Mexico and China sign shoe deal

Chinese Commerce Minister Chen Deming represents China in footwear talks with the Mexican government.

The Mexican and Chinese governments have signed an agreement to prevent low-cost Asian-made footwear from overwhelming the Mexican market, according to Mexico’s Economy Secretary, Bruno Ferrari.
The treaty, which runs until December 31st 2014, requires customs authorities in both countries to verify that the price of shoes leaving China remains the same when they arrive in Mexico.

Mexico’s footwear manufacturers were behind the push for this accord, which was settled after negotiations between officials and manufacturers in both countries and bilateral talks between Mr Ferrari and Chinese Commerce Minister Chen Deming.

“With this agreement, it won’t be necessary to begin the transitional safeguard mechanism, amid the substantial increase in Chinese shoe imports,” remarked Mr Ferrari.

Lorenza Martinez, Mexico’s Deputy Industry and Trade Secretary, is reported as saying that the pact is not aimed at obstructing trade, but rather to defend the Mexican domestic footwear market from the extremely low prices of shoes currently entering from Asia.­

Publishing Data

This article was originally published on page 3 of the May 2012 issue of SATRA Bulletin.

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