OTHER NEWS - June 24, 1995

Mexico Decides Not to Impose Dumping Duties: Although the government concluded that U.S. beef producers are selling their products at discriminatory prices in Mexico, the Latin American country’s Commerce Ministry decided not to levy dumping tariffs on the beef, in order to protect consumers from higher meat prices. It also said U.S. beef sold in Mexico is harming local producers. Mexican consumers’ purchasing power has deteriorated in recent months as prices soared with the devaluation of the peso. U.S. beef exported to Mexico is either exempt from tariffs or subject to duties of 8% or 16%, depending on the product, the Mexican government said. The government gave Mexican beef producers 30 days to appeal its rejection of the tariffs.