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US ends tomato pact with Mexico
Oct. 9, 2012
The U.S. Commerce Department took action and ended a 16-year-old tomato trade agreement with Mexico that growers said didn’t protect them from Mexican tomatoes sold below the cost of production in the U.S.
The Commerce Department said that a final decision on the Mexico-U.S. agreement will be reached in about nine months. According to critics, the 1996 trade agreement has stabilized the U.S. tomato market and consumers benefited as a result.
Reports indicate that ending the agreement would make way for U.S. growers to seek antidumping duties. The result could lead to higher prices for Mexican tomatoes sold in the U.S.
Source: Reuters
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