International Trade Daily™ provides rapid, reliable notification of the most significant developments affecting U.S. trade and international business policy, as well as the policies of major U.S....
Dec. 2 — The Commerce Department is reviewing agreements with Mexican sugar exporters and Mexico on sugar trade to determine if they are in the public interest and whether effective monitoring is practicable, the Commerce Department said in notices issued Dec. 2.
Commerce said there was “some indication” that the agreements might not be working as intended but added that it didn't have sufficient information yet to make that judgment.
If the current agreements are scrapped, imports from Mexico could be hit with duties. The agreements suspended dumping and subsidy investigations on Mexican sugar imports, following findings that Mexican sugar had been sold below market prices in the U.S. market in 2013 and that Mexican sugar producers had been subsidized.
Imperial Sugar Co., AmCane Sugar LLC and the American Sugar Alliance requested the reviews. “The American Sugar Alliance welcomes the Department of Commerce’s preliminary decisions in the administrative reviews of the agreements suspending the antidumping and countervailing duty investigations of sugar from Mexico. They confirm that both the antidumping and countervailing duty agreements are not working,” American Sugar Alliance spokesman Philip Hayes told Bloomberg BNA in an e-mail.
Absent issuance of revised suspension agreements, Commerce said it plans to issue findings “as soon as practicable.” Commerce also said it would issue final results of its review within 120 days after publishing the preliminary results in the Federal Register.
Mexican sugar exporters, including Central Motzorongo S.A. de C.V. and Fideicomiso Ingenio San Cristobal, agreed to quotas and floor prices under the suspension pacts to settle the cases.
Consumer backlash against genetically modified organisms has dampened demand for beet sugar, which is grown from GMO seeds. At the same time, demand has risen for sweetener from cane and sugar refiners have complained about shortages.
Interested parties will have the opportunity to submit case and rebuttal briefs after Commerce issues its findings. Commerce did not immediately respond to a request for additional information.
To contact the reporter on this story: Rossella Brevetti in Washington at email@example.com
To contact the editor responsible for this story: Jerome Ashton at firstname.lastname@example.org
The Federal Register notices are available at https://s3.amazonaws.com/public-inspection.federalregister.gov/2016-29074.pdf and https://s3.amazonaws.com/public-inspection.federalregister.gov/2016-29075.pdf.
Copyright © 2016 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)