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US May Restore Duties On Mexican Sugar If Talks Fail
08/05/2017 12:00
The United States has said that it will restore anti-dumping duties and countervailing duties on Mexican sugar exports if alternative action cannot be agreed by June 5.
In October 2014, Commerce reached final affirmative determinations in anti-dumping and countervailing duty investigations regarding sugar imported from Mexico. However, in 2014, an agreement was signed with the Government of Mexico and with Mexican sugar producers that suspended AD and CVD duties on sugar imports. The agreements were to prevent imports from being concentrated during certain times of the year, to limit the amount of refined sugar entering into the US, and establish minimum price mechanisms.
However, concerns were raised with Commerce in 2016 that the agreements were not effectively remedying the injury faced by US firms. Efforts have been ongoing between US and Mexico to resolve the issues but Commerce said that negotiations have now "reached an impasse."
In October 2014, Commerce reached final affirmative determinations in anti-dumping and countervailing duty investigations regarding sugar imported from Mexico. However, in 2014, an agreement was signed with the Government of Mexico and with Mexican sugar producers that suspended AD and CVD duties on sugar imports. The agreements were to prevent imports from being concentrated during certain times of the year, to limit the amount of refined sugar entering into the US, and establish minimum price mechanisms.
However, concerns were raised with Commerce in 2016 that the agreements were not effectively remedying the injury faced by US firms. Efforts have been ongoing between US and Mexico to resolve the issues but Commerce said that negotiations have now "reached an impasse."
May 8, 2017
Source: Tax News
Source: Tax News
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