An updated free trade agreement entered into effect May 1 between Argentina and Chile, complementing an existing agreement that has been in effect for more than 20 years, the Chilean Ministry of Foreign Relations said in a press release. While the existing trade agreement provides for duty-free trade in goods, the new agreement includes modern rules on investment, services, procurement, telecommunications and e-commerce.
Mexico is still a few weeks away from an updated list of retaliatory tariffs on U.S. goods, Mexican Undersecretary for Foreign Trade Luz Maria de la Mora said in a recent interview, according to a report from the Mexican TV network Multimedios. The updated list will include agricultural and industrial goods as well as steel products, she said. That’s similar to the current composition of the current tariffs, imposed in June 2018 in response to U.S. Section 232 tariffs (see 1903140025). Mexico will apply the updated tariffs for a few months, then see what the result is, hoping that the U.S. eliminates its Section 232 tariffs on Mexico, she said.
The U.S. trade war with China resulted in a 7 percent drop in goods exports -- $9 billion worth -- from 2017 to 2018, according to a new report from the U.S.-China Business Council. Even with the drop, the U.S. exported more to China in 2018 than it did in 2016. The report blamed China's retaliatory tariffs on about 85 percent of U.S. exports for the decline.
Mexico recently amended its regulations on payment of duties on goods subject to estimated prices for valuation purposes to add new tariff subheadings covering textiles, apparel and footwear and change estimated price amounts. The April 29 notice in the Mexican Diario Oficial adds 545 new tariff provisions to the lists of goods subject to estimated prices, 234 of which were recently added to the Mexican tariff schedule (see 1904110057), according to a circular from the Confederation of Mexican Customs Broker Associations (CAAAREM). For footwear, reference prices were increased for four subheadings and decreased for seven. For textiles and apparel, reference prices were increased for 498 subheadings and decreased for 51, said the circular, which was posted by trade consultancy AJR Comercio Exterior.
Global Affairs Canada released information on seven categories of tariff rate quotas under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on May 1. The TRQs apply to:
In the April 30 edition of the Official Journal of the European Union the following trade-related notices were posted:
Global Affairs Canada issued a notice to importers on April 29 to "inform importers of the procedures governing the administration of provisional safeguards, in the form of tariff rate quotas (TRQ)." Canada recently released some of its plans for implementing the two categories of safeguards (see 1904290207). "The TRQs will be administered by way of shipment-specific import permits," Global Affairs Canada said. "From April 29, 2019 until the end of the provisional safeguard period on May 12, 2019 there are two provisional TRQs that remain in force. The commodity goods (HS Codes) covered by each TRQ are in Commodity Codes handbook."
The Canada Revenue Agency released information on cannabis oils excise duty rates, which will be available in the Customs Commercial System starting May 1, the Canada Border Services Agency said in an April 30 update to Customs Notice 18-19. The CBSA also sent an April 30 notice with updated information for completion of the CADEX formatted records.
A new Indonesian regulation requiring fresh fruit and produce to be registered with the country’s Ministry of Agriculture “could potentially be another significant non-tariff barrier to marketing U.S. fruit and nuts in Indonesia,” the U.S. Department of Agriculture's Foreign Agricultural Service said in an April 15 report. Issued in January, the regulation requires that Indonesian importers and distributors must register their products and put in place a traceability system. It also sets new labeling requirements for fruits and vegetables. “It is unclear exactly what products will be subject to this new regulation and how it will be implemented,” USDA said. The report includes a translation of the new regulation.
Canada will enact final safeguards on two categories of steel and begin consultations on the five categories that the Canadian International Trade Tribunal didn't recommend for safeguard tariffs (see 1904040051), the Department of Finance Canada said in an April 26 news release. The 30-day consultation with industry and workers will help "determine what further protections are required," it said. The CITT said the safeguards were deserved for imports of heavy plate and stainless steel wire.