Feb 3, 2013

United States and Mexico Reach Deal on Tomato Imports

The New York Times
Stephanie Storm
February 3, 2013

The United States and Mexico have reached a tentative agreement on cross-border trade in tomatoes, narrowly averting a trade war that threatened to engulf a broad swath of American businesses.

The agreement, reached late Saturday, raises the minimum price at which Mexican tomatoes can be sold in the United States, aims to strengthen compliance and enforcement and increases the types of tomatoes governed by the bilateral pact to four from one.

“The draft agreement raises reference prices substantially, in some cases more than double the current reference price for certain products, and accounts for changes that have occurred in the tomato market since the signing of the original agreement,” Francisco Sánchez, undersecretary of commerce for international trade, said in a statement.

The agreement will be open for public comment until Feb. 11. The Commerce Department estimated it would go into effect March 4.  Read more. 

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