[fullwidth background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”0″ padding_right=”0″ hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][title size=”1″ content_align=”left” style_type=”underline solid” sep_color=”#000000″ margin_top=”” margin_bottom=”” class=”” id=””]International Trade Commission rules against Mexico in sugar dumping dispute[/title][fusion_text]Tuesday, October 20th 2015
The U.S. International Trade Commission today affirmed that Mexico’s sugar industry had harmed American producers by selling subsidized sugar onto the U.S. at below market prices – a practice known as “dumping.” The 6-0 ruling means that an agreement signed by the U.S. and Mexican governments to establish a trading structure that caps Mexican imports and stop Mexico’s abuses will remain in effect for at least five years, the American Sugar Alliance said in a release. The ITC and U.S. Department of Commerce (DOC) launched antidumping and countervailing duty investigations into Mexico’s sugar industry shortly after the cases were brought. The DOC inquiry concluded on Sept. 16 and found that Mexico’s sugar industry had benefitted from subsidy rates up to 44 percent and had shipped sugar to the United States at dumping margins of more than 42 percent. The ITC finished its examination today, ruling that these actions materially injured U.S. interests. U.S. sugar refineries and big users of the sweetener had said a ruling such as the ITC released today would limit supplies and keep sugar prices artificially high.
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