The draft agreement has signed between US and Mexico which aims to suspend US anti-dumping and anti-subsidy duties on Mexican sugar.
The US Department of Commerce (DOC) had announced on October 27, 2014, preliminary anti-dumping duties ranging from 39.54 percent to 47.26 percent on imports of sugar from Mexico. These duties are in addition to preliminary anti-subsidy duties ranging from 2.99 percent to 17.01 percent, which were determined on August 26, 2014.
According to a statement from the International Trade Administration of the DOC, the agreements make mechanisms to ensure that unfairly traded imports of Mexican sugar do not cause injury to US sugar producers. The DOC has released draft texts of the initialed suspension agreements for a 30-day public comment period, after which the agreements can be finalized.
