Article: MEXICO, US REACH AGREEMENT TO EASE TRADE RESTRICTIONS ON SWEETENERS.

The Mexican and US governments have reached a tariff-reduction agreement on sugar and sweeteners that will cover a 15-month period, beginning in October of this year. The accord is a preliminary step to the full opening of the agriculture market under the North American Free Trade Agreement (NAFTA), scheduled for Jan. 1, 2008.

The agreement allows Mexico to export as much as 500,000 metric tons of cane sugar to the US between Oct. 1, 2006, and Dec. 31, 2007. In exchange, US exporters will be allowed to ship as much as 500,000 MT of high-fructose corn syrup (HFCS) to Mexico during the same period.

"This [agreement] sends an important signal that both ...

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