RESTRICTED
WORLD TRADE G/SCM/Q2/MEX/7
3April 1997
ORGANIZATION(97-1346)
Original: English Committee onSubsidies andCountervailing Measures
SUBSIDIES
Questions from theUNITED STATES Regarding theNew
andFullNotification ofMEXICO1
Thefollowing communication, dated 25March 1997 hasbeenreceived from thePermanent
oftheUnited States.
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1. InMexico 'snotification ofthePITEX programme, Mexico indicates thatonly"temporary
imports" (ofmachinery, equipment, moulds, toolsandspareparts) qualify forthedrawback programme.
Howare"temporary imports" defined? Would Mexico please giveanindication ofhowlongthese
temporary timeperiods are? Howdothelengths ofthese temporary timeperiods compare withthe
average useful lifeofthese imports, taking intoaccount anyaccelerated depreciation allowance that
might apply? Ifthemachinery, equipment, moulds, etc.arenotre-exported, doestheproducer/importer
paydutyonthedepreciated value ortheoriginal value?
2. Could Mexico please report theterms andconditions (e.g., theinterest rates) under which the
Banco Nacional deComercio Exterior ("BANCOMEXT") extends pre-shipment andpost-shipment
financing, inbothdollars andpesos, toMexican exporters? Howdointerest ratesonthisfinancing
compare withthose applicable tocomparable financing from commercial sources inMexico?
1G/SCM/N/3/MEX.