Thursday, May 12, 2011

Mexico - Japan Relations

The increasingly important development of Mexican –Japanese relationship is showing continued signs of strengthening. The outcome of such continued effort will result in increased tourism and retirement options as cultural and social differences are addressed. Thus allowing for specific community developments to be established in Mexico for receiving Japanese interests. This effort reflects the work toward excellent reciprocal relations for the mutual good of both Japan and Mexico.

According to the latest press release from the Japanese Consulate, the sixth meeting of the Joint Committee established under the Agreement between Japan and the United Mexican States for the Strengthening of the Economic Partnership (Japan-Mexico EPA) was held in Mexico City, which Mr. Ikuo Yamahana, Parliamentary Vice-Minister for Foreign Affairs of Japan, and Ms. Beatriz Leycegui Gardoqui, Vice-Minister for Foreign Trade of Mexico co-chaired. In the meeting, Japan and Mexico reached an agreement in principle on the re-consultation of the Japan-Mexico EPA that started in September 2008, with the attached Joint Press Statement released. The main points of the agreement are as follows:

Improvement of market access

(1) Mexico decided to eliminate tariff imposed on automobile parts and paper for ink-jet printers exported from Japan.

(2) Japan decided to expand tariff rate quota and to reduce in-quota tariff applied to beef, pork, chicken, orange and orange juice, etc. exported from Mexico.

(3) Both countries decided to apply most-favored-nation (MFN) applied rate under WTO, in the cases where the MFN applied rate on a particular good is lower than its Japan-Mexico EPA applied rate.

Introduction of the approved exporter system

In order to facilitate procedures of certificate of origin and to mitigate the burden of exporters, both countries decided to introduce the approved exporter system, where exporters that satisfy certain requirements are allowed to issue certificates of origin by themselves.

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