How does the NAFTA affect the tariff rates between Canada and Mexico?
On Jan. 1, 2003, the final tariff reduction in the Canada-Mexico phase-out schedule was done. The Mexican Administration showed its commitment to the NAFTA by proceeding with the tariff cuts in the face of significant political opposition from certain sectors. Another good example of our commitment to further trade liberalization through NAFTA is the amendment of rules of origin for certain products, including alcoholic beverages and petroleum/topped crude oil, which was implemented on Jan. 1, 2003. These changes make it easier for manufacturers of these products to qualify for duty-free treatment under the NAFTA.
