U.S., Mexico reach sugar pact but U.S. producers not on board
U.S. Commerce Secretary Wilbur Ross sits for an interview in his office in Washington, U.S. May 9, 2017. REUTERS/Jonathan Ernst
WASHINGTON (Reuters) - The U.S. and Mexican governments reached a new agreement in principle on trade in sugar, but U.S. producers have failed to endorse the deal, U.S. Commerce Secretary Wilbur Ross said on Tuesday.
The agreement, which calls for Mexico to shift its export a smaller proportion of refined sugar and a larger proportion of raw sugar to the United States, would go through a final drafting stage, during which he said the two sides would try to make it easier for U.S. sugar producers to "come on board" with the deal, Ross said.
(Reporting by David Lawder, editing by G Crosse)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war, bond turmoil
- Turkey, Saudi Arabia, Pakistan to hold first defence pact meeting, source says
- Orangutan rescued from fire zone in Indonesia's Borneo, battles respiratory illness
Create E-mail Alert Related Categories
ReutersRelated Entities
Wilbur RossSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share