- Title: U.S., Mexico reach sugar pact but U.S. producers not on board
- Date: 6th June 2017
- Summary: MAUI, HAWAII, UNITED STATES (AUGUST 1, 2015) (REUTERS) VARIOUS OF SUGAR PLANTATION VARIOUS OF TRUCKS TRANSPORTING RIPE SUGAR CANE FOR HARVESTING VARIOUS OF CRANES UNLOADING SUGAR CANE FROM TRUCKS AND LOADING TO CANE CLEANER VARIOUS OF ENTRANCE TO SUGAR PROCESSING FACTORY PUUNENE MOLASSES BEING SEPARATED FROM RAW SUGAR CRYSTALS BY CENTRIFUGAL FORCE TUXTEPEC, OAXACA, MEXICO (JANUARY 13, 2017) (REUTERS) VARIOUS OF SUGAR CANE PLANTATION VARIOUS OF CUT SUGAR CANE
- Embargoed: 20th June 2017 20:16
- Keywords: imports of American high-fructose corn syrup Mexican Minister of Economy Ildefonso Guajardo U.S. Commerce Secretary Wilbur Ross United States and Mexico deal on sugar trade
- Location: WASHINGTON, D.C., AND MAUI, HAWAII, UNITED STATES; TUXTEPEC, OAXACA, MEXICO
- City: WASHINGTON, D.C., AND MAUI, HAWAII, UNITED STATES; TUXTEPEC, OAXACA, MEXICO
- Country: USA
- Topics: Government/Politics
- Reuters ID: LVA0026K55A9V
- Aspect Ratio: 16:9
- Story Text: The U.S. and Mexican governments reached a new agreement in principle on trade in sugar, but U.S. producers have failed to endorse the deal, U.S. Commerce Secretary Wilbur Ross said on Tuesday (June 6).
The agreement, which calls for Mexico to shift its export a smaller proportion of refined sugar and a larger proportion of raw sugar to the United States, would go through a final drafting stage, during which he said the two sides would try to make it easier for U.S. sugar producers to "come on board" with the deal, Ross said.
The deal cut by Ross and Guajardo leaves Mexico's overall access to the U.S. sugar market unchanged but refined sugar must fall to 30 percent of overall imports from Mexico from a previous limit 53 percent.
Sources on both sides of the border said on Monday that the U.S. sugar industry had added new demands outside of the terms agreed on earlier in the day by the two governments. U.S. refiners have complained that high-quality Mexican raw sugar was going straight to sugar consumers, rather than passing through U.S. refineries.
The deal would mark the culmination of a years-long dispute between the countries over sugar, after U.S. groups three years ago asked the government for protection from dumping of subsidized imports from Mexico.
- Copyright Holder: FILE REUTERS (CAN SELL)
- Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None