Saturday, April 19, 2014

Mexico's dumping

Sweet!

Commerce department to investigate Mexican Sugar.

Not only is Mexico dumping it's citizens on the U.S. economy but now they are dumping tariff and quota free subsidized sugar (Mexico owns 20% of their sugar industry) that is heavily impacting the U.S. Sugar industry. Palm Beach County has a big sugar industry and if the industry's charge is true, this impacts us all.

The implementation of NAFTA on January 1, 1994 brought the immediate elimination of tariffs on more than one-half of Mexico's exports to the U.S. and more than one-third of U.S. exports to Mexico. Within 10 years of the implementation of the agreement, all U.S.-Mexico tariffs would be eliminated except for some U.S. agricultural exports to Mexico that were to be phased out within 15 years. Wikipedia


No comments: