According to local media reports, Mexico is preparing to create the North American Committee on Selo in cooperation with the United States in order to strengthen regional trade ties and reduce depending on Asian steel imports. The proposal was received against the backdrop of ongoing negotiations on steel tariffs between the two countries and ultimately may include Canada as part of USMCA.
strengthening of regional trading steel
Luis Rosendo Gutierres Romano, Deputy Minister of Foreign Trade of the Ministry of Economy Mexico, announced that he announced that he announced that he announced that he announced that he announced that Mexico will offer to restore the double -sided steel committee. The composition of this body will include both the private sector and state trading officials.
This initiative reflects the activities of the former North American Stale Trade Committee, created in 2002, as part of NAFTA to assist cooperation in the North American market, and oriented to trade within NAFT. NAFTA and indirectly NASTC were replaced by USMCA in 2020 by the Trump administration in order to introduce more effective rules and adjustments in the sale of steel in North America.
reducing dependence on Asian steel
the proposed committee will concentrate on replacing imports of Asian steel Purchases have become in the USA. This can make the path for Mexico to increase tariffs for a certain import from Asia, strengthening the local demand for regional steel. “We analyze a number of trading practices to strengthen ourselves as a region, protect
