New Mexican policy will stimulate Chinese tire trade
In the past, the main destinations for Chinese tire exports were the United States and the European Union. However, the U.S. Department of Commerce recently cut some of China’s tires for excessive government subsidies. If the arbitration results remain unchanged, the Chinese tire industry will face a punitive tariff of 17.7% to 81.3%. The EU has removed China from the list of countries enjoying GSP treatment from 2015 onwards, and will no longer be granted preferential treatment on tariff reductions. The prospects of the traditional Chinese tire export markets, the United States and the European Union, are worrying. The development needs of emerging markets are particularly urgent. Since February 8, 2015, Chinese tire exports to Mexico will enjoy zero-tariff treatment. The recently passed Mexican decree adjusted the MFN tariff rates for several customs codes, including the newly added tariff code number 4013.90.99 (rubber innertubes for motorcycles) and tax code number 4011.40.01 (new inflatable rubber inner tube for motorcycles). . Mexico believes that the country does not produce the above products, and its corresponding importing countries often do not sign free trade agreements with them. Therefore, the country decided to directly reduce the MFN tariff rate for the import of tire products with the two tax items from the original 15% to zero. Here, Jiangsu Nantong Inspection and Quarantine Bureau reminded domestic tire foreign trade companies to firmly grasp this opportunity, make full use of zero-tariff preferences, and increase the development of the Mexican market. Tactical Belt,Tactical Heavy Duty Belt,Canvas Outdoor Web Belt,Tactical Activities Belt Guangzhou Miaozhun Jie Trade Co.,Ltd. , https://www.focuhunter.store