Mexico: The Ministry of Economy prepares a quota for bean imports

Published Apr 19, 2021

Tridge summary

The Mexican Ministry of Economy has proposed a draft agreement to import 70,000 tons of black beans, in response to increased demand and decreased domestic production due to COVID-19 and drought conditions. This quota, classified under tariff section 0713.33.99, will be in effect from the release of the modification until September 30, 2021. The goal is to diversify supply sources and meet domestic demand during periods of lower production. The duty-free import quota applies to beans classified under certain tariff items from August 15 to November 30 each year.

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Original content

OPPORTIMES. The Ministry of Economy released, as a draft in Conamer, an agreement related to a quota for imports of 70,000 tons of black beans to Mexico. As part of the modifications to the respective agreement, the precision for 2021 of the allocation of 70,000 tons exclusively for the importation of black beans will be added to Article 1, classified in tariff section 0713.33.99 identified with the commercial identification number ( NICO) 02 “Black bean”. Today, argued the Ministry of Economy, there is a growing demand for beans due to the health emergency caused by Covid-19, and a decrease in production due to the drought conditions that occurred in the Spring-Summer 2019 cycle, in states where the storm prevails in said cycle, which has resulted in a reduction in inventories. Despite the fact that in the agricultural year 2020, production increased by 26.7% compared to the agricultural year 2019 (from 879,404 to 1 million 114,149 tons), this is lower than that registered in ...

Source: Inforural