Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The Mexican Secretariat of Economy has imposed a final compensatory tariff on metal fasteners or zips imported from China after an investigation concluded that the product was sold at less-than-fair-value.


A resolution published in the country’s official gazette (Dof) on Jan 6 indicated that Chinese exporters had sold metal fasteners at 27-42pc below the selling price of domestic producers. As a result, the economy ministry had levied duties set at $7.07/kg on all metal zips exported to Mexico from the Asian nation.


The probe was opened in April 2019, following a request from the Mexican company Cierres y Accesorios BBJ, which exports its products to Ecuador, Colombia, Dominican Republic, Uruguay, Costa Rica, Chile, and Guatemala.


The product affected is classified under tariffs 9607.11.01, according to data from the Dof, though it did not disclose the date for the conclusion of the final compensatory tariff.







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