Cargill Sues Mexico For $94.6M NAFTA Corn Syrup Award

Law360, New York (November 14, 2012, 1:53 PM EST) -- Agricultural products conglomerate Cargill Inc. filed a lawsuit in New York federal court Tuesday to force the Mexican government to pay a $94.6 million NAFTA fine over the country's import restrictions on U.S.-produced high fructose corn syrup.

Cargill's lawsuit came just over three years after a Canada-based North American Free Trade Agreement arbitration panel ruled in September 2009 that Mexican trade barriers on corn syrup had violated three provisions of the trilateral treaty. The decision has since been upheld three times by Canada's court system, most...
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