Mexican sugar producers could ask the government to seek trade sanctions or launch an anti-dumping probe into U.S. high-fructose corn syrup if no sugar trade deal is reached, Mexico’s sugar chamber president said on Thursday.
Speaking on local radio, Juan Cortina, the President of the National Chamber of the Sugar and Alcohol Industries, said sugar producers could ask Mexico to impose reprisal measures on par with a recent ruling by the World Trade Organization (WTO) in a dispute between Mexico and the United States over tuna fish.
“The strategy that we are going to follow, if we can’t reach a deal with the United States, is to seek a dumping investigation against fructose,” he said. “We are going urge the government…to take advantage of what they got last week on tuna,” he said.
A WTO arbitrator ruled in late April that Mexico could impose annual trade sanctions of $163.23 million against the United States after winning a dispute over trade in tuna fish.