Mexico cuts NZ kiwifruit import tax by 20%

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Mexico cuts NZ kiwifruit import tax by 20%

The Mexican government is to reduce its import tax on New Zealand kiwifruit by one fifth, website reported.

Economics minister Bruno Ferrari said the move would benefit Mexican consumers and open up new possibilities of trade between the two nations.

He said co-operation between the two countries would attract investment in developing high quality kiwifruit which was mutually beneficial.

Ferrari made his announcement about lifting the import tax at the recent Asia-Pacific Economic Cooperation (APEC) forum for trade ministers.

The move is a result of two years negotiations between the two countries.

Mexico imported US$17 million of kiwifruit in 2010 of which 15% came from New Zealand and 50% from the U.S.


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