10 May 2007 – Mexico has drastically cut tariffs on US sugar imports from USD 280 to USD 35 per tonne, brining tariffs in line with what the United States imposes on Mexican sugar imports.
Last January, an AP report said, the US cut its tariffs on Mexican sugar imports to similar levels, in preparation for the elimination of tariffs on sweetener in 2008, when the North American Free Trade Agreement (NAFTA) will come into full effect.
The Mexican government also said that the move is related to estimates that current production may not be sufficient to cover domestic consumption, and imports would help keep domestic prices from rising.
The Mexican National Sugar and Alcohol Chamber opposed the decision and said it is looking to take legal actions.
Mexico: Mexico cuts tariffs on US sugar imports
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