Mexico's sugar industry has been unfairly dumping subsidized sugar
onto the U.S. market, the U.S. Department of Commerce ruled Thursday.
sugar industry was found to be dumping at margins of 40-42 percent
below the value of the exported product and subsidized from 6 percent to
44 percent. Mexico's government-owned sugar mills were subsidized at 44
"The DOC's finding validates our claim that U.S.
farmers, workers and taxpayers were harmed by subsidized Mexican sugar
flooding the U.S. market,” said Phillip Hayes, spokesman for the
American Sugar Alliance. "U.S. trade law exists to ensure that predatory
trading practices like these don't drive efficient domestic industries
out of business and today proved that the process works. We expect a
similarly positive outcome when the U.S. International Trade Commission
issues its final ruling in the matter next month."
The final ruling upholds a preliminary finding made by the Department of Commerce last year.
Trade Commission will determine whether the sugar dumping financially
harmed American businesses. The Commission held a hearing Wednesday and
is expected to vote on Oct. 20.
Officials estimate sugar dumping by Mexico has cost the American sugar industry $1 billion during the 2013 season.The rest of the story may be viewed at http://www.houmatoday.com/article/20150918/ARTICLES/150919693/0/search
Senior Staff Writer Jacob Batte can be reached at 448-7635 or email@example.com. Follow him on Twitter @ja_batte.