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 ...
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