Mexico reduces tax on Chinese shoes

Mexico currently imports 75 per cent of its footwear from Asia

Mexico has taken the decision to cut import tariffs on more than 200 Chinese goods – including footwear – as part of a trade deal which was made ten years ago when the Asian country joined the World Trade Organisation. A range of products, which were previously taxed at 50-250 per cent, will now be subject to a greatly reduced tariff of 20-35 per cent. Most of the products affected are shoes, textiles and toys, according to geopolitical analysts Stratfor.

The Mexican Economy Secretary, Bruno Ferrari, reported that his government is working with national industries, to ensure that trade between China and Mexico is handled in equitable conditions and strictly adheres to international norms.

According to SATRA’s World Footwear Markets, Asian footwear comprises three-quarters of the shoes sold in Mexico, 10 per cent being made in China. That market share is likely to grow with the announced reduction in tariffs.

Publishing Data

This article was originally published on page 4 of the February 2012 issue of SATRA Bulletin.

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