Imported sugar ‘dumped’ on US market
The US Department of Commerce (DOC) has issued a formal ruling, finding Mexico’s sugar industry unfairly dumped subsidized sugar onto the US market. According to the US Sugar Alliance, Mexico’s sugar industry was found to be dumping at margins of 40.48 to 42.14 percent and subsidized from 5.78 to 43.93 percent. The final ruling upholds a preliminary finding made last year and comes after the US government investigated Mexico’s sugar industry.
“The finding validates our claim US farmers, workers and taxpayers were harmed by subsidized Mexican sugar flooding the US market,” says Phillip Hayes, a spokesman for the American Sugar Alliance. He adds the alliance expects the US International Trade Commission to reach a similar conclusion.