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Box 5.3

Timeline of NAFTA corn tariff phaseouts

Canadian tariffs

On US corn:

  • were completely eliminated on January 1, 1998, after a nine-year phaseout period

On Mexican corn:

  • will be completely eliminated on January 1, 2008

Mexican tariffs On US corn:

  • immediate elimination of import licensing requirement on January 1, 1994

  • immediate establishment of duty-free tariff rate quotas (TRQs)

  • in-quota tariffs set at 2.5 million metric tons on January 1, 1994: In-quota tariffs will

gradually increase by 3 percent per year during a 14-year transition period, until TRQ is completely eliminated by January 1, 2008; TRQ in 2001: 3.1 million metric tons

  • overquota tariffs based on gradual transition period: Overquota tariff equaled $206 per metric ton but not less than 215 percent, of which 24 percent was gradually elim- inated in 2000; remaining overquota tariff will phase out by 2008; 1994: overquota tariff equaled greater of 206.4 percent ad valorem or 19.7 cents per kilogram; 2001: overquota tariff equaled greater of 127.1 percent ad valorem or 12.1 cents per kilogram; 2001 scheduled overquota tariffs replaced with minor overquota tariffs of 1 percent on yellow corn and 3 percent on white corn until end of 2001

On Canadian corn:

  • immediate elimination of import licensing requirement on January 1, 1994

  • immediate establishment of duty-free TRQs

  • in-quota tariffs set at 1,000 metric tons on January 1, 1994

  • in-quota tariffs will gradually increase by 3 percent per year during a 14-year tran-

sition period, until TRQ is completely eliminated by January 1, 2008

  • TRQ in 2001: 1,230 metric tons

  • no overquota tariffs

US tariffs On Canadian corn:

  • were completely eliminated on January 1, 1998, after a nine-year phaseout period

On Mexican corn:

  • were eliminated on January 1, 1994

Source: Zahniser and Link (2002).

330

NAFTA REVISITED: ACHIEVEMENTS AND CHALLENGES

Institute for International Economics | www.iie.com

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