The U.S. and Mexico started talks this week aimed at improving agreements that manage Mexican sugar imports.The two countries agreed earlier this month to continue efforts to salvage the trade suspension agreements, which hold off antidumping and countervailing duties on Mexican imports in favor of an arrangement that manages trade by setting minimum prices and quantitative restrictions.Commerce was set to issue a final determination in an administrative review of the deals by April 4 but the deadline was extended to May 1, Commerce Secretary Wilbur Ross said after a March 10 meeting with Mexican Economy Secretary Ildefonso Guajardo Villarreal.US sugar producers have complained that the agreements have led to disruption in the U.S. sugar market. Mexican producers have been accused of circumventing the agreement by exporting semi-refined sugar that needs minimal processing yet avoids quantitative restrictions on the amount of refined sugar exports.Some U.S. refiners argue the result of the deal has been a shortage of raw sugar as well as major price suppression for refined sugar.
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