Japan, Mexico Free Trade Agreement in Effect

May 1, 2005
/ Print / Reprints /
ShareMore
/ Text Size+
The free trade agreement between Japan and Mexico was implemented on April 1, along with the removal of the 25.2 yen-per-liter tariff on tequila imports from Mexico.

Exports of tequila to the Japanese market "will immediately increase to 30 percent more than we export now and will be double in three years," said Eduardo Orendain, president of the National Chamber of the Tequila Industry.

Orendain said that Japan will quickly become one of the world's five largest importers of tequila. Japan is currently number 7, after the United States, Germany, Greece, England, Canada and Italy.

According to the Foreign Ministry, Japan imported some 680 million yen worth of tequila in 2003, compared with 380 million yen worth in 2002.

Orendain feels "100 percent positive" about the future of tequila in the Japanese market. "Why not with Japan?" Orendain asked, citing the FTA with the European Union that Mexico signed in 1997, which expanded exports of tequila to the EU by 50 percent.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Five Wearable Manufacturing Technologies of the Future

Video applications, Employee Monitoring, Field service, Plant monitoring, Improving employee safety.

For more manufacturing insights, visit www.exactonline.com.

 

Podcasts

Assurance of Supply: A Top Concern for Manufacturers

Every manufacturer has an assurance of supply problem to some extent due to the complexity of global sourcing. For years, manufacturers were blessed with high margins but margins have grown paper thin. You can’t fill up your distribution centers with excess inventory – not only is there a cost factor but the pace of business and consumer buying trends causes goods to quickly turn obsolete. Assurance of supply provides the speed and agility that is essential to being able to compete in today’s market.

 

Speaker info: Diane Palmquist, VP Manufacturing Industry Solutions

                                         

More Podcasts

World Trade 100 Magazine

wt october 2014

2014 October

Check out the October 2014 edition of World Trade WT100, featuring our cover story: Logistics Drives Site Selection, plus much more!

Table Of Contents Subscribe

Transportation Capacity

As peak season has gotten underway, what is your experience with transportation capacity?
View Results Poll Archive

WT100 STORE

world-class-warehousing.gif
World-Class Warehousing and Material Handling, 1st Edition

Filled with proven operational solutions, it will guide managers as they develop a warehouse master plan, one designed to minimize the effects of supply chain inefficiencies as it improves logistics accuracy and inventory management - and reduces overall warehousing expense.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Use our interactive maps to locate service providers across North America.Interactive Map

Logistics Development Partners 

IWLA Members