The Government of Mexico recently issued a decree extending zero-duty treatment of certain food imports – including pork, beef and poultry – from all eligible suppliers through the end of 2024.
Erin Borror, U.S. Meat Export Federation vice president of economic analysis, explains that Mexico first suspended these import duties as part of an effort to combat rising food prices.
“So if we recall back to May of 2022 and the inflationary reduction efforts by several countries, that’s when the Mexican government first implemented zero tariffs on all imports of beef, pork and poultry. Not…