ITC Rules Heavily Subsidized Sugar from Mexico Hurt U.S. Producers

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The U.S. International Trade Commission ruled Tuesday that Mexico’s sugar industry harmed American producers by dumping cheap, subsidized sugar onto the U.S. market.

The verdict means that an agreement negotiated between the U.S. and Mexican governments aimed at preventing dumping will remain in effect for at least five years.

Sugar producers filed cases against Mexico in March 2014. The ITC and U.S. Department of Commerce then launched investigations into Mexico’s sugar industry.

The Commerce inquiry concluded on Sept. 16 and found that Mexico’s sugar industry had benefited from subsidy rates up to 44 percent and had shipped sugar to the United States at dumping margins of more than 42 percent. The Commerce Department had said the dumping caused American sugar producers to lose roughly $1 billion from 2013 to 2014.

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Source:  New Orleans Advocate

 

 


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