Mexico inflation pact eases food oversight in 'goodwill' move

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Mexico inflation pact eases food oversight in 'goodwill' move
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Mexico's move to exempt some foodmakers and retailers from quality checks from national health regulators as part of an anti-inflation plan to keep costs down is a 'goodwill' agreement, President Andres Manuel Lopez Obrador said Monday.

The agreement puts the responsibility on the signatory companies of ensuring that their imported products meet safety and quality standards. Finance Minister Rogelio Ramirez said it applied to all food products, not just basic foodstuffs, brought in by the companies.The measure, which must be published in Mexico's official gazette to take effect, has stirred discontent from competitors.

Lopez Obrador said the move was made to cut through bureaucratic red tape from regulators Senasica, Mexico's agricultural inspector, and Cofepris, a health regulator. If Mexico allows food products to enter from countries without such agreements, it could be in violation of existing treaties, experts say.

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