Mexico and the European Union have agreed to abolish tariffs on light vehicles earlier than planned, moving the date up from Jan. 1, 2003, to May 20. A 1.1% duty on vehicles with a weight up to 8.6 tons (7.8 t) traded between Mexico and European countries will be eliminated under provisions of the North American Free Trade Agreement. Duties on heavy vehicles and auto parts exported to Europe by Mexico will remain in effect until Jan. 1, and duties for auto parts exported to Mexico by ...
Premium Content (PAID Subscription Required)
"Mexico and the European Union Vote to Cut Vehicle Tariffs Early" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.