Mexico imposes sanctions on US in antidumping row
The Mexican authorities have imposed trade sanctions against certain US products in their antidumping dispute, the Mexican trade representative said.
Mexico has decided to impose an additional duty of between 9-30 pct on selected imports from the US, he said, adding that the measure entered into force on Aug 18.
The dispute with the US concerns the Byrd Amendment, which allows the US government to redistribute anti-dumping duties to US companies that allege dumping, or the selling of goods abroad at less than the market price in the domestic market.
Source: forbes.com
WTO panel: Mexico unfairly imposed tariffs
A World Trade Organization panel ruled Tuesday that Mexico had unfairly imposed antidumping tariffs on U.S. rice, rejecting a Mexican appeal against a previous ruling.
Mexico imposed the tariffs on U.S. white long grain rice in June 2002, claiming it was being sold in Mexico at unfairly low prices, damaging Mexican producers.
U.S. officials raised the issue before the WTO a year later. In its ruling, the appellate body said Mexico must bring its measures into line with WTO rules, confirming an earlier WTO ruling from June 2005.
U.S. Trade Representative Rob Portman hailed the decision as
Mexico envoy's visit draws demonstration
Mexico's ambassador to the United States pressed for a political solution for the U.S. immigration problem in a visit Friday with Utah Gov. Jon Huntsman.
The diplomat, Carlos de Icaza, endorsed a guest worker program for his countrymen and a fair resolution for the millions of undocumented workers already in the United States.
"Building walls and fences is not the way to solve problems among neighbors," said de Icaza, whose two-day visit ended with a demonstration by the Utah Minuteman Project outside the Utah Capitol.
The immigration opponents called for tougher border security and sanctions against U.S.
Grupo Mexico, Petrobras, Net Servicos: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Cemex SA (CEMEXCP MM): The U.S. and Mexico may be close to ending a 15-year disagreement about U.S. antidumping duties on Mexican cement, as shortages in the U.S. prompt political pressure to increase imports, the Wall Street Journal said yesterday. Cemex, world's third-largest cement maker, rose 13 centavos, or 0.3 percent, to 48.05 pesos.
Mexico SA (GMEXICOB MM): Copper futures for December delivery
