The Foreign Trade of Latin America : a Report On the Trade of Latin America With Special Reference to Trade With the United States .. Pt.2, Section 17 (Mexico)
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The first import subsidy was granted for kidney beans on September 26, 1938, since domestic stocks were insufficient to meet requirements. The subsidy v^as granted with the proviso that the local sales price 1/ One of the Bank of Mexico and one of the National Bank of Foreign Comiaerce . 3^ must not exceed that assigned by the Regulating Committee on the Marketing of Foodstuffs. Subsidies for specified quantities of rice were authorised by the Committee during October 1938. Export duties, subsi...dies, and embarg ; oes . - Eaqjort duties of various types have long been levied on a number of commodities ex- ported from Mexico. On September 1, 1939, an entirely new system of assessing export duties and classifying export merchandise was adopted. Under the new export tariff, approximately 225 items were 1/ made subject to specific duties. In addition to other export duties, one of 12 percent ad valorem was authorized by a decree effective Augixst 9, 1938. This duty be- comes effective when the prices of the exported commodities in Mexican c\irrency exceed the average price during the month of February 1938.
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