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United States and Mexico finalize sugar trade deal

Thursday, June 15, 2017


The United States and Mexico on Wednesday finalized terms of a sugar trade pact that seeks to resolve a years-long dispute  between the governments before a North American trade deal is renegotiated.

The sugar deal, which was reworked from a 2014 pact, averts imposition of large duties on U.S. imports of Mexican sugar while also addressing U.S. industry demands for protection from cheap, subsidized sugar from its top foreign supplier.

Source: Reuters