The US Sugar Industry Group has reiterated its belief that sugar trade issues need to be addressed in the World Trade Organisation (WTO) and not in regional and bilateral trade agreements.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The group said it was responding to the inclusion of the Dominican Republic in the Central America Free Trade Agreement (CAFTA).
“Global distortions in the marketing of sugar need to be addressed globally. The only way to do that is through the WTO. The domestic sugar industry opposes CAFTA and any other FTAs that would increase imports of foreign sugar,” said Carolyn Cheney, chair of the US Sugar Industry Group.
“The American sugar market is already oversupplied. Every additional pound of sugar that is brought into this country – and we are the fourth largest net importer of sugar in the world – means one less pound of sugar our efficient farmers can put on the market,” she added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
