Mexico to Eliminate Tariffs on U.S. & Canadian Natural-Gas Imports by July
The Mexican government has announced plans to eliminate a tariff on imports of US and Canadian natural gas earlier than scheduled to compensate for a potential energy shortage in northern areas of the country. The 4% tariff will be scrapped July 1. If Mexico had followed the timetable spelled out under the North American Free Trade Agreement (NAFTA), the tariff would have remained in place until 2003. The government had planned to eliminate the tariff at the end of 1999, but moved up the date to the middle of the year to boost supplies of natural gas in the rapidly growing industrial areas of northern Mexico. "Eliminating the tariff will improve the quality of energy available both …
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Publication information: Article title: Mexico to Eliminate Tariffs on U.S. & Canadian Natural-Gas Imports by July. Contributors: Not available. Magazine title: SourceMex Economic News & Analysis on Mexico. Publication date: May 26, 1999. Page number: Not available. © 2009 Latin American Data Base/Latin American Institute. COPYRIGHT 1999 Gale Group.
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