Mexico agrees to US demands in sugar dispute

Mexico agreed to demands from the United States to cut exports of refined sugar, striking a deal on Tuesday in a contentious trade negotiation that was closely watched as a prologue to talks on renegotiating the North American Free Trade Agreement.

The dispute stemmed from complaints by American sugar refiners that Mexico was taking advantage of unfair trade practices to dump refined sugar in the American market and at the same time limit the amount of raw sugar it exported to American refineries.

Source: New York Times