BUSINESS

Mar 28, 2014 2:33 PM by Ian Auzenne

Senators want investigation into alleged sugar dumping

Louisiana's United States senators are pressing federal officials to investigate the alleged dumping of Mexican sugar on American markets.

Senators Mary Landrieu and David Vitter announced today that several American sugar producer organizations, including the Louisiana-based American Sugar Cane League, filed anti-dumping and countervailing duty peitions against Mexican sugar producers with the International Trade Commission and the United States Department of Commerce.

According to Sen. Vitter, sugar that has been subsidized by the Mexican government is being dumped--or, sold in the U. S. under fair market value--at margins of 40 percent or more. This, according to Sen. Landrieu, is prohibited by the Tariff Act of 1930.

If federal investigators find that these claims have merit, the Commerce Department will issue an antidumping duty to offset the dumping.

»Comments

Top Videos

1 2 3 4

Most Popular