BUSINESS SECTION

Mexico will collect $20.9 million through tariffs on US goods to compensate for the Byrd Amendment in 2002

The Mexican government put US20.9 million of tariffs on U.S. products including chewing gum and red wine to compensate for dumping duties the U.S. collected from Mexican companies under the Byrd Amendment of 2000, the Economy Secretariat said in an emailed statement on Wednesday.

Mexico imposed the duties after the World Trade Organization in 2002 found the Byrd Amendment incompatible with its antidumping statutes, the Secretariat said.

Dumping duties are levied to retaliate against those companies that sell their goods below market value.

The Byrd Amendment, named after West Virginia Sen. Robert Byrd, allowed the U.S. government to distribute tariffs to U.S. companies. Mexico's tariffs will end after the US20.9 million is collected, the Secretariat said.

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