OTTAWA, Ont. — International Trade Minister Pierre Pettigrew says vehicles can now be sold between Mexico and Canada without duties or tariffs.
The three NAFTA nations agreed to accelerate their elimination effective Jan. 1 — a full year ahead of schedule.
“Tariff acceleration is an industry-driven exercise. This announcement underscores the continuing success of the NAFTA and the importance to industry of tariff-free access,” says Pettigrew. “Eliminating Mexican tariffs for certain products on Jan. 1, 2002, rather than Jan. 1, 2003, will make Canadian exporters more competitive in the Mexican market.”
In addition to most vehicles, Mexico will eliminate tariffs for such products as certain wood pulp, railway stock parts, graders and levellers. For its part, Canada is eliminating tariffs on motor vehicles originating in Mexico. The estimated value of two-way trade in the goods for this package is approximately $3.1 billion.
Tariffs on qualifying goods traded between Canada and the U.S. have been duty-free since 1998.
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News