Mexico inflation pact eases food oversight in ‘goodwill’ move
October 11, 2022
Mexico’s move to exempt some foodmakers and retailers from quality checks from national health regulators as part of an anti-inflation plan to keep costs down is a “goodwill” agreement, President Andres Manuel Lopez Obrador said
by Adrianna Barrera – Reuters
Lopez Obrador and officials announced the plan made with companies such as Walmart’s Mexico unit and tortilla maker Gruma. The plan also exempts them from paying import tariffs on food products.
The agreement puts the responsibility on the signatory companies of ensuring that their imported products meet safety and quality standards. Finance Minister Rogelio Ramirez said it applied to all food products, not just basic foodstuffs, brought in by the companies.
“The deal has stirred discontent from competitors and sparked concerns it could violate a trade deal with the United States and Canada”
Posted in Politics & Science