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Mexico sore about Chinese subsidies

Mexico wants China to do something about the subsidies China grants its textiles and garment manufacturing sector. In October 2012, Mexico had filed a complaint with the World Trade Organization, blaming the Chinese government for subsidizing its textile and garment manufacturing sector, resulting in unfair competition for the Mexican textile and clothing industry. 

Meanwhile Mexico and China have agreed to increase trade and investment flows between the two countries and to support business missions to explore new areas of economic and commercial cooperation. Mexico feels that while it has dropped tariffs on a host of Chinese goods in recent years, the Chinese market remains for most purposes closed to Mexican goods. So Mexico wants to take a more aggressive stance with China. It hopes to gain greater access to Chinese markets, especially selling foodstuffs, manufactured goods, minerals and energy. 

Mexico alleges Chinese manufacturers get export credits, have strong government support and enjoy the benefits of other unfair trade practices. The country wants a level playing field. China has a massive trade surplus with Mexico. Last year, it exported $57 billion worth of goods to Mexico, while Mexico only exported $6 billion to China.


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