Commerce To Drop Tomato Pricing Pact With Mexico

Law360, New York (September 27, 2012, 7:37 PM EDT) -- The U.S. Department of Commerce on Thursday said it had decided to ax a longstanding tomato trade deal with Mexico under which importers of Mexican tomatoes agreed not to undercut prices of American producers, following a fallout in domestic producers’ support for the accord. 

The trade pact at issue is a so-called “suspension agreement,” which put on hold an anti-dumping investigation into imports of Mexican tomatoes after a majority of importers promised to sell tomatoes at fair market value in the U.S.

The decision by Commerce...
To view the full article, register now.