The Mexican textile industry “afraid” that he Free Trade Agreement with South Korea open the door to smuggling of Asian origin, since it would allow the triangulation of products of Chinawarned Manuel Espinosa Maurer, president of the National Chamber of the Textile Industry (Canaintex).
“We will be the losers of that Treaty (with South Korea),” assured the leader of the industrialists, requesting “sensitivity” from the Ministry of Economy to review this eventual agreement that would be negative for Mexico.
In an interview, Espinosa Maurer established: “we have to be very careful, since it would be one more door for China, and in the country-trade analysis, but what is the back door that these treaties generate in all the regions that have purchases of Chinaand incurring in illegal practices and that there is the door to triangulation”.
The industrial leader said that Mexico and South Korea they manufacture similar products, with the difference that the Asian nation had a period of export industrialization, a period in which its government injected economic support, subsidies and taxes to strengthen the domestic industry.
“Because of the cost structure of a country there is no problem, Mexico is competitive, but what is scary is the whole issue of illegality that we have not been able to overcome, that is, it is one more door to triangulation, it is one more door to smuggling, then the treaties that we have entered into must be thoroughly reviewed,” warned the businessman from Puebla.
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