Transshipments of grain-oriented electrical steel (GOES); negotiations concluded between Mexico and United States
Transshipments of grain-oriented electrical steel
The Office of the U.S. Trade Representative (USTR) today announced that representatives of the governments of Mexico and the United States concluded consultations to address the transshipment of grain-oriented electrical steel (GOES) from outside the North American region into the United States through “GOES-containing downstream products.”
The USTR release announces that Mexico will:
- Establish a strict monitoring regime for exports of electrical transformer laminations and cores made of non-North American GOES
- Closely monitor shipments of these products to the United States (from the fourth quarter of 2020 onward)
Pursuant to these negotiations, imports from Mexico will not be subject to any action to adjust imports of electrical transformers and related parts that may be adopted by the United States under Section 232 of the Trade Expansion Act of 1962.
The USTR release states that Mexico and the United States will consult at regular intervals on the implementation of these agreed measures and on the state of bilateral trade and market conditions relating to GOES.
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Christopher Young |
Gisele Belotto |
George Zaharatos |
Andy Doornaert |
Jessica Libby |
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