Mexico: Mexico Announces Temporary Tariff Rate Quota for Soybeans
On October 1, 2021, Mexico published a tariff rate quota (TRQ) applicable to soybean imports from all trading partners, which took effect immediately and will be in force through December 31, 2021. The TRQ volume is 500,000 metric tons of soybeans imported under the HS code 12019002 with zero import duty. The Mexican authorities will assign the TRQ by direct allocation on a first-come, first-served basis. This report contains an overview and background information about the notice.