Bedford Park, Ill.-based Corn Products International (CPI) has admitted that it is disappointed that Mexico’s Supreme Court has ruled to restore the value-added tax on soft drinks produced with high fructose corn syrup (HFCS).
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CPI, a leading regional producer of starch, high fructose corn syrup and glucose, said that it will continue its on-going effort to encourage a positive negotiating environment between Mexico and the US, regarding the sweetener/sugar trade policy.
The company is working with government and trade officials in Washington and Mexico City to explore political options to permanently resolve the Mexican value-added tax on beverages sweetened with high fructose corn syrup (HFCS).
“We are displeased that this discriminatory tax has not been lifted permanently,” said Sam Scott, chairman, president and CEO, “but will continue to support resolution of the entire sweetener/sugar conflict between the US and Mexico.”
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By GlobalData
