/Xinhua
China’s Ministry of Commerce announced that it has decided to initiate an investigation into Mexico’s restrictive measures that constitute trade and investment barriers.
The restrictive measures to be investigated include the Mexican government’s plans to increase tariffs on products from China and other partners with which there is no free trade agreement, as well as other trade and investment restrictions imposed in recent years against the Asian country, according to the ministry.
“In the current context of the United States’ abuse of tariff increases, all countries should jointly oppose all forms of unilateralism and protectionism, and should not sacrifice the interests of third parties under the coercion of others,” a ministry spokesperson said in response to a media inquiry.
“If Mexico’s unilateral acts of imposing additional tariffs are implemented, even within the framework of the WTO, they will not only harm the interests of its relevant trading partners, including China, but will also seriously affect the certainty of the country’s own business environment, thereby undermining companies’ confidence in investing in Mexico,” the spokesperson added, stating that China firmly opposes such acts.
The Ministry’s decision to initiate the investigation aims to resolutely safeguard the interests of China’s relevant industries, according to the official.
