GENEVA — Trading partners in a global forum praised Mexico for ushering in an ambitious liberalization program to slash industrial tariffs, including textiles and apparel, that brought down average duties for manufactured goods to 4.6 percent in 2012 from 9.9 percent in 2007.
“We commend Mexico for its policy of unilateral liberalization efforts, which sets a helpful example within the Latin-American region, particularly given the state of the global economy,” Michael Punke, deputy U.S. Trade Representative, told a two-day World Trade Organization review session of Mexico’s trade regime late last month.
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