* The government led by President Enrique Peña Nieto and the US Department of Commerce have announced the approval of a deal, agreed in principle on 6 June, that resolves a dispute affecting Mexican sugar imports to the US. Under the agreement, Mexican sugar producers will avoid the imposition of onerous import duties on sugar exports to the US, as had been demanded by US sugar producers, who accused them of dumping cheap sugar into the US market. According to official statements the agreement increases the government-subsidised price at which raw and refined sugar is sold to Mexican mills and introduces new lower quotas on Mexican sugar imports to the US.
End of preview - This article contains approximately 236 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options