Canada eliminates duty on trucks, buses imported from Mexico
OTTAWA (Jan. 9, 2001) — Canada and Mexico eliminated tariffs on motor vehicles and other products effective Jan. 1, a year earlier than prescribed by the North American Free Trade Agreement.
International Trade Minister Pierre Pettigrew announced yesterday that Canada will eliminate tariffs on motor vehicles and engines originating in Mexico. Mexico will eliminate tariffs on most motor vehicles, certain types of wood pulp, railway stock parts, graders and levellers.
The U.S. and Mexico reached a similar agreement. Tariffs on qualifying goods traded between Canada and the United States have been duty-free since Jan. 1 1998.
Canada imported $2.6-billion in motor vehicles from Mexico in 2000. The government charged tariffs of 0.3% and 0.6%, respectively. Eliminating the tariff on vehicles will save importers about $8 million.
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