expires in 2009, the United States will impose a duty of $3 per ton on Mexican cement imports.
“The agreement will help ensure that Gulf coast communities have the resources to rebuild (in the aftermath of last year’s hurricanes) and it will also help U.S. cement producers access the Mexican market,” U.S. Commerce Secretary Carlos Gutierrez in a Jan. 19 statement.
U.S., Mexico reach trade deal on cement
