China initiates probe into Mexico's trade, investment barriers

The restrictive measures to be probed include Mexico’s plans to raise tariffs on products from China and other non-free trade agreement partners, as well as its other trade and investment restrictions imposed in recent years against China, the ministry said in a statement.

If Mexico's ‘unilateral acts’ of imposing additional tariffs are implemented, even within the framework of the World Trade Organization (WTO), it will not only harm the interests of its relevant trading partners including China, but also seriously affect the certainty of the country's own business environment, thus undermining enterprises' confidence in investing in Mexico, a ministry spokesperson was cited as saying by a state-controlled media outlet.

China firmly opposes such acts and the ministry's decision to initiate the investigation aims at resolutely safeguarding the interests of the country’s relevant industries, the spokesperson added.

ALCHEMPro News Desk (DS)