There were recent signals of Mexico taking steps to protect its textile industry as President Andres Manuel Lopez Obrador said producers had been left ‘defenceless’ by earlier governments. The government earlier reduced tariffs for textile and footwear imports from nations with which Mexico has no trade agreements. Obrador indicated a U-turn on those moves.
“We’ll review this case, always thinking about protecting national industry,” global newswires quoted Obrador as saying.There were recent signals of Mexico taking steps to protect its textile industry as President Andres Manuel Lopez Obrador said producers had been left 'defenceless' by earlier governments. The government earlier reduced tariffs for textile and footwear imports from nations with which Mexico has no trade agreements. Obrador indicated a U-turn on those moves.#
Obrador dubs the administrations that ruled Mexico from the early 1980s onwards as “neo-liberal.”
The National Footwear Industry Association welcomed the president’s statements.
The government is reviewing ‘alternative measures’ to support the industries following meetings with representatives from the steel, textile and footwear sectors, the Mexican economy ministry twitted. (DS)
ALCHEMPro News Desk – India
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