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MEXICO CITY (AP) — Mexico on Saturday started imposing a 50% tariff on white corn imports, a transfer the president says seems to spice up nationwide manufacturing and forestall imports of genetically modified corn.
The measure, printed late Friday within the Mexican authorities’s official gazette, shall be in power till the top of the yr and happens amid a commerce dispute between Mexico and its North American commerce companions, Canada and america, over genetically modified corn.
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White corn was among the many primary meals that have been exempted from tariffs earlier this yr in an try by the Mexican authorities to manage inflation. However based on the decree, the choice “has not generated a big impression on the lower in costs within the nationwide market, so it’s thought of applicable to eradicate it.”
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At 5.84% in Might, the Mexican authorities considers inflation kind of underneath management.
Mexico imports some white corn — the sort used for human consumption — primarily from america and South Africa. However because the tariff goes towards the U.S.-Mexico-Canada free commerce settlement, it might complicate the commerce dispute that the nation already has with the U.S. and Canada over GM corn.
Mexico desires to limit GM white corn for human consumption and finally additionally veto GM yellow corn for animal feed. The U.S. and Canada say that will hurt commerce within the area. Mexico has been importing GM feed corn from the U.S. for years, shopping for about $3 billion price yearly.
Each america and Canada have mentioned that Mexico’s concern of the risks of genetically modified corn is “not grounded in science.”
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Earlier this month, Canada mentioned it will be part of a commerce dispute panel that america requested over Mexico’s proposed limits on imports of genetically modified corn. The U.S. authorities requested that the dispute course of be formally opened June 2, after talks with the Mexican authorities did not yield outcomes.
A panel of consultants would have about six months to check the grievance and launch its findings. Commerce sanctions might observe if Mexico was discovered to have violated the U.S.-Mexico Canada free commerce settlement.
President Andres Manuel Lopez Obrador mentioned he was not afraid of controversy and has insisted that solely home white corn needs to be used for human consumption.
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