The U.S. Department of Commerce Monday said it has initialed draft agreements with the Government of Mexico and Mexican sugar exporters that, if approved, would suspend antidumping and countervailing duty investigations of imports of Mexican sugar.
The investigations were initiated by Commerce in April 2014, after the U.S. sugar industry filed petitions alleging that it was injured by unfair pricing and government subsidies on Mexican sugar.
If the suspension agreements are finalized, they will suspend the investigations, allowing Mexican sugar to continue to enter the U.S. market without antidumping or countervailing duties. The agreements create mechanisms to ensure that unfairly traded imports of Mexican sugar do not cause injury to U.S. sugar producers. Read more here.