Issued on June 6, 2017
On June 6th, Mexico and the United States reached an important stage in the drafting process of the sugar trade deal between the two nations. Mexico agreed to every demand made by the United States and is willing to work with the American sugar industry to make further progress. The deal would protect American exports of high-fructose corn syrup, stymie a flood of sugar in bumper crop years from Mexico, and impose many other conditions to limit the open market provided by NAFTA. However, the American Sugar Alliance could not agree to the present terms, citing loopholes. LEARN MORE
With President Trump threatening NAFTA, this agreement could build an important foundation and trust to continue the treaty. Commerce Secretary Ross and Mexican economic minister Guajardo seemed to agree on many fundamental economic principles which could be a good sign for many more deals to come. Yet many industries in the United States, including sugar, continue to clog up and stifle negotiations in order to increase profits. This hurts consumers with higher prices and less regulation, and not accepting this deal could set a poor precedent and damage NAFTA negotiations in the future. LEARN MORE
- WTO — An international organization dedicated to solving trade disputes and providing resources for freer trade
- BSR — BSR is a business network developing sustainable and freer commerce and trade
- Atlas Free Trade — A network of research and collaboration between concerned international advocates who wish to remove trade barriers.
This brief was compiled by Jacob Malinowski. If you have comments or want to add the name of your organization to this brief please contact email@example.com.