[Síguenos ahora también en WhatsApp. Da clic aquí]
Mexico’s footwear industry noted on Wednesday that introduction of countervailing duties of almost 18% on products from China improve competitiveness in this sector for Mexican producers.
This was stated at a press conference by Mauricio Battaglia, President of the National Chamber of the Shoe Industry (Canaical) and the Chamber of the Shoe Industry of the State of Guanajuato (Ciceg), after the Secretariat of the Economy (SE) imposed on September 30 countervailing duties for anti-dumping investigations.
A preliminary resolution from a Mexican government agency assesses 17.99% commission on synthetic boots, sandals, textile shoes, sports tennis shoes, among other things.
Which adds 35% to tariffs which the Mexican government has also imposed on imports of Chinese shoes, given prices below the cost of national production, resulting in Chinese companies making profits of up to 82%.
Battaglia said Mexican producers are not against imports, but He opposed “the field being uneven.”
“We celebrate the adoption of the resolution setting preliminary import quotas for Chinese footwear. This resolution is of historical significance because let us remember that “The last shoe measure in Mexico took place 30 years ago,” – he commented.
He also recalled that the compensation fee It will be temporary and will end in January 2025. At the same time, he estimated that the anti-dumping process will be completed in the first quarter of next year.
“We hope that little by little the damage done to national industry is being restored, “We shoe manufacturers will be able to restore our competitiveness in the domestic market and thereby increase our sources of employment again,” he said.
In addition, the Ciceg leader also stated that SE is still awaiting a decision from the Mexican government.solve problems in e-commerce, a route that brings in large quantities of product at prices that put the nation’s footwear industry at a disadvantage.
He explained that the damage amounts to $4,000 million from products that cost less than one dollar. into the country without paying duties and which are then sold at prices lower than in the domestic market on electronic platforms such as Shein, Temu, Aliexpress, Shopi, among others.
According to the Mexican footwear industry, The industry’s imports of Chinese-made shoes totaled nearly 50.7 million pairs of shoes. in the period January-August 2024, an increase of almost 17% compared to the same period in 2023.
You might be interested > Mexico reports a trade deficit of $4.868 million in August.
The industry has lost 7,480 jobs since June 2023 and reported a 12.6% slowdown in output amid competition the sector views as unfair.
(EFE)
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.