Mexico to Use Competitive Bidding for 90% of Wool Apparel TPL
In the November 29, 2010 Diario Oficial, the Government of Mexico states that the direct allocation mechanism (first come, first serve) will no longer be solely relied upon to allocate its wool apparel tariff preference level (TPL) under NAFTA for the U.S. and Canadian markets, as Mexico's wool apparel TPL allocation is exhausted during the first half of each year.
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The Diario Oficial states that a competitive bidding mechanism will be used to allocate 90% (1,350,000 MCE) of this wool apparel TPL, which will provide greater certainty in planning business. (See ITT's Online Archives or 11/22/10 news, 10112211, for BP summary of 2011 NAFTA TPLs for Mexico and Canada.)