| United States & Mexico Nearing Deal on Sugar Trade Wochit News | |
| go to original June 6, 2017 |
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On Tuesday, Mexican Economy Minister Ildefonso Guajardo said that the United States and Mexico are close to announcing a deal on sugar trade. It is a deal that will avert steep US duties on Mexican sugar imports and clear renegotiations of the NAFTA trade agreement.
The deal will reduce the share of refined sugar that Mexico can export to the United States but maintain Mexico's overall access to the U.S. sugar market. An agreement would help avoid potential retaliation from Mexico on imports of U.S. high-fructose corn syrup, a trade battle that would heighten US-Mexico tensions.
Related: U.S., Mexico Clear Way for NAFTA with New Deal on Sugar Trade (Politico)
Related: U.S., Mexico Reach Sugar Pact But U.S. Producers Not on Board (Reuters)
Related: Mexico to Cut Refined Sugar Exports to US from 53% to 30% (The Fence Post)
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