According to The Latin American Tribune, bilateral talks have led to an agreement resolving an anti-dumping complaint US sugar producers filed in March against Mexican exporters, México’s government said.
The American Sugar Alliance had accused Mexican exporters of dumping cheap, subsidized supplies on the US market and had sought the imposition of a tax on sugar imports from México.
But negotiations involving officials and industry representatives from both sides of the border resulted in an accord based “on the acknowledgment that the US sugar market is highly regulated” and that the United States must often resort to imports to meet demand for sweeteners, México’s Economy Secretariat said.
COMMENT: The pact establishes a formula that ensures Mexican sugar producers will be given preference in meeting any deficit in the US market, the secretariat said in a statement.
“Finally, the parties agreed on a mechanism of benchmark minimum prices for Mexican exports of standard and refined sugar to the United States, consistent with (US) legislation and public policies,” according to the statement.
The North American Free Trade Agreement (NAFTA) has created an integrated North American sweetener market in which México exports sugar to the United States and imports high-fructose corn syrup from its northern neighbor.