Mexico sugar industry warns U.S. tough line sets bad NAFTA precedent

5/9/2017 Reuters

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Flickr/Daniel Barrientos

A tough U.S. proposal on bilateral sugar trade with Mexico sets a bad precedent for an impending renegotiation of the North American Free Trade Agreement (NAFTA), the head of Mexico’s sugar chamber, Juan Cortina, said on Tuesday.

The U.S. sugar industry pressed the Commerce Department late last year to withdraw from a 2014 trade agreement that sets prices and quota for U.S. imports of Mexican sugar unless the deal could be renegotiated.

Cortina warned that the new proposal for modifying the 2014 agreement, which seeks to increase minimum prices for refined Mexican sugar and adjust quality requirements, would essentially push Mexican exporters out of the U.S. market.

“This is a very bad precedent for upcoming (NAFTA) negotiations if we can’t reach an agreement,” said Cortina.

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