·Chinese tire companies have business opportunities in the Mexican market

In the past, the main destinations for China's tire exports were the United States and the European Union. However, the US Department of Commerce recently obtained a partial government subsidy for some Chinese tires. If the arbitration results remain unchanged, the Chinese tire industry will face a punitive tariff of 17.7% to 81.3%. The EU has also graduated from the list of countries enjoying GSP treatment since 2015, and no longer grants preferential treatment for tariff reductions. The outlook for the two traditional tire export markets in the US and the EU is worrisome, and the development needs of emerging markets are particularly urgent.
Since February 8, 2015, China's tire exports to Mexico will enjoy zero tariff treatment. Mexico’s recently passed decree adjusted the MFN tariff rates for several customs tariffs, including the new tariff code 4013.90.99 (rubber inner tube for motorcycles) and the tariff code 4011.40.01 (new inflatable rubber inner tube for motorcycles) . The Mexican side believes that there is no production of the above-mentioned products in its country, and its corresponding importing countries often do not sign free trade agreements with them. Therefore, the country decided to reduce the MFN rate of imports of the above two tariff items to 15% from the original 15%.
Here, Jiangsu Nantong Inspection and Quarantine Bureau reminds China's tire foreign trade enterprises to firmly grasp this machine.

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