IARN — As part of its effort to combat food price inflation, the Mexican government has suspended import duties on pork, beef and poultry through the end of 2022. Mexico has previously opened duty-free quotas for pork and poultry, but this is the first time a blanket suspension has been ordered. Zero-duty access will be granted to fresh and frozen muscle cuts from all eligible suppliers, but duties remain in place on variety meat and processed products.
Erin Borror, U.S. Meat Export Federation (USMEF) vice president of economic analysis, noted that all U.S. and Canadian pork and beef (including variety meat and processed products) already enter Mexico at zero duty under NAFTA and the U.S.-Mexico-Canada Agreement (USMCA). Brazilian pork and beef are not eligible for Mexico, so she said that the main beneficiaries of this policy change will be European pork suppliers.
For more on this story, visit the Iowa Agribusiness Radio Network.
Photo courtesy of U.S. Meat Export Federation
