Wednesday, September 17, 2014

Mexico and America sign tomato pricing deal

Tuesday, March 5, 2013, 14:30
This news item was posted in Business category and has 0 Comments so far.

Mexico says its tomato farmers have signed and implemented a fresh deal with the Usa to end a dispute over trade in fresh tomatoes.

Mexico’s Economy Department stated yesterday that the final deal has been signed with U.S. Department of Commerce authorities. It said the contract “provides a framework of certainty and stability” for its farmers.

The deal improves anti-dumping enforcement and resets minimum wholesale rates, after Florida tomato farmers complained that Mexican suppliers were selling fresh tomatoes for under the production cost.

Mexico’s tomato trade with the U.S. was more vital than $1.8 billion in 2011.

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