Mexico And EU To Consider Elimination Of Automobile Tariffs Ahead of Schedule.(European Union)(Brief Article)

Mexico may begin to eliminate all tariffs on automobiles from the European Union beginning in April, which will lead to a reduction in the prices for consumers and will increase competition for local automobile producers. Mexico already reached a mutual agreement with the United States and Canada to eliminate tariffs beginning last January.

Currently, there is a 2 percent tariff on vehicles from the European Union. European carmakers asked the Mexican government to review the tariffs and eliminate them, a step Mexico had been scheduled to take in January 2003.

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